星空传媒

The country鈥檚 biggest private contractor has made good on its promise to improve the time it takes to settle its bills, cutting the average amount of days suppliers have to wait by a third.

Laing O鈥橰ourke was previously one of the industry鈥檚 slowest payers and chairman Ray O鈥橰ourke had vowed to tackle its record head on.

Last October, O鈥橰ourke (pictured) admitted his firm needed to pull its socks up and pay its subcontractors more quickly.

鈥淲e will focus on improving payments to our supply chain during the next financial year,鈥� he said.

In its latest payment practice report, O鈥橰ourke revealed its average payment time in the six months to 30 September was now 34 days 鈥� compared to the 52 days it was taking in the previous six months.

It also impro