Company number: 00411138
and approved by Bronwyn Miller
Average time taken to pay invoices: 53 days
Invoices paid:
Invoices due but not paid within agreed terms: 7%
7 days
90 days
The company operates 2 processes: 1. Purchase Order (mainly plant & material) Payment Terms are agreed with suppliers on a case by case basis. The most commonly used terms are 30 days following the end of month in which the tax point of the supplier invoice falls. The maximum agreed term is 60 days. 2. Sub-contract orders There are two main types of sub-contractors a. Agency Labour Standard terms vary between 7 days and 90 days from the end of month in which the tax point of the invoice falls. The maximum agreed term is 90 days. b. Supply & Fix Standard payment terms and conditions with sub-contractors are agreed at the outset of each contract being placed. The average payment period varies between 30 and 90 days following certification of applications for payment or invoices received from sub-contractor. The maximum agreed term is 60 days.
Answer not provided
N/A
90 days
N/A
N/A
Queries regarding materials and equipment hire are dealt with by the procurement department for resolution with the supplier through dialogue and emails. Queries regarding sub-contract orders are dealt with by the surveyor responsible for the contract with the aim of reaching a resolution within the payment terms. If a dispute cannot be resolved, it is referred to the supply chain director for further escalation.
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