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Company number: 04088248

Reporting period:
1 November 2023 to 30 April 2024

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 28 May 2024

and approved by Richard Stearn

Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

Invoices due but not paid within agreed terms: 21 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Berkeley’s standard purchase order payment terms for suppliers requires payment to be made within 30 days from the receipt of a valid invoice. Berkeley’s standard construction contract payment terms for subcontractors is 42 days following the subcontractor’s valid application for payment.

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


Maximum contractual payment period agreed

42 days

Berkeley’s maximum contractual payment period is 42 days. This only applies to relevant subcontractor payments under construction contracts.

Any other information about payment terms

There have been no changes to Berkeley’s standard payment terms within the period

Dispute resolution process

Any dispute or difference between the parties are subject to the laws of England and Wales and the jurisdiction of the English courts. Payment under construction contracts is subject to statutory adjudication pursuant to the Housing Grant, Construction and Regeneration Act 1996. Only a very small proportion of our payments become the subject to the adjudication and/or court proceedings.

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 – Yes – 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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?