JOHN GRAHAM CONSTRUCTION LIMITED

Company number: NI003503

Reporting period:
1 October 2023 to 31 March 2024

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

This report was filed on 12 April 2024

and approved by Courtney McCormick

Payment statistics

Average time taken to pay invoices: 37 days

Invoices paid:

within 30 days: 43%
in 31 to 60 days: 52%
in 61 days or more: 5%

Invoices due but not paid within agreed terms: 4%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

75 days

Standard payment terms

Payment terms are agreed on a supplier by supplier basis, as part of contract negotiations. The agreed terms will depend on the type of work, size of the company and product or service purchased. The most commonly used payment terms in the period were: - For suppliers, 45 days from end of month of supply. - For subcontractors, 47 days from date of application for payment.

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

60 days

60 days from end of month of supply

Any other information about payment terms

N/A

Dispute resolution process

John Graham Construction Limited is committed to fair treatment of all our suppliers and actively seeks to resolve disputes in a timely manner. Dispute resolution mechanisms are discussed and agreed with suppliers at contract negotiation stage. The initial point of contact for any invoice disputes will be the Accounts Payable team, who if unable to resolve, will escalate the matter to the relevant contract / commercial team and subsequently to Senior Management, should this be required. Where it is not possible to reach a satisfactory agreement, other methods of dispute resolution, such as mediation, adjudication, litigation etc. may be used.

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: 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?