KENT CATHOLIC SCHOOLS' PARTNERSHIP
Company number: 08176019
Reporting period:
1 September 2019
to 29 February 2020
This report was filed on 3 March 2020
and approved by Clive Webster
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 81%
- in 31 to 60 days: 14%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 28 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
30 days
Standard payment terms
Most frequently used is payment within 30 days.
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
During any dispute, including any dispute as to the validity of the contract, it is agreed that the supplier should continue its performance of the provisions of the contract (unless the client requests in writing that the supplier does not do so).
In the case of a dispute arising out of or in connection with this contract, the supplier and the client shall make every reasonable effort to communicate and cooperate with each other with a view to resolving the dispute and follow the procedure set out in the schedule before commencing court proceedings.
If any dispute arises out of the contract, either party may serve notice on the other party to commence formal resolution of dispute. Level 1 of the management levels of the dispute will commence on the date of service or the dispute notice. Respective representatives, shall have 5 business days at each level to resolve the dispute before escalating the matter to the next level as appropriate.
If the procedure set out above fails to resolve such disputes, the parties will attempt to settle it by mediation: (a) with the centre for effective dispute resolution ("CEDR"); or (b) if agreed in writing by the parties, with any other alternative mediation organisation, using the respective model procedures of CEDR or other such mediation organisation.
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