GOV.UK
EUROVIA INFRASTRUCTURE LIMITED
Company number: 07388667
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 30 July 2018
and approved by S Wardrop
Payment statistics
Average time taken to pay invoices: 58 days
Invoices paid:
- within 30 days: 23%
- in 31 to 60 days: 41%
- in 61 days or more: 36%
Invoices due but not paid within agreed terms: 30 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
30 Day terms can be applied to Subcontractors and SME's.
60 Day terms are applicable on a mutually agreed basis with other Vendors.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Earlier payment terms are available and can be agreed in certain circumstances or where there is a contractual requirement
Any other information about payment terms
N/A
Dispute resolution process
The Company has a 3 tier resolution process to resolve any disputes and invoice queries with its supply chain on a timely basis. The first tier involves Divisional and Operational staff who should be contacted in the first instance. The 2nd tier would involve the Category Manager and finally if disputes/queries still can't be resolved it can be escalated to the Eurovia UK Supply Chain Executive. To help resolve disputes and queries the Company may request further information.
As part of our drive towards increasing the level of e-invoicing we encourage our supply chain to transmit their invoices via edi / web portal. Vendors submitting invoices via these methods can track receipt of their invoice and shortly will also be able to view other status information which will further improve early communication between all parties in the event of a 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.Yes – Prompt Payment Code & Construction Supply Chain Payment Charter
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.
Yes
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