BALFOUR BEATTY GROUP LIMITED
Company number: 00101073
1 July 2021
to 31 December 2021
This report was filed on 28 January 2022
and approved by Philip Harrison
Average time taken to pay invoices: 36 days
- within 30 days: 64%
- in 31 to 60 days: 29%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 25 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Balfour Beatty Group Limited does not have standard payment terms they are agreed with suppliers as part of contract negotiations.
The most frequently used payment terms in the reporting period were 30 days.
Were there any changes to the standard payment terms in the reporting period?
Yes – Payment terms were changed to 30 days for suppliers identified as having less than 50 employees.
Were suppliers notified or consulted about these changes before they were made?
Maximum contractual payment period agreed
Any other information about payment terms
In respect of businesses identified as having less than 50 employees, we paid 80% of invoices in 30 days and 96% within 60 days.
Dispute resolution process
Balfour Beatty Group Limited is committed to fair dealing with all of its supply chain members and transparency and timely resolution of disputed items. The dispute process is detailed on our website, link below
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 – The 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?