ENGIE FM LIMITED
Company number: 00665702
1 July 2021
to 31 December 2021
This report was filed on 18 January 2022
and approved by Andrew Pollins
Average time taken to pay invoices: 40 days
- within 30 days: 86%
- in 31 to 60 days: 11%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 10 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
ENGIE's standard payment terms are either 30 or 60 days depending on the size of the supplier and/or whether we have identified the supplier/sub contractor is part of a public sector supply chain.
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
Suppliers must submit their invoices quoting a valid purchase order to ensure the invoice can be processed and available for payment. Invoices must not be submitted prior to the goods/service being delivered.
All disputes are managed via our Procure to Pay system with suppliers being notified of a dispute, via e-mail, as soon as the invoice is processed.
We aim to resolve all disputes within 10 working days to ensure our supplier can be paid within agreed terms. This is, however, dependant, in part, on timely responses from the supplier to rectify any issues.
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?