Score of 84.8/100 qualifies for PaymentCheck Certification
| 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 2020 - 30 Jun 2020 | 25 Jul 2020 | 20 | 78% | 22% | 0% | 22% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 19 | 86% | 7% | 7% | 36% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 25 | 67% | 25% | 8% | 38% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 40 | 55% | 23% | 22% | 54% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 47 | 25% | 52% | 23% | 91% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms for all project work is 40 days as standard . For non project work (eg services) the payment terms vary depending on the nature of the supply and the company involved , but are typically between 0 and 30 days.
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
40
In the event that any invoice submitted by the supplier is rejected by the Company, and the supplier disagrees with the reasons given, then the supplier shall be entitled to appeal to the Company’s Commercial Manager with a request to review the reasons for the rejected invoice. The Company’s Commercial Manager shall consider the supplier’s grounds for appeal in good faith and either uphold the original grounds for rejection of the invoice or authorize payment of the invoice. The Company’s Commercial Manager’s decision on this matter shall be final although the supplier’s rights under the Dispute Resolution clause of the agreement shall not be affected.
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
GPT SPECIAL PROJECT MANAGEMENT LIMITED is a British company that offers project management services for a variety of industries. They specialize in delivering sustainable solutions for their clients and have a strong commitment to environmental responsibility.
Their sustainability program includes a focus on reducing carbon emissions and promoting green technology. They also aim to minimize waste and promote recycling within their own operations.
The company offers a range of products and services, including project planning, risk management, and quality assurance. They also provide training and consultancy services to help clients implement sustainable practices in their own business.
Key people in the company include the managing director, who has over 20 years of experience in project management, and the sustainability manager, who oversees the company's environmental initiatives.
To learn more about GPT SPECIAL PROJECT MANAGEMENT LIMITED and their services, you can visit their website at www.gptspecialprojectmanagement.co.uk. Their registered office address is located at 10-12 Mulberry Close, Bristol, BS1 2DL, United Kingdom.
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