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Company number: 01251716

Reporting period:
1 October 2018 to 31 March 2019

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 30 April 2019

and approved by Francis Shiner

Payment statistics

Average time taken to pay invoices: 39 days

Invoices paid:

Invoices due but not paid within agreed terms: 11 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

78 days

Standard payment terms

The payment terms operated by SDC Builders Limited varies depending upon the type of
supply and, in some instances, for who our end client is.
Material purchases are paid at the end of the month following the month of invoice.
The standard terms for paying the majority of subcontractors is 49 days from the date of the
main contract valuation. There are however some exceptions where certain works done
for specific clients are paid on terms of 60 days and 78 days.

Were there any changes to the standard payment terms in the reporting period?

Yes – A new contract commenced in the period and the terms on this was 78 days

Were suppliers notified or consulted about these changes before they were made?

Yes – Terms were notified at the time of engagement of services.

Maximum contractual payment period agreed

78 days

Any other information about payment terms


Dispute resolution process

Subcontract issues should be addressed to the quantity surveyor responsible for the
particular job worked on. They can then discuss any disputes and hopefully resolve
the issues before notifying accounts to make a payment.

Material invoices are agreed to details provided by the buying department and should an
issue arise in pricing discrepancies then they tend to be dealt with by the accounts team
along with the buying department.
If the issue is in respect of the quality or other non pricing matters then it will be an issue
for the buying department, site managers, surveyors and supplier to discuss and hopefully
resolve any issues.

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?