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  2. BDW TRADING LIMITED reports

BDW TRADING LIMITED

Company number: 03018173

Reporting period:
1 July 2021 to 31 December 2021

This information is as reported by the business, and responses are in their own words.

This report was filed on 25 January 2022

and approved by M Scott

Payment statistics

Average time taken to pay invoices: 27 days

Invoices paid:

Invoices due but not paid within agreed terms: 20 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

60 days

Standard payment terms

Non-construction Contract Purchase Order (principally for purchase of goods, but with some provision for supply of related services)

- Payment of the invoice from the Supplier shall be made within 30 days of the end of the month of receipt unless otherwise provided within the Order unless the invoice is disputed and Payment or Pay Less Notices are served and/or it is referred to Adjudication.

Construction contracts

Works Order &
The Large Package Agreement (design and Non Design Versions)

- 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 the Order. In the event that the basis is not set out in the Order 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.

Construction Contracts (Labour only)

- The Contractor shall be entitled to interim payments during the course of the Works either on a monthly bimonthly or weekly basis as set out in the Order. In the event that the basis is not set out in the Order 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:
• in the case of interim payments to be made monthly or bimonthly 24 days after the Application Date (“Payment Due Date”); or
• in the case of interim payments to be made weekly 7 days after the Application Date (“Payment Due Date”).

The final date for payment of an amount stated as due in a notice, shall be in the case of interim payments to be made monthly or bimonthly 14 days after the Payment Due Date; or in the case of interim payments to be made weekly 7 days after the Payment Due Date.

Link to payment terms on website

Terms and conditions are set out in the contracts and agreements found on the following web page:

http://www.barrattcommercialsupport.co.uk/terms-and-conditions



Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

Non-construction contracts
If a dispute arises between the parties, the parties will attempt, in good faith, to reach settlement as soon as possible between the Barratt Contact and the Supplier Contact (who shall be authorised to settle such a dispute).

Construction contracts
Dispute resolution clauses are agreed at the tender and pre-contract stage. Thereafter, if there is a contractual dispute, the dispute resolution procedures laid out in the contract are invoked. Any dispute or difference arising under or in connection with the Contract may be referred to adjudication in accordance with the Scheme for Construction Contracts SI 1998 No 649.

Hyperlink to the Conditions of Contract:
http://www.barrattcommercialsupport.co.uk/trading-england-wales

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

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