P.J. CAREY (CONTRACTORS) LIMITED
Company number: 01460224
1 October 2020
to 30 March 2021
This report was filed on 30 April 2021
and approved by Thomas Noel Carey
Average time taken to pay invoices: 34 days
- within 30 days: 48%
- in 31 to 60 days: 30%
- in 61 days or more: 22%
Invoices due but not paid within agreed terms: 44 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
The Company's payment terms can vary by contract and supply type, however our standard payment terms for supplier payments are 45 days end of month from Invoice date. Subcontract payment terms are dependent on the specific requirements of individual projects.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
We operate on standard payment terms of 45 days month following date of invoice unless specifically agreed between our supplier and our Group Head of Procurement or Head of Accounts Payable
Any other information about payment terms
Dispute resolution process
At P J Carey Contractors Ltd, we strive to resolve payment queries in a timely basis. We are committed to dealing fairly with and promptly paying our suppliers and subcontractors, the dispute will be dealt with by the relevant project team who will negotiate with our subcontractor until the issue is resolved and payment is made. In respect of disputes with our suppliers, our Accounts Payable Team will expedite a resolution assisted by our Procurement and relevant site teams. Should formal resolution be required, which is extremely unlikely, methods such as mediation 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?