BAM NUTTALL LIMITED
Company number: 00305189
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
29 July 2026
Approved by:
Ian Phillpot
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? Yes
Payment statistics
Average time taken to pay invoices: 27 days
Total value paid:
- within 30 days: £539,617,507 (77%)
- in 31 to 60 days: £143,135,534 (20%)
- in 61 days or more: £15,882,220 (2%)
Invoices paid:
- within 30 days: 75%
- in 31 to 60 days: 20%
- in 61 days or more: 5%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £85,688,168
- payments due in the reporting period which have not been paid within the agreed period: 18%
- not made in the reporting period due to a dispute: 3%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
BAM Nuttall Limited has a range of standard payment terms which may be varied for contract specific reasons.
The most frequently used payment term in the reporting period is 60 days.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
BAM Nuttall Ltd includes retention clauses in subcontracts where it is permitted under its client contract and where it is appropriate. Retention clauses are not necessarily dependent upon the client, not usually influenced by a subcontractor being used for the first time, nor usually influenced by credit score, project duration nor value. An example of retention clause utilisation is where there is a risk of defective work that would incur BAM in expense should the subcontractor fail to satisfactorily rectify.
Does this business only use retention clauses in construction contracts above a specific contract sum?
No
Does this business use a standard percentage rate in retention clauses?
No
Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?
No
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
The typical process for subcontractor retention release is the confirmation that the relevant requirements under the subcontract have been met (e.g. subcontract works have been completed, and the main contract overall maintenance/defects period has been certified as having been completed with no issues remaining for the subcontractor to address). The release is usually made through a subcontract application/invoice for payment.
Is the money released in stages?
Yes:
Typical subcontract retention clauses provide for the release of sums in stages: 50% release after completion of the subcontracted works, and the remaining 50% retention release following the end of the maintenance/defects period.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
30%
Amount retained stated as a percentage of the total construction payments made by this business
0%
Dispute resolution process
BAM Nuttall is committed to the fair treatment of all of its supply chain. In the first instance complaints are dealt with by the relevant project staff. In addition, supply chain relationship managers will assist to resolve matters where appropriate. If the issue remains unresolved, resolution would be sought via informal or formal channels, including those specified in the supplier contract. These include escalation to appropriate independent senior officers and the use of mediation. In the unlikely event where a dispute remained unresolved, the matter would be dealt with by adjudication or finally determined in litigation.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: BAM Nuttall Limited has entered into a number of Fair Payment Charters.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No