Carillion and Laing O’Rourke have signed up to the Government’s prompt payment code just weeks ahead of the Government naming and shaming firms.
The rush to join other signed-up major contractors came after construction minister Michael Fallon warned last November he would name and shame leading companies not signed up to the voluntary payment code.
After the warning letter Kier, Interserve and Miller Construction signed up joining Balfour Beatty, Morgan Sindall and Willmott Dixon on the list.
Major contracting names still to join include Costain, Galliford Try, BAM, Vinci, Wates and ISG.
Berkeley Group is the only stock market quoted volume house builder to sign up to PPC. Barratt Developments, Bellway, Bovis Homes, Galliford Try, Redrow and Taylor Wimpey are all named and shamed in official lists.
Fallon said: “Signing up demonstrates a serious pledge to pay promptly. Reports of any companies found to be falsely committed to the value of fairness in the Code will be taken very seriously.
To read the remainder of what Michael Fallon had to say on this matter please visit the Construction Enquirer website.