CBRE GWS LIMITED
Company number: 00661449
Reporting period:
1 July 2023 to 31 December 2023
Report filed on:
17 October 2024
Approved by:
Elena Gifon
Payment statistics
Average time taken to pay invoices: 57 days
Invoices paid:
- within 30 days: 31%
- in 31 to 60 days: 39%
- in 61 days or more: 30%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 41%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
60 days net
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
90 days
No further comment provided
Any other information about payment terms
WCP program in place for preferred suppliers which results in payment terms of 45 days.
Dispute resolution process
If any dispute arises in connection with this Agreement then the Parties will (i) first follow the escalation process set out at paragraph 12 under the Working Capital Programme in schedule 1 insofar as the dispute relates to the WCP and/or the calculation of WCP Fees; (ii) if the meeting referred to in this clause (i) fails to resolve the dispute within fifteen (15) Business Days or the dispute does not otherwise relate to the WCP, then either Party shall, by notice in writing, refer the dispute to the Supply Chain Director of CBRE and the Managing Director of the Supplier who shall co-operate in good faith to resolve the dispute as amicably as possible within fifteen (15) Business Days; (iii) The Supplier will continue to perform its obligations under this Agreement until a dispute has been resolved. Each Order will specify the dispute resolution procedure which applies to that Order.
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.
Yes
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