GALLIFORD TRY CONSTRUCTION LIMITED
Company number: 02472080
1 January 2022
to 30 June 2022
This report was filed on 27 July 2022
and approved by Andrew Duxbury
Average time taken to pay invoices: 25 days
- within 30 days: 58%
- in 31 to 60 days: 40%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 9 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Purchase Ledger (supplier payments) - Payment unless stated otherwise in the Purchase Order will be made 45 days (30 days for small suppliers) after the date of a valid invoice bearing the Purchaser's Purchase Order number provided the Goods have been delivered and all requisite contract documentation submitted in accordance with the Contract prior to receipt of the said invoice.
Sub-contract Ledger - Our standard payment terms are variable and between 30 and 45 days from the measured to date dependent on the subcontract agreement
Where obligated by our clients we pass down the client contract payment terms in our subcontract agreements.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
The maximum contractual payment period is 45 days after the invoice is received
Any other information about payment terms
The statistical information provided includes payments to both purchase ledger and sub-contract suppliers.
Payments in the 6 months to 30/6/2022 for identifiable supplier companies with under 50 employees (previous 6 months shown in brackets):
30 Days or Less % of Total: 87% (78%)
31 to 60 Days % of Total : 11% (20%)
After 60 Days % of Total : 2% (2%)
Avg Days to Pay : 26 (28)
Dispute resolution process
Galliford Try is committed to fair dealing with all of its supply chain members, and transparency and swift resolution of disputed items are key principles in this process.
Galliford Try has dedicated teams, based at the Shared Service Centre, for dealing with supplier queries and old invoices.
The Reconciliations Team responsible for;
• Formal supplier statement reconciliation, requesting copies of POD’s, invoices and credit notes where differences are identified
The Calls and Supplier Debt Teams responsible for;
• Working with Business units/suppliers to clear invoices on hold and aged invoices
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.
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?