GOV.UK
NATIONAL HOUSE-BUILDING COUNCIL
Company number: 00320784
Reporting period:
1 April 2019
to 30 September 2019
This report was filed on 17 October 2019
and approved by Paul Hosking
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 75%
- in 31 to 60 days: 17%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 1 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Standard payment terms are 30 days with suppliers for non-construction related contracts.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
National House-Building Council actively seeks to resolve disputes by discussing them with the relevant supplier(s), typically involving members of the accounts payable and credit control departments and/or the procurement and commercial teams and/or where necessary members of management. However, where it is not possible to reach agreement, a number of potential dispute resolution methods (for example mediation, adjudication, expert determination, litigation and/or arbitration) may be used (these methods may be detailed in bespoke contractual arrangements).
National House-Building Council’s standard payment terms for non-construction contract related payments are 30 days unless National House-Building Council agrees to different terms requested by a supplier. For construction contracts the payment terms are largely dependent on the specific requirements of individual projects and are subject to the requirements laid out in the Housing Grants, Construction and Regeneration Act 1996.
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