RIDGE AND PARTNERS LLP

The standard payment terms Ridge and Partners LLP apply to Sub-Consultants services are 45 days from receipt of a properly prepared and submitted invoice. For all other types supplier, we use the payment terms provided by supplier. If no terms are agreed, we default to 30 days from the receipt of a properly prepared and submitted invoice.

The maximum contractual payment period in the reporting period is 60 payment terms, agreed with certain Sub-Consultants.

Any changes to standard terms are notified to the supplier in a letter of instruction.

A Purchase Order is raised for the supply of goods and services, which indicates where invoices should be sent.
Properly prepared and submitted invoices are logged onto the Purchase Ledger within 24 hours of receipt. If the invoice is not properly prepared the supplier is advised of what needs to be done to correct the invoice before resubmission.
Should a dispute arise the supplier should contact the Ridge Purchase Ledger Team by telephone or email and provide details of their concerns.
If the Purchase Ledger Team cannot resolve the issues they will seek assistance from the individual within the business responsible for the ordering and approval of the goods or service supplied.