TIP TRAILER SERVICES UK LIMITED

TIP does not propose one standard term but our most common agreed payment terms is 30 days from the date of invoice. We agree payment terms on a case by case basis dependent on the size of the supplier's business, the services/goods they supply, and the level of spend. This is a mutual arrangement. TIP's payment terms are always based on a number of days after the invoice.

N/A

TIP is proactive in contacting suppliers with reasons why submitted invoices cannot be processed. TIP operates a purchase order system and all suppliers are required to obtain a purchase order prior to invoice. In the event of there being a query relating to a purchase order such as the amount, the supplier is encouraged to contact the relevant branch or Head Office function that issued the purchase order in order to resolve the dispute.
TUP UK has a centralised Accounts Payable function who are always on hand to help suppliers with queries by pointing them to the relevant branch or department and explaining reasons for queried invoices, the department has a dedicated mailbox accountspayable@tipeurope.com. This team will always be able to help advise timescales for payment and query resolution. The TIP AP department clearly communicates the work authorisation process requirement and invoicing requirements to all suppliers. Each payment dispute is individually considered on its own merits.