Company number: 00800384
and approved by Mark Farnham
Average time taken to pay invoices: 48 days
Invoices paid:
Invoices due but not paid within agreed terms: 39%
0 days
91 days
Purchase Ledger (supplier payments) - Our standard payment terms for Suppliers, payment is by the 3rd working day of the second month following the receipt of invoice. Sub-contract Ledger - Our standard payment terms are variable and between 30 and 60 days from the measured to date dependent on the subcontract agreement
Answer not provided
N/A
60 days
The maximum contractual payment period is 60 days after the end of the month the invoice is received
The statistical information provided includes payments to both purchase ledger and sub-contract suppliers
Vistry Partnerships Ltd. would endeavour to resolve queries and disputes in a fair and timely manner which satisfies all parties and maintains a good customer, supplier relationship. Queries are dealt with on site or by the purchasing department in the first instance. If an agreement cannot be made it would then be escalated to the Management/Finance team for further investigation. Disputes which cannot be resolved are referred to adjudication to be determined under the Scheme for Construction Act Regulations 1996. If the dispute cannot be resolved in accordance with normal procedures and whether there has been adjudication or otherwise the dispute will be determined by litigation in the courts of England, adopting English law.
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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