Company number: 03018173
and approved by J Rumble
Average time taken to pay invoices: 27 days
Invoices paid:
Invoices due but not paid within agreed terms: 22%
7 days
60 days
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. The Payment Due Date is 24 days from the application for payment date. The Payment Due Date is only replaced with a subsequent Final Due Date (14 days after the Payment Due Date) if the application/invoice is challenged under the “payment notice” or “pay less notice” provisions contained in the agreement. 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. These are subject to the “pay less” provisions in the contract, in the event of a dispute. 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
Answer not provided
N/A
60 days
N/A
N/A
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
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: Prompt Payment Code
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No