JOHN GRAHAM CONSTRUCTION LIMITED
Company number: NI003503
1 October 2020
to 31 March 2021
This report was filed on 8 April 2021
and approved by Courtney McCormick
Average time taken to pay invoices: 42 days
- within 30 days: 25%
- in 31 to 60 days: 65%
- in 61 days or more: 10%
Invoices due but not paid within agreed terms: 18 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Payment terms are agreed on a supplier by supplier basis, as part of contract negotiations. The agreed terms will depend on the type of work, size of the company and product or service purchased.
The most commonly used payment terms in the period were:
For suppliers, 45 days from end of month of supply.
For subcontractors, 47 days from date of application for payment.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
60 days from end of month of supply
Any other information about payment terms
Dispute resolution process
John Graham Construction Limited is committed to fair treatment of all our suppliers and actively seeks to resolve disputes in a timely manner. Dispute resolution mechanisms are discussed and agreed with suppliers at contract negotiation stage.
The initial point of contact for any invoice disputes will be the Accounts Payable team, who if unable to resolve, will escalate the matter to the relevant contract / commercial team and subsequently to Senior Management, should this be required. Where it is not possible to reach a satisfactory agreement, other methods of dispute resolution, such as mediation, adjudication, litigation etc. 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.
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?