BUILDING DESIGN PARTNERSHIP LIMITED
Company number: 02207415
Reporting period:
1 January 2024 to 30 June 2024
Report filed on:
16 July 2024
Approved by:
Heather Wells
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 85%
- in 31 to 60 days: 11%
- in 61 days or more: 4%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 18%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
BDP's standard payment terms are 30 days. The standard payment term for sub-consultants is 45 days and the standard payment for contract staff is 14 days.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
BDP's business systems are designed to pay suppliers by their due date. If there is a dispute relating to the non-payment of supplier invoices it should be raised with the purchase ledger clerk in the relevant BDP studio who will investigate and resolve the dispute as soon as possible. If the dispute relates to the non-authorisation of supplier invoices it should be raised with the relevant BDP project director or contact that requested the supply and again this will be resolved as soon as possible.
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 Fair 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.
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