GOV.UK
CEMENTATION SKANSKA LIMITED
Company number: 00937574
Reporting period:
1 July 2022
to 31 December 2022
This report was filed on 31 January 2023
and approved by T Muckian
Payment statistics
Average time taken to pay invoices: 37 days
Invoices paid:
- within 30 days: 42%
- in 31 to 60 days: 51%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 31 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Skanska has a most frequently used payment terms of 30 days from receipt of invoice. In some cases, the payment period is 30 days from the end of the month in which the invoice / application was presented
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Skanska has a most frequently used payment terms of 30 days from receipt of invoice. In some cases, the payment period is 30 days from the end of the month in which the invoice / application was presented
Any other information about payment terms
Payments to companies with fewer than 50 employees:
0-30 days: 60%
Dispute resolution process
Skanska actively seeks to resolve disputes, typically involving members of the accounts payable and the procurement and commercial teams and where necessary members of the relevant management team. Where discussions are unable to reach a resolution, a number of potential dispute resolution methods (for example, mediation, adjudication) are available and may be implemented by either side where deemed appropriate.
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 – 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