370 Skanska projects impacted by COVID-19 so far
The coronavirus fallout is beginning to affect the multinational contractor in every region and sector where it operates worldwide, said CEO Anders Danielsson on an earnings call today.... Read more
Skanska
General Contractor
B
Payment Score83 / 100
Top70%
2.3
28 ratingsSkanska Company Overview
Skanska is typically a General Contractor who has worked on 1092 jobs in the last 12 months according to available project information. Learn more about Skanska's recent projects, reviews from other contractors, and general payment terms below.
Reviews of Skanska
On average, 28 companies rated Skanska with mostly constructive feedback on past and ongoing construction projects.
What other contractors are saying about Skanska's payment practices
How would you describe their payment process, speed, and policy?
Slow
a month ago
They are a wonderful top of the line company.
7 months ago
Extremely difficult to work with. Very slow payments, even after all contractural requirements are met. Holds payments after owner pays, for no reason. Approaches subcontractors in bad faith.
7 months ago
Skanska's Project and Payment HistoryBottom 25%Large companies
Bottom 25%Large companies
Skanska has worked on 1092 jobs in the last 12 months. Subs and vendors reported being paid on-time on 100% of projects. This contractor scores a B for payment and ranks in the bottom 25% of large U.S. contractors.
Slow payment reported (90+ days) for Commercial project in Nashville, Tennessee
Reported:
1 week ago
Work worth:
Less than $1,000
Slow payment reported (90+ days) for Commercial project in Apt, Tennessee
Reported:
1 week ago
Work worth:
Less than $1,000
Slow payment reported (90+ days) for State / County project in Mckinney, Texas
Reported:
3 weeks ago
Work worth:
Over $10,000
Skanska is featured in these lists
About Skanska
Headquarters Address
1633 Littleton Rd, Parsippany, NJ 07054
Phone Number
Bond Information
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
Bond Number
9351699
License Number
1068495
Skanska News
Learn more about recent Skanska construction payment-related news in the industry.
Skanska and Seattle Condo Developer Seek To Resolve Costly Tangle Of Disputes
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Michigan Supreme Court Clarifies Decades-Old Dispute and Holds that Subcontractor’s Unintentional Defective Work Constitutes an “Accident” and “Occurrence” Granting Construction Manager CGL Coverage | JD Supra
In Skanska USA Building Inc v MAP Mechanical Contractors, Inc, (Michigan Supreme Court, Docket Nos. 159510-159511, June 29, 2020) the Michigan Supreme...... Read more
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Learn more about the top 10 biggest construction companies in the U.S., including annual revenue, notable projects, and payment insights.... Read more
Skanska Awards
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Skanska Project and Payment Info
B
Payment Score83 / 100
Bottom 25%Large companies
Compared to other contractors' pay history, Skanska's payment score is B.
See full payment performanceKey Payment Steps and Software
Preliminary Notice
Always send
Skanska uses Levelset for preliminary notices. Send Preliminary Notice
Lien Waivers
Always Exchange
Skanska uses Levelset for exchanging lien waivers. Exchange a waiver
Typical Contract Terms
Retainage
Usually no retainage in Oregon. See typical retainage by State for Skanska.
Payment Terms
Others typically said they were paid on invoice from Skanska. See what were common payment terms.
Days to Payment
Skanska typically pays in < 15 days. This is self-reported by other contractors at the end of projects.
See all contract term details