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TAQA BRATANI LIMITED

Company number: 05975475

Reporting period:
1 January 2018 to 30 June 2018

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This information is as reported by the business, and responses are in their own words.

This report was filed on 26 July 2018

and approved by Sandy Hutchison

Payment statistics

Average time taken to pay invoices: 27 days

Invoices paid:

• within 30 days: 89%
• in 31 to 60 days: 6%
• in 61 days or more: 5%

Invoices due but not paid within agreed terms: 11 %

Payment terms

Shortest standard payment period

14 days

Longest standard payment period

30 days

Standard payment terms

Standard payment terms are 30 days from the date of receipt of invoice. Some payments terms are shorter than this as agreed within the specific contract terms with some suppliers.

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

No

Maximum contractual payment period agreed

30 days

Any other information about payment terms

N/A

Dispute resolution process

Invoices must be made out with the correct company name and address and sent via email to TAQAInvoicing.uk@taqaglobal.com. Supplier Contracts carry details on dispute resolution process and they can also call or email TAQAInvoicing.uk@taqaglobal.com where the AP team will investigate any delays or issues in payment in order to resolve any queries 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

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