Company number: 03796233
and approved by Malcolm Coffin
Average time taken to pay invoices: 23 days
Invoices paid:
Invoices due but not paid within agreed terms: 6%
30 days
60 days
QinetiQ Ltd’s standard payment term is 60 days from receipt of a correctly submitted invoice. However, where QinetiQ Ltd engages with suppliers for goods or services relating to government contracts, payment terms are adjusted to 30 days.
Answer not provided
N/A
60 days
No further comment provided
Subject to agreement by QinetiQ Ltd, there may be negotiated variants to the 30 and 60 days terms. QinetiQ Ltd has been supporting the SME community through the COVID-19 pandemic by paying approved invoices within 30 days.
QinetiQ Ltd provides a dispute resolution process which is contained within our Conditions of Purchase Goods and Services.
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: Prompt Payment Code
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
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
No
No