BREHENY CIVIL ENGINEERING LIMITED

Material Purchase Invoices: Payment terms are agreed with suppliers before commencing business. Terms vary between 7 days from invoice received date (IRD) to 75 days from IRD; the most common payment term in practice is 45 days from month end. Supply and fit sub-contract invoices: Payment terms are agreed with sub-contractors before commencing a project. Terms depend upon the form of Contract and vary between 30 to 60 days. Labour Only sub-contract invoices: Payment is due 14 days from the end of the week which the work undertaken by the sub-contractor relates to.

The payment performance reporting has been prepared on a basis that is consistent with previous submissions, in that they report the time taken between the date of receipt of the initial invoice and the payment date of the approved invoice received from the supplier/subcontractor. Breheny Civil Engineering are now compliant with the standards set out by the Fair Payment Code. The Company has achieved the "Silver Standard". For clarity the data presented in this report is for a combined total as stipulated by Payment Practise Reporting.

Disputes are discussed and resolved between the supplier, our internal finance department, and the procurement department. Once the dispute is resolved, payments are prioritised to mitigate risk of late payment. Sub-contract disputes are discussed and resolved between the subcontractor and the project quantity surveyor.