GOV.UK
S.D.C. BUILDERS LIMITED
Company number: 01251716
Reporting period:
1 October 2021
to 31 March 2022
This report was filed on 30 April 2022
and approved by Adam Knaggs
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 30%
- in 31 to 60 days: 63%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 7 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
78 days
Standard payment terms
The payment terms operated by SDC Builders Limited varies depending upon the type of
supply and, in some instances, for who our end client is.
Material purchases are paid at the end of the month following the month of invoice.
The standard terms for paying the majority of subcontractors is 49 days from the date of the
main contract valuation. There are however some exceptions where certain works done
for specific clients are paid on terms of 60 days and 78 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
78 days
Any other information about payment terms
N/A
Dispute resolution process
Subcontract issues should be addressed to the quantity surveyor responsible for the
particular job worked on. They can then discuss any disputes and hopefully resolve
the issues before notifying accounts to make a payment.
Material invoices are agreed to details provided by the buying department and should an
issue arise in pricing discrepancies then they tend to be dealt with by the accounts team
along with the buying department.
If the issue is in respect of the quality or other non pricing matters then it will be an issue
for the buying department, site managers, surveyors and supplier to discuss and hopefully
resolve 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.No
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