VINCI CONSTRUCTION UK LIMITED
Company number: 02295904
1 January 2019
to 30 June 2019
This report was filed on 25 July 2019
and approved by Chris Brennan
Average time taken to pay invoices: 30 days
- within 30 days: 64%
- in 31 to 60 days: 27%
- in 61 days or more: 9%
Invoices due but not paid within agreed terms: 20 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Standard Payment terms for subcontract payments are 42 days from Application. Outside of this terms are agreed on a contract by contract basis
Standard Payment terms for material & services supplies range from 3 days to 60 days.
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
Disputes with subcontract applications are resolved at site level between commercial resource and the subcontractor within the 28 day assessment period.
Disputes with material and services invoices are communicated on a weekly basis to the supplier.
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 – 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?