T & W CIVIL ENGINEERING LIMITED
Company number: 02888278
Reporting period:
1 August 2025 to 31 January 2026
Report filed on:
27 February 2026
Approved by:
Adam Burchnall
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: 50 days
Total value paid:
- within 30 days: £16,356,155 (36%)
- in 31 to 60 days: £17,368,668 (39%)
- in 61 days or more: £11,123,141 (25%)
Invoices paid:
- within 30 days: 36%
- in 31 to 60 days: 39%
- in 61 days or more: 25%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £938,552
- payments due in the reporting period which have not been paid within the agreed period: 3%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
T&W’s standard payment terms are 45 days from end of month of invoice. Small suppliers or companies reliant on trade from T&W have reduced payment terms of 30 days from end of month of invoice. T&W is committed to support small businesses to ensure better cashflow.
Subcontractors: T&W’s standard payment terms are 30 days from end of month of invoice. Longer payment terms at 45 or 60 days are agreed with larger subcontractors. The terms for subcontractors with a high labour content or small companies are 7 to 14 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
No further comment provided
Any other information about payment terms
Payment terms are reviewed on the regular basis and adapted to support supplier’s circumstances. T&W is determined to ensure fair payment terms and support business with its supply chain.
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
Retention clauses are used in specific and rare circumstances:
T&W includes retention clauses only in specific high-value or high-risk contracts, where failure to meet required standards or remedy issues could result in significant financial consequences.
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?
No
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Retention monies are released automatically at the following stages.
Is the money released in stages?
Yes:
50% of the retention is released upon completion of the contracted works by the supplier.
The remaining balance is released 12 months after completion of the works, or upon written confirmation that the works have been accepted or adopted by the relevant local authority, whichever is first.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
0%
Amount retained stated as a percentage of the total construction payments made by this business
0%
Dispute resolution process
If a dispute arises between the parties, the parties will attempt, in good faith, to reach an agreement as soon as possible. Suppliers: Queries are raised by the Accounts Payable team with the Procurement team or directly with the supplier at the point the invoice is processed. A further reminder is sent to suppliers by the mid-month of the following month of invoice via email; detailing all transactions held along with reasoning. Subcontractors: Queries are raised by the Accounts Payable team with the Project Managers or directly with the subcontractor at the point the invoice is processed. Details of disputes and agreements are put in writing via email after discussions with the subcontractor.
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.
No
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