| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 42 | 38% | 25% | 37% | 53% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 38 | 54% | 22% | 24% | 46% |
| 01 Jan 2020 - 30 Jun 2020 | 17 Jul 2020 | 52 | 36% | 21% | 43% | 57% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 53 | 38% | 17% | 44% | 63% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 36 | 45% | 20% | 35% | 56% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms for the procurement of goods and services is 60 days end of month from the invoice date. Labour only contractors have standard terms of 30 days end of month from the invoice date. Payment terms are agreed in advance with suppliers by the Procurement team. The most common payment terms in place is 30 days (end of month), however terms range from immediate payment to 90 days (end of month)
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Engie Fabricom endeavours to resolve all disputes in a fair and timely manner. Engie Fabricom actively seeks to resolve disputes by discussing them with the relevant supplier. Supplier statements are reconciled regularly and every effort is made to ensure all missing invoices are investigated. Supplier invoices and payments are controlled by the Accounts Payable Team. They can be contacted on accounts.efab.uk@engie.com or 01469 576411 (calls taken mornings only). Disputed invoices are notified to the supplier by a member of that team or by the relevant Buyer as soon as a discrepancy is noted, and will not be paid until the dispute has been resolved.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
ENGIE FABRICOM UK LIMITED is an active private limited company, incorporated on 1 November 1974, based in the Yorkshire and The Humber region. Registered business activity: Other specialised construction activities not elsewhere classified.
From Companies House records.