CH2M HILL INTERNATIONAL NUCLEAR SERVICES LTD

Company number: 05532606

Reporting period:
1 July 2019 to 31 December 2019

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

This report was filed on 13 January 2020

and approved by Sally Miles

Payment statistics

Average time taken to pay invoices: 26 days

Invoices paid:

within 30 days: 73%
in 31 to 60 days: 21%
in 61 days or more: 6%

Invoices due but not paid within agreed terms: 6%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

60 days

Standard payment terms

The company does not have a standard contractual length of time for payment of invoices. The procurement team will generally set payment terms in conjunction with the supplier. If terms are not defined by one of the parties the default period will be set to 30 days.

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

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

In the event of an invoice being disputed, the supplier should contact the accounts payable team by email. If the accounts payable team do not know why the invoice has not been approved for payment the matter will be passed to the appropriate department/contact in order to resolve the dispute.

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.

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.

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?