RIDER LEVETT BUCKNALL UK LIMITED
Company number: 04653580
1 November 2019
to 30 April 2020
This report was filed on 29 May 2020
and approved by Stuart Stables
Average time taken to pay invoices: 39 days
- within 30 days: 64%
- in 31 to 60 days: 31%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 37 %
Standard payment period for qualifying contracts
Standard payment terms
Contracts are usually agreed on 30 day payment terms
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
A dispute will normally be received by Accounts Payable. They will pass the query on to the Project Manager/approver who will aim to resolve.
Accounts Payable will receive feedback from the above with regards to the actions required. Once the dispute is resolved a request will be made to the supplier for a re-issued invoice with the appropriate post resolution date. Payment will then be made.
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 – Fair Payment Charter and 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?