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HARRIS FEDERATION

Company number: 06228587

Reporting period:
1 March 2019 to 31 August 2019


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

This report was filed on 1 October 2019

and approved by Mike Antoniou

Payment statistics

Average time taken to pay invoices: 36 days

Invoices paid:

Invoices due but not paid within agreed terms: 44 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

45 days

Standard payment terms

30 days is the shortest "standard" period - occasional payments may be made in advance or on shorter terms but the standard stated payment period is 30 days per procurement policy statement.

Federation Payment policies are to be found on this link
https://www.harrisfederation.org.uk/180/key-information/category/17/supplying-harris-federation-and-its-academies

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

No

Maximum contractual payment period agreed

45 days

Any other information about payment terms

N/A

Dispute resolution process

Disputes will be resolved between the Supplier and Procurer by reference to the approved Purchase Order documentation with escalation to the Federation Finance Team.

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.

No

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