SSE CONTRACTING LIMITED
Company number: 02317133
1 October 2018
to 31 March 2019
This report was filed on 29 April 2019
and approved by Scott Anderson
Average time taken to pay invoices: 17 days
- within 30 days: 87%
- in 31 to 60 days: 13%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 43 %
Standard payment period for qualifying contracts
Standard payment terms
SSE's standard payment terms are Nett 30 days but buyers are authorised to negotiate alternative terms with individual suppliers where appropriate.
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
1) Suppliers can obtain an update on the status of their invoices by following the Accounts Payable Unpaid Escalation Process which is clearly detailed in the Payment Guidance section at http://sse.com/potential-suppliers/. Where the issue relates to the approval of the invoice suppliers may be referred to the ""orderer"". 2) Alternatively suppliers can also contact the ""orderer"" directly using the details provided on the Purchase Order
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.
Yes – The Prompt Payment Code
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?