| 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 | 29 Jul 2020 | 34 | 43% | 54% | 3% | 48% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 32 | 56% | 35% | 9% | 20% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 33 | 42% | 53% | 5% | 51% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 30 | 60% | 38% | 2% | 47% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 34 | 42% | 54% | 4% | 43% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days, however specific terms are negotiated depending on the nature of the goods/services supplied and the commercial situation.
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
45
The Company has a dedicated Accounts Payable department which is reachable by phone and email. Vendors with invoice queries need to contact this team. The accounts payable team will reach out to the specific contract manager if it is not clear from the system why the invoice has not yet been approved for payment. Should a contractual dispute arise the company aims to amicably resolve the dispute in accordance with the contract so as to avoid any impact on the timely processing of the payment.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Kazakh Projects Joint Venture Limited is a UK-registered company based at Fluor's Farnborough offices, indicating it forms part of the Fluor corporate group. Companies House lists its nature of business as other business support services. Fluor, the wider group, is a global engineering, procurement and construction company providing EPC, maintenance and project management services across sectors such as energy, mining, infrastructure and life sciences. This entity's name suggests it was established as a joint venture vehicle linked to project activity in Kazakhstan, though no specific project details for this entity are available. It should be understood as a group entity rather than an independently trading operating business.
Generated from the company's website and Companies House records. Sources: fluor.com