GALLIFORD TRY SERVICES LIMITED

Purchase Ledger (supplier payments) - Payment unless stated otherwise in the Purchase Order will be made 45 days (30 days for small suppliers) after the date of a valid invoice bearing the Purchaser's Purchase Order number provided the Goods have been delivered and all requisite contract documentation submitted in accordance with the Contract prior to receipt of the said invoice.
Sub-contract Ledger - Our standard payment terms are variable and between 30 and 45 days from the measured-to-date dependent on the subcontract agreement
Where obligated by our clients we pass down the client contract payment terms in our subcontract agreements.

The statistical information provided includes payments to both purchase ledger and sub-contract suppliers.

Payments in the 6 months to 31/12/2024 for identifiable supplier companies with under 50 employees (previous 6 months in brackets):
30 Days or Less % of Total: 77% (75%)
31 to 60 Days % of Total : 11% (19%)
After 60 Days % of Total : 12% (6%)
Avg Days to Pay : 35 (30)

The company is now in its third reporting period following the implementation of a new ERP system. As predicted in the last reporting period the system is now stabilised and the improved payment performance in this reporting period underpins the positive development achieved during this stabilisation. The <30 days remains challenging, however, the improvement is encouraging and the work with our supply chain partners to further improve the figures continue unabated.

Galliford Try is committed to fair dealing with all of its supply chain members, and transparency and swift resolution of disputed items are key principles in this process.
Galliford Try has dedicated teams, based at the Shared Service Centre, for dealing with supplier queries and old invoices.
The Reconciliations Team responsible for;
• Formal supplier statement reconciliation, requesting copies of POD’s, invoices and credit notes where differences are identified
The Calls and Supplier Debt Teams responsible for;
• Working with Business units/suppliers to clear invoices on hold and aged invoices