PRICEWATERHOUSECOOPERS CI LLP
Company number: OC309347
Reporting period:
1 January 2022 to 30 June 2022
Report filed on:
26 July 2022
Approved by:
Adrian Peacegood
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 52%
- in 31 to 60 days: 28%
- in 61 days or more: 20%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 32%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Under PwC’s standard contractual terms, we commit to the payment of all undisputed sums properly due to
third party suppliers within 30 days of receipt of a valid invoice into PwC CI LLP’s Accounts Payable. The
email address for our Accounts Payable is bci_accounts-payable@pwc.com.
For the PwC network suppliers, the firm commits to payment of all undisputed sums in accordance with the
PwC Global Information, Policies and Procedures for Recording, Reporting and Payment. (Settlement in 60
days)
PwC network suppliers refers to the PwC network and/or one or more of its member firms, each of which is a
separate legal entity. We are a network of firms in 156 countries with more than 295,000 people. Please see
www.pwc.com “- About us - Global Annual Review” for further details.
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
Maximum contractual period for third party suppliers is 30 days
Maximum contractual period for PwC Network suppliers 60 days
Any other information about payment terms
Average days to pay -third party suppliers 25 days
Average days to pay Intra-PwC Network suppliers 50 days
Dispute resolution process
Standard contracts:
For PwC standard contracts we will attempt to settle in the first instance with negotiations between the authorised representatives of each of the parties. Both parties should, if possible, meet within five days of the dispute arising and they should continue to perform their relevant obligations, whilst working together to resolve the dispute. PWC CI LLP’s Accounts Payable contact information is provided on all emails and remittances sent from our Accounts Payable team.
Implied contracts:
Where there is no formal contract in place, the above process will also apply. For this purpose, the authorised
representative will be the supplier’s main contact with PwC for these purchases (typically the person who ordered the goods or services and who has been named on the invoice)
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