GOV.UK
S.D.C. BUILDERS LIMITED
Company number: 01251716
Reporting period:
1 April 2018
to 30 September 2018
This report was filed on 23 October 2018
and approved by Francis Shiner
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 17%
- in 31 to 60 days: 79%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 10 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
60 days
Standard payment terms
The payment terms operated by SDC Builders Limited varies depending upon the type of supply and, in some instances, for who our end client is.
Material purchases are paid at the end of the month following the month of invoice.
Subcontractor Payments:
The standard terms for paying the majority of subcontractors is 49 days from the date of the
main contract valuation. Agency payment terms vary from 14 to 28 days. There are however some exceptions where certain works done for specific clients are paid on terms of 60 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
The maximum payment term is 60 days where our client imposes this period.
Any other information about payment terms
N/A
Dispute resolution process
Subcontract issues should be addressed to the quantity surveyor responsible for the
particular job worked on. They can then discuss any disputes and hopefully resolve the issues before notifying accounts to make a payment.
Material invoices are agreed to information provided by the buying department. Issues arising in pricing discrepancies will tend to be dealt with by the accounts team along with input from the buying department.
Issues in respect of other queries such as quality will be dealt with by directing these to contacts within the buying department, the jobs main quantity surveyor and the supplier in order to reach a resolution.
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.No
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