Company number: 01846493
28 September 2019
to 27 March 2020
This report was filed on 24 April 2020
and approved by Cheryl McCall
Average time taken to pay invoices: 34 days
- within 30 days: 54%
- in 31 to 60 days: 41%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 44 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
The standard payment terms for AECOM Limited are 45 days from date of invoice. However, AECOM is committed to being flexible in its approach, reviewing and agreeing terms and conditions on a supplier-by-supplier basis and adhering to negotiated terms in all instances.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
AECOM Limited is committed to fair treatment of all its supply chain partners and promotes transparency and swift resolution of any supplier dispute. The company has a dedicated UK based Procure to Pay team who provides the interface between the company and its supplier base and will be the initial point of contact to resolve any payment or invoice dispute. Where it is not possible to reach agreement, the dispute will be escalated to the Europe, Middle East and Africa (EMEA) Head of Global Business Services and / or the Finance Director of the Company for resolution.
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.
Yes – The Prompt Payment Code
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?