Company number: 04273754
and approved by Steve Crummett
Average time taken to pay invoices: 24 days
Invoices paid:
Invoices due but not paid within agreed terms: 4%
30 days
60 days
The standard contract length is based on the standard terms we offer suppliers, under a form of contract. Separately negotiated terms are not standard terms and do not qualify under this heading. In the absence of standard terms then the most popular set of terms is chosen based on the most popular utilised across the supply chain. I.e. it’s based on supplier volume and not invoice volume. Morgan Sindall operates shorter payment terms in certain circumstances, including where we have specific payment commitments on frameworks with key customers e.g. 30 days. This is reflected in our average days to pay, when compared to our standard payment terms
Answer not provided
N/A
60 days
No further comment provided
N/A
Invoice queries should be addressed to the buyer who placed the individual order as the first point of contact, and the contact details are clearly stated on the Purchase order. In the event that this should not yield a solution please request the issue to be escalated to the Director of Procurement.
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.
Yes
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