STANTEC UK LIMITED

Company number: 01188070

Reporting period:
1 January 2018 to 30 June 2018

---

This report was filed on 28 September 2018

and approved by Victoria Hall-Sturt

Payment statistics

Average time taken to pay invoices: 58 days

Invoices paid:

• within 30 days: 30%
• in 31 to 60 days: 39%
• in 61 days or more: 31%

Invoices due but not paid within agreed terms: 58%

Payment terms

Shortest standard payment periods

1 days

Longest standard payment period

60 days

Standard payment terms

Stantec UK Limited does not have standard payment terms, they range from immediate payment to 60 days. Payment terms are agreed with suppliers as part of contract negotiations. The most frequently used payment terms in this reporting period is 30 days. Payment runs are typically on a weekly basis by BACS.

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Stantec UK Limited actively seeks to resolve disputes, typically involving members of the accounts payable team along with the procurement and commercial teams and where necessary members of the relevant management team. Where it is not possible to reach agreements, a number of potential dispute resolution methods (for example, mediation, adjudication, expert determination, litigation and/or arbitration) may be used.

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, this business has signed up to: 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.

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