BECHTEL LIMITED
Company number: 00506133
Reporting period:
1 July 2019 to 31 December 2019
Report filed on:
28 January 2020
Approved by:
John Williams
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 91%
- in 31 to 60 days: 7%
- in 61 days or more: 2%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 16%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Bechtel Limited's standard payment terms provide for payment within 30 days from the receipt of a proper invoice (i.e. an invoice submitted in accordance with the agreed requirements). However, Bechtel Limited is flexible in its approach and different payment terms may be negotiated on a case-by-case basis.
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
Bechtel Limited actively seeks to resolve disputes by engaging in dialogue with the supplier(s) in question. Where we are not able to resolve the dispute by dialogue, our contracts provide for resolution of the dispute through some other method, such as litigation or arbitration.
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