ENGIE FABRICOM UK LIMITED
Company number: 01189290
Reporting period:
1 January 2021 to 30 June 2021
Report filed on:
26 July 2021
Approved by:
Scott Murtagh
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 38%
- in 31 to 60 days: 25%
- in 61 days or more: 37%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 53%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
Standard payment terms for the procurement of goods and services is 60 days end of month from the invoice date. Labour only contractors have standard terms of 30 days end of month from the invoice date.
Payment terms are agreed in advance with suppliers by the Procurement team. The most common payment terms in place is 30 days (end of month), however terms range from immediate payment to 90 days (end of month)
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Engie Fabricom endeavours to resolve all disputes in a fair and timely manner.
Engie Fabricom actively seeks to resolve disputes by discussing them with the relevant supplier. Supplier statements are reconciled regularly and every effort is made to ensure all missing invoices are investigated.
Supplier invoices and payments are controlled by the Accounts Payable Team. They can be contacted on accounts.efab.uk@engie.com or 01469 576411 (calls taken mornings only). Disputed invoices are notified to the supplier by a member of that team or by the relevant Buyer as soon as a discrepancy is noted, and will not be paid until the dispute has been resolved.
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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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