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CLUGSTON CONSTRUCTION LIMITED

Company number: 00681537

Reporting period:
28 January 2018 to 28 July 2018


Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 16 August 2018

and approved by Bob Vickers

Payment statistics

Average time taken to pay invoices: 32 days

Invoices paid:

Invoices due but not paid within agreed terms: 13 %

Payment terms

Standard payment period for qualifying contracts

45 days

Standard payment terms

The most frequently used payment terms for Clugston Construction Ltd are 45days from receipt of invoice/application.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

Clugston Construction actively seeks to resolve disputes by discussing with relevant supplier(s), management team and / or commercial teams. Supplier statements are reconciled regularly and every effort is made to ensure all missing invoices are investigated.

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.

No

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