SELLAFIELD LIMITED

Standard payment terms

Sellafield currently employs three different payment terms that can be considered as standard, as described below:

Net Cash Monthly - Payment is made by the end of the month following the month in which the invoice is dated - this payment term remains in use for contracts / frameworks in place prior to 26/02/2015 – the date upon which the Public Contracts Regulations 2015 came into force. Use of this payment term is diminishing as these legacy contracts / frameworks come to an end.

30 Days from Invoice Validation - Payment is made no later than a period of 30 days from the date on which Sellafield Ltd has determined that the invoice is valid and undisputed. This payment term generally applies to contracts / frameworks placed from 26/02/2015 onwards.

21 Days Net - Payment is made within 21 days of the date of the invoice – this is tailored to take account of the payment process under NEC 3 contract terms and conditions

N/A

Sellafield Limited actively seeks to resolve disputes by discussing them with the relevant supplier(s), typically involving contract management teams from both parties. Where agreement cannot be reached at a working level, the dispute will be discussed between senior representatives of the parties.
Where it is not possible to reach agreement most contracts will contain a dispute resolution procedure, which details the route for mediation, arbitration and bringing a claim in the courts.