| 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 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 36 | 42% | 50% | 8% | 17% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 29 | 63% | 37% | 1% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard payment periods referred to below for trade contracts and consultant appointments includes the time required for external project monitors to review and report to third party funders and for submissions for drawdowns to be requested and approved. The standard payment period in the company’s standard form of trade contract is 35 days. The standard form trade contract is subject to the terms of the Housing Grants Construction & Regeneration Act 1996 (as amended). The date when a payment in respect of an interim application becomes due is 30 days after the monthly date specified for receipt of a contractor’s interim application (or later receipt). The standard payment period in the company’s standard form of consultant appointment is 35 days. The standard form consultant appointment is subject to the terms of the Housing Grants Construction & Regeneration Act 1996 (as amended). The date when a payment in respect of an application for payment becomes due is 15 days after the monthly date specified for receipt of the consultant’s application for payment (or later receipt). The standard payment period in the company’s standard form of purchase order is 35 days from receipt of a valid invoice.
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
56
CWCL cost managers work closely with contractors and suppliers to seek to agree valuations. Where a dispute does arise the cost manager will review the position and refer the matter to director level where appropriate. Whilst every effort is made to resolve payment disputes quickly, in the event a dispute cannot be resolved by agreement, the standard form trade contract and consultant appointment both include provision for referral to adjudication pursuant to the Housing Grants Construction & Regeneration Act 1996 (as amended). The parties are subject to the laws of England & Wales and the exclusive jurisdiction of the English courts.
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
BRAEBURN ESTATES DEVELOPMENTS (2) LIMITED is a UK-based property development company that focuses on luxury residential and commercial projects. They are committed to sustainability and have implemented various initiatives to reduce their environmental impact.
Their sustainability program includes using energy-efficient materials and implementing sustainable building practices in their projects. They also strive to incorporate green spaces and promote biodiversity in their developments.
The company offers a range of high-end products and services, including luxury apartments, townhouses, and commercial properties. They also provide property management services for their developments.
The key people at BRAEBURN ESTATES DEVELOPMENTS (2) LIMITED include the managing director, David Bellamy, and the chairman, Andrew Dunn. Both have extensive experience in the property development industry.
The company's registered office address is at 55 Baker Street, London, W1U 8EW. Their website, https://braeburnestatesdevelopments.co.uk/, provides information on their projects, services, and sustainability efforts. Customers can contact them via email at info@braeburnestates.co.uk or by phone at +44 (0) 20 7935 4781. Overall, BRAEBURN ESTATES DEVELOPMENTS (2) LIMITED is a reputable and sustainable property development company that offers high-quality products and services.