ENGIE FM LIMITED
Company number: 00665702
1 January 2020
to 30 June 2020
This report was filed on 29 July 2020
and approved by Andrew Pollins
Average time taken to pay invoices: 40 days
- within 30 days: 53%
- in 31 to 60 days: 40%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 16 %
Standard payment period for qualifying contracts
Standard payment terms
ENGIE FM offer their suppliers a range of payment terms from ad hoc immediate payments to 60 days.
Payment terms allocated are predominantly either 30 days or 60 days depending on the size and nature of the organisation.
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
Suppliers must submit their invoices with a valid purchase order quoted to ensure it is not placed into dispute as being non compliant.
We aim to resolve all disputes within 10 working days to ensure our suppliers can be paid 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.
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?