BALFOUR BEATTY GROUP LIMITED
Company number: 00101073
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
30 July 2026
Approved by:
Myles Westcott
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: 34 days
Total value paid:
- within 30 days: £1,226,222,865 (76%)
- in 31 to 60 days: £360,534,037 (22%)
- in 61 days or more: £33,724,295 (2%)
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 25%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £318,259,765
- payments due in the reporting period which have not been paid within the agreed period: 10%
- not made in the reporting period due to a dispute: 37%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
60 days
Standard payment terms
Balfour Beatty Group Limited does not have standard payment terms they are agreed with suppliers as part of contract negotiations. The most frequently used payment terms in the reporting period were 30 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
NA
Any other information about payment terms
NA
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
There is no specific policy on retentions however our procedures require us to ensure our Subcontract terms reflect our Main Contract terms with our Customer. We do not hold retentions for all subcontractors, only where this is imposed upon us by the Customer. This is reviewed on a project by project basis.
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?
Yes:
There is no specific policy on retention however our procedures requires us to ensure our Subcontract terms reflect our Main Contract terms with our Customer. We do not hold retention for all subcontractors, only where this is imposed upon us by the Customer. This is reviewed on a project by project basis.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
The terms and conditions we use are usually in line with the standard wording from the NEC4 Engineering & Construction Subcontract as contained in Option X16 Retention.
Is the money released in stages?
Yes:
The NEC clause holds a percentage of amount due under the subcontract which is then reduced by 50% on completion of the subcontracted works and then the remaining 50% when Defects Certificate is issued.
The percentage for retention (usually between 2.5% and 5%) and the defects period is advised and agreed during the Subcontract Tender Period and included within the Subcontract Agreement signed by all parties.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
80%
Amount retained stated as a percentage of the total construction payments made by this business
1%
Dispute resolution process
Balfour Beatty Group Limited is committed to fair dealing with all of its supply chain members and transparency and timely resolution of disputed items. The dispute process is detailed on our website, link below https://www.balfourbeatty.com/about-us/how-we-operate/supply-chain/supplychain-partner-payment/
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.
No, this business has not signed up to a code of conduct or standards on payment practices.
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