GOV.UK
BOEING COMMERCIAL AVIATION SERVICES EUROPE LIMITED
Company number: 08186759
Reporting period:
1 January 2019
to 30 June 2019
This report was filed on 29 July 2019
and approved by John Palmer
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 74%
- in 31 to 60 days: 15%
- in 61 days or more: 10%
Invoices due but not paid within agreed terms: 25 %
Payment terms
Standard payment period for qualifying contracts
90 days
Standard payment terms
Standard payment term of 90 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
n/a
Any other information about payment terms
n/a
Dispute resolution process
Under Boeing UK’s General Provisions, where the necessary supporting information reasonably required by Boeing to substantiate invoices and to clarify charges are not provided, Boeing is entitled to withhold payment in respect of the part not substantiated or clarified until such information is provided by the supplier.
Where Boeing has disputed a payment, the Boeing Authorized Procurement Representative under the contract will contact their counterpart at the supplier. Where the dispute is not resolved by the authorised representatives, the Boeing UK General Provisions allow for disputes to be escalated, as appropriate, up to Boeing’s Vice President for Supplier Management and the supplier’s equivalent for resolution.
Once mutual resolution has been reached, Boeing ensures timely payment to suppliers
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.No
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.
No
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.
Yes
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No