BRIGGS & FORRESTER ENGINEERING SERVICES LIMITED
Company number: 01106549
Reporting period:
1 November 2025 to 30 April 2026
Report filed on:
29 May 2026
Approved by:
Jeremy Askew
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: 58 days
Total value paid:
- within 30 days: £9,637,000 (17%)
- in 31 to 60 days: £14,705,000 (26%)
- in 61 days or more: £32,460,000 (57%)
Invoices paid:
- within 30 days: 17%
- in 31 to 60 days: 26%
- in 61 days or more: 57%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £8,973,000
- payments due in the reporting period which have not been paid within the agreed period: 14%
- not made in the reporting period due to a dispute: 100%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
90 days
Standard payment terms
60 Days end of month
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Retention clauses
How does this business use retention clauses?
Retention clauses are used in specific circumstances:
Retention clauses are used for most construction contracts.
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?
Yes:
Standard policy is to apply the same terms as applied by our client, however, on occasion we apply a higher percentage of retention against our sub-subcontractors than retained by our client.
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Half of the retention will be released once the Sub-Sub-Contract Works reach practical completion, payment is then due 6 months after the practical completion date.
The remaining retention will be released after all defects in the Sub-Sub-Contract Works have been completed. Payment is due 14 days after 12 months from the practical completion date; or 6 months after the originally planned end date of the defects liability period under the contract.
Is the money released in stages?
Yes:
Usually half of the retention is released 6 months after practical completion and the remaining balance is released 14 days after the later of 12 months after practical completion and when all the defects works has been completed.
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
75%
Amount retained stated as a percentage of the total construction payments made by this business
2%
Dispute resolution process
The company actively seeks to resolve disputes / queries with suppliers and/or Sub-sub-contractors, through its commercial and procurement teams, by providing, prompt, clear and accurate information. However, where it is not possible to resolve disputes, mediation or adjudication may be used.
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