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Company number: 00937574

Reporting period:
1 January 2021 to 30 June 2021

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 12 July 2021

and approved by J M Dunbar

Payment statistics

Average time taken to pay invoices: 48 days

Invoices paid:

Invoices due but not paid within agreed terms: 10 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Skanska has a standard payment term of 30 days following the month in which the invoice/application was presented. In certain circumstances this is reduced to 30 days from invoice receipt.

Were there any changes to the standard payment terms in the reporting period?


Maximum contractual payment period agreed

30 days

Any other information about payment terms


Dispute resolution process

Skanska actively seeks to resolve disputes, typically involving members of the accounts payable and the procurement and commercial teams and where necessary members of the relevant management team.  Where discussions are unable to reach a resolution, a number of potential dispute resolution methods (for example, mediation, adjudication) are available and may be implemented by either side where deemed appropriate.

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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

Yes – Prompt Payment Code

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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?