GOV.UK
JACOBS FIELD SERVICES LIMITED
Company number: 01172655
Reporting period:
1 October 2019
to 30 March 2020
This report was filed on 30 April 2020
and approved by david ellis
Payment statistics
Average time taken to pay invoices: 59 days
Invoices paid:
- within 30 days: 20%
- in 31 to 60 days: 47%
- in 61 days or more: 33%
Invoices due but not paid within agreed terms: 69 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
60 days
Standard payment terms
The company does not use standard payment terms; payment terms are agreed with each individual supplier depending on the nature of the goods/services supplied and the contract involved.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Disputes would generally be raised to the procurer of the goods/services or the Accounts payable team depending on the nature of the issue. They will review the disputed item(s) in order to see if it can be resolved quickly with the vendor and payment can be made. If this is not possible due to the dispute involving non-performance of contract or pricing differences for example, the dispute will be referred to senior project managers/senior Corporate managers and if required Legal department. Jacobs aim to resolve all vendor disputes as quickly as possible.
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