ARUP GROUP LIMITED
Company number: 01312454
1 April 2021
to 30 September 2021
This report was filed on 27 October 2021
and approved by Paul Anthony Coughlan
Average time taken to pay invoices: 31 days
- within 30 days: 68%
- in 31 to 60 days: 27%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 52 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
30 days from invoice date.
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
Arup Group Limited are committed to being financially responsible and acting with integrity. We aim to validate all invoices in a timely manner with any discrepancies or queries being referred to the supplier or subcontractor for resolution or invoice correction. Disputes are typically resolved through discussions with the supplier. Where it is not possible to reach agreement, several potential dispute resolution methods are available for example, mediation, adjudication or expert determination.
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 – Department for Business, Energy & Industrial Strategy – Prompt Payment Code
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?