HARROW VIEW LLP
Company number: OC415893
Reporting period:
1 April 2021 to 30 September 2021
Report filed on:
27 October 2021
Approved by:
David Thomas
Payment statistics
Average time taken to pay invoices: 37 days
Invoices paid:
- within 30 days: 61%
- in 31 to 60 days: 22%
- in 61 days or more: 17%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 42%
Payment terms
Shortest standard payment periods
38 days
Longest standard payment period
60 days
Standard payment terms
Construction Contracts: The Contractor shall be entitled to interim payments during the course of the Works either on a monthly or bimonthly basis as set out in Pre-Order Meeting Minutes. In the event that the basis is not set out in the Pre-Order Meeting Minutes, the interim payments shall be on a monthly basis.
Payment of any amount ascertained in accordance with the Contract under an Interim Application (if any) to the Contractor shall become due 24 days after the Application Date ("Payment Due Date").
The final date for payment of an amount stated as due in a notice, shall be 14 days after the Payment Due Date.
Purchase Ledger Terms: Payments are due 30 days following the calendar month end the invoice was raised.
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Either party at any time may notify the other of the intention to refer a dispute or difference arising under the Management Agreement for adjudication in accordance with the Scheme for Construction Contracts (England and Wales) Regulations 1996 (Amendment) (England) Regulations 2011. The adjudicator's decision is binding until the dispute or difference is finally determined by the Courts and the Adjudicator shall not be liable for anything done or omitted in the discharge or purported discharge of his functions as Adjudicator unless the act or omission is in bad faith, and any employee or agent of the Adjudicator is similarly protected.
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