FLUOR INTERNATIONAL LIMITED
Company number: 01372569
1 July 2018
to 31 December 2018
This report was filed on 30 January 2019
and approved by K White
Average time taken to pay invoices: 20 days
- within 30 days: 84%
- in 31 to 60 days: 8%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms: 8 %
Standard payment period for qualifying contracts
Standard payment terms
Standard payment terms are 30 days, however specific terms are negotiated depending on the nature of the goods/services supplied and the commercial situation.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
The company has a dedicated Accounts Payable department which is reachable by phone and email. Vendors with invoice queries need to contact this team. The accounts payable team will reach out to the specific contract manager if it is not clear from the system why the invoice has not yet been approved for payment. Should a contractual dispute arise the company aims to amicably resolve the dispute in accordance with the contract so as to avoid any impact on the timely processing of the payment.
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?