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BRIGGS & FORRESTER ENGINEERING SERVICES LIMITED

Company number: 01106549

Reporting period:
1 May 2020 to 30 October 2020


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

This report was filed on 30 November 2020

and approved by Alec Sarjeant

Payment statistics

Average time taken to pay invoices: 111 days

Invoices paid:

Invoices due but not paid within agreed terms: 35 %

Payment terms

Shortest standard payment period

14 days

Longest standard payment period

90 days

Standard payment terms

60 days end of month

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

No

Maximum contractual payment period agreed

90 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

The company actively seeks to resolve disputes / queries with suppliers and/or Sub-sub-contractors, through its commercial and procurement teams, by providing, prompt, clear and accurate information. However, where it is not possible to resolve disputes, mediation or adjudication may be used.

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