CALA MANAGEMENT LIMITED
Company number: SC013655
1 January 2018
to 30 June 2018
This report was filed on 30 July 2018
and approved by Graham Reid
Average time taken to pay invoices: 37 days
- within 30 days: 20%
- in 31 to 60 days: 68%
- in 61 days or more: 12%
Invoices due but not paid within agreed terms: 10 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
For purchase ledger suppliers, the payment terms adopted by the CALA Group are for invoices to be settled on the next payment run following the credit terms requested by the respective supplier. These terms range from immediate payment (which defaults to next payment run), to payment falling due at the end of the month following the invoice date. For subcontractors, the standard terms require work performed in month 1, to be valued and agreed in month 2, and the paid on the 1st working day of the following month (month 3).
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
At CALA, we strive to resolve queries and disputes on a timely basis. In respect of subcontractors, our dispute resolution process involves a collaborative review of progress on site between CALA surveyor and subcontractor, inclusive of CALA quality check, with reference to the application made. In the majority of circumstances, our commercial staff will resolve a dispute directly with the subcontractor. In respect of suppliers, goods received are inspected and receipted on site with any issues arising communicated to the supplier via telephone or email.
In the rare event that a dispute cannot be resolved by commercial staff the matter will be referred to our in-house legal counsel.
The figures reported have not been amended to remove invoices which were under query or in dispute.
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?