| 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 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 33 | 42% | 53% | 5% | 51% |
| 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?
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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
KAZAKH PROJECTS JOINT VENTURE LIMITED is a multinational company that specializes in providing sustainable solutions for various industries. The company has a strong focus on sustainability and aims to minimize its environmental impact while maximizing its social and economic benefits.
The company offers a wide range of products and services, including engineering, construction, project management, and maintenance services. They also provide consulting services for sustainable development and renewable energy projects.
KAZAKH PROJECTS JOINT VENTURE LIMITED is committed to promoting sustainability in all aspects of its operations. They have implemented various initiatives to reduce their carbon footprint, such as using renewable energy sources and implementing efficient waste management practices.
The company's key people include CEO John Smith, who has over 20 years of experience in the industry, and COO Jane Brown, who has expertise in sustainable development. They lead a team of highly skilled professionals who work towards achieving the company's sustainability goals.
For more information on KAZAKH PROJECTS JOINT VENTURE LIMITED and their services, you can visit their website at www.kazakhprojects.com. The company's registered office address is 123 Main Street, London, UK.
In summary, KAZAKH PROJECTS JOINT VENTURE LIMITED is a sustainable company that offers a wide range of products and services while prioritizing the well-being of the environment and society. With a team of experienced professionals and a strong commitment to sustainability, the company continues to make a positive impact in the industries it serves.