Company number: 02366963
and approved by Simon Pinnell
Average time taken to pay invoices: 57 days
Invoices paid:
Invoices due but not paid within agreed terms: 33%
0 days
60 days
International Power Ltd offers a variety of payment terms ranging from ad-hoc immediate payments to 60 days depending on the contract arrangement.
Answer not provided
N/A
60 days
No further comment provided
N/A
The fair treatment of all suppliers and subsequent payment of invoices within agreed timescales is important to ENGIE. Supplier Relationship Management, within the Procure to Pay process, ensures that we work closely with our suppliers to resolve all known disputes and maintain relationships thus preventing financial issues for them and impact on business operations for ourselves. Invoices will be placed in dispute for a variety of reasons: non-compliance, price/value mismatches, issues with the goods/services or being invoiced without the goods having been received. In all cases, ENGIE seeks to resolve disputes as quickly as possible. As soon as the dispute is identified, the reason for dispute is notified to the supplier and tracked through to resolution. Suppliers are kept up to date regarding progress as well as being issued with regular statements advising of the status of all invoices awaiting payment.
For example, signatories to The Prompt 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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
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
No
No