Published reports

BAM CONSTRUCT & VENTURES UK LIMITED

Company number: 03311781

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

Reporting period:

1 January 2025 to 30 June 2025

Report filed on:

30 July 2025

Approved by:

Kim Sides

Payment statistics

Average time taken to pay invoices: 32 days

Total value paid:

within 30 days: £156,882,086 (43%)
in 31 to 60 days: £200,742,189 (55%)
in 61 days or more: £9,992,525 (3%)

Invoices paid:

within 30 days: 69%
in 31 to 60 days: 26%
in 61 days or more: 5%

Late and disputed:

total value of payments due in the reporting period which have not been paid within the agreed period: £41,736,259
payments due in the reporting period which have not been paid within the agreed period: 18%
not made in the reporting period due to a dispute: 3%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Payment terms are agreed with sub-contractors and suppliers as part of contract negotiations and to comply with any statutory and contractual requirements. The most frequently used payment terms in the reporting period for contracts relating to the supply of goods and services are 30 days and for contracts for the Supply of goods, a maximum of 55 days and 30 days when working on a qualifying publicly funded project.

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

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

55 days

No further comment provided

Any other information about payment terms

No further comment provided

Dispute resolution process

BAM Construction and Ventures UK Ltd is committed to the proactive avoidance of disputes. We prioritise early dialogue and aim to resolve issues through direct engagement with the relevant sub-contractor or supplier. Regular discussions are held at senior management level with our key supply chain partners to maintain strong relationships and address matters promptly. Where a resolution cannot be reached through discussion, a range of formal dispute resolution options are available, including mediation, adjudication, expert determination, and litigation.

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.

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.

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.

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?