HBC CONSTRUCTION LIMITED

Henry Boot Construction standard supplier payment terms (excluding sub-contractors) are 36 days from date of receipt of invoice. This is subject to anything contained within a specific contract. The due date for these payments is calculated by applying agreed terms to the date of receipt of invoice. If an invoice falls due during a weekend or bank holiday, the payment transaction is executed on the following business day. Henry Boot subcontractor payment terms are in accordance with the UK Construction Act. These terms are calculated from the date of payment notice being submitted to the sub-contractor to clearance of sums, which gives a total of 16 days for cleared payments to be made. All invoices received are required to comply with our invoice requirements, otherwise we reserve the right to not process the document for payment until it has been corrected. Terms are negotiated and agreed with suppliers on initial engagement.

In the event of a complaint or dispute about the payment of an invoice, in the first instance contact should be made with the relevant company’s purchase ledger department to find out what the problem is. If the Purchase Ledger contact is unable to provide the details of the dispute on the invoice, in the second instance, contact should be made with the person who placed the order with the relevant supplier. In respect of suppliers of goods, goods received are inspected and receipted on site with any issues arising communicated to the supplier via telephone or email. For construction related disputes, these are governed by the relevant sub-contract, which complies with the UK Construction Act and may contain more specific procedures or requirements.