GOV.UK
LAING O'ROURKE DELIVERY LIMITED
Company number: 04309402
Reporting period:
1 April 2022
to 30 September 2022
This report was filed on 28 October 2022
and approved by Rowan Baker
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 71%
- in 31 to 60 days: 19%
- in 61 days or more: 10%
Invoices due but not paid within agreed terms: 17 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
91 days
Standard payment terms
Payment terms are agreed with subcontractors and suppliers as part of contract negotiations and to
comply with any statutory and client contractual requirements. Terms agreed range from 7 Days to
60 Days from month end of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
91 days
Laing O’Rourke Delivery Limited is a proud signatory of the Prompt Payment Code and remains
committed to meeting the targets and guidance provided as part of this Code. Laing O’Rourke
Delivery Limited continues to invest significant resource in our governance, systems and processes
to improve payment to terms of its valued supply chain partners.
In accordance with the Prompt Payment Code, Laing O’Rourke Delivery Ltd is focused on
payment of all compliant invoices provided by suppliers deemed to be small companies (defined as
those having fewer than 50 employees) within 30 days. System enhancements have been made to
identify companies within this category while management focus continues on improving payment
experiences for all supply chain members.
Any other information about payment terms
The maximum contractual payment period is 60 Days from month end of invoice.
Dispute resolution process
Laing O’Rourke Delivery Limited is committed to fair treatment of all its supply chain partners and
promotes transparency and swift resolution of any dispute.
For both supplier and subcontractor disputes the process will involve the Accounts Payable
Department and may involve members of Procurement, Office Management and Commercial and
where necessary other Senior Management. Subcontractor disputes will initially be addressed by
the Project Commercial team.
Following escalation to Senior Management, on rare occasions where it is not possible to reach an
agreement suitable to both parties, other methods of dispute resolution may include but are not
limited to mediation, adjudication, expert determination and/or arbitration.
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 – The 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.
Yes
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