ARUP GROUP LIMITED

Company number: 01312454

Reporting period:
1 October 2023 to 31 March 2024

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This report was filed on 30 April 2024

and approved by Paul Coughlan

Payment statistics

Average time taken to pay invoices: 32 days

Invoices paid:

• within 30 days: 65%
• in 31 to 60 days: 31%
• in 61 days or more: 4%

Invoices due but not paid within agreed terms: 41%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

60 days

Standard payment terms

30 days from invoice date for Supplier invoices. 45 days from invoice date for Sub-Consultant invoices.

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

45 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Arup Group Limited is committed to being financially responsible and acting with integrity. We aim to validate all invoices in a timely manner with any discrepancies or queries being referred to the supplier or subcontractor for resolution or invoice correction. Disputes are typically resolved through discussions with the supplier. Where it is not possible to reach agreement, several potential dispute resolution methods are available for example, mediation, adjudication or expert determination.

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: Department for Business, Energy & Industrial Strategy – 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