BAM NUTTALL LIMITED
Company number: 00305189
1 July 2020
to 31 December 2020
This report was filed on 25 January 2021
and approved by IAN PHILLPOT
Average time taken to pay invoices: 47 days
- within 30 days: 30%
- in 31 to 60 days: 60%
- in 61 days or more: 10%
Invoices due but not paid within agreed terms: 24 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
BAM Nuttall Limited has a range of standard payment terms which may be varied for contract specific reasons. The most frequently used payment term in the reporting period is 60 days.
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
BAM Nuttall is committed to the fair treatment of all of its supply chain. In the first instance complaints are dealt with by the relevant project staff. In addition, supply chain relationship managers will assist to resolve matters where appropriate. If the issue remains unresolved, resolution would be sought via informal or formal channels, including those specified in the supplier contract. These include escalation to appropriate independent senior officers and the use of mediation. In the unlikely event where a dispute remained unresolved, the matter would be dealt with by adjudication or finally determined in litigation.
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.
Yes – BAM Nuttall Limited has entered into a number of Fair Payment Charters
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?