GOV.UK
LEIDOS EUROPE, LIMITED
Company number: 09351724
Reporting period:
1 January 2020
to 30 June 2020
This report was filed on 30 July 2020
and approved by Graham Moore
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 76%
- in 31 to 60 days: 20%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 21 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Invoices shall be submitted by email to the identified mailbox on the PO cover. Hard copies shall be sent to Accounts Payable Department as identified on the PO cover and shall contain the following information: Order number, part number, description of articles, sizes, quantities, unit prices and extended totals. Invoices submitted hereunder will be paid net Thirty (30) calendar days after receipt of invoices or acceptance of delivered items by Leidos, whichever occurs later, unless otherwise specified on the PO cover. Before payment, Leidos may make any adjustments to Seller’s invoices to accommodate shortages, late delivery, rejections, or other failure to comply with the requirements of any Orders. Cash discounts will be taken from date of final acceptance of delivered items, or the date of acceptable invoice, whichever is later. Payment shall not constitute final acceptance. Leidos may offset against any payment hereunder any amount owed to Leidos by the Seller
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Leidos would only deviate from its standard terms if agreed in advance with the Prime contractor. Under these circumstances Leidos may then ask any sub-contractors to change their payment terms to be in line with the prime.
Any other information about payment terms
N/A
Dispute resolution process
Leidos and Seller agree to enter into negotiations to resolve any controversy, claim or dispute (“dispute”) arising under or relating to the Order. The parties agree to negotiate in good faith to reach a mutually agreeable resolution of such dispute within a reasonable period of time. If good faith negotiations are unsuccessful, Leidos and Seller agree to resolve the dispute by non-binding arbitration in accordance with the rules of arbitration of The Chartered Institute of Arbitrators in the United Kingdom and by Arbitrators appointed in accordance with such rules in effect.
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