Company number: 04135363
and approved by Heather Ratcliffe
Average time taken to pay invoices: 38 days
Invoices paid:
Invoices due but not paid within agreed terms: 11%
14 days
40 days
Most of our suppliers are on standard terms of end of month following month of invoice. Our subcontractor standard terms are 40 day
Answer not provided
N/A
40 days
No further comment provided
We are currently undertaking a large project with our supplier chain to reduce the number of queries we have on outstanding invoices. This involves having regular meetings with our supply chain and working with them to ensure they do not issue any goods to our sites without a correct purchase order enabling quicker payment.
Every effort is made to avoid disputes. In the unlikely event of a subcontractor dispute, which is not resolved using the process below, the adjudication option is included within the subcontractor order. Suppliers/ Subcontractors are informed of any disputes directly by the project team or commercial team. Every effort is taken to resolve these disputes quickly. In the unlikely event of no resolution by the people directly involved then it will be escalated to the line manager up to Director level.
For example, signatories to The Prompt 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.
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