BUILDING DESIGN PARTNERSHIP LIMITED

Company number: 02207415

Reporting period:
1 January 2020 to 30 June 2020

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This report was filed on 23 July 2020

and approved by Heather Wells

Payment statistics

Average time taken to pay invoices: 32 days

Invoices paid:

• within 30 days: 63%
• in 31 to 60 days: 29%
• in 61 days or more: 8%

Invoices due but not paid within agreed terms: 45%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

60 days

Standard payment terms

BDP’s standard payment terms are 30 days. The standard payment term for sub-consultants is 45 days

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

We only have 1 supplier whose own standard payment terms are 60 days

Any other information about payment terms

N/A

Dispute resolution process

BDP’s business systems are designed to pay suppliers by their due date. If there is a dispute relating to the non-payment of supplier invoices it should be raised with the purchase ledger clerk in the relevant BDP studio who will investigate and resolve the dispute as soon as possible. If the dispute relates to the non-authorisation of supplier invoices it should be raised with the relevant BDP project director or contact that requested the supply and again this will be resolved as soon 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, this business has not signed up to a code of conduct or standards on payment practices.

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