CLUGSTON CONSTRUCTION LIMITED
Company number: 00681537
28 January 2018
to 28 July 2018
This report was filed on 16 August 2018
and approved by Bob Vickers
Average time taken to pay invoices: 32 days
- within 30 days: 65%
- in 31 to 60 days: 29%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 13 %
Standard payment period for qualifying contracts
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?
Maximum contractual payment period agreed
Any other information about payment terms
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.
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?