Payment reporting and Prompt Payment Code

We are committed to paying 95% of supply chain invoices within 60 days, and acheiving the new standards announced on 19 January 2021 for suppliers with less than 50 employees.

The table below provides our performance and is followed by a summary of our action plan.

	Published			Published
	1/7/2020 - 31/12/2020			1/1/2020 - 30/6/2020
	% Invoices paid within 60 days	Average days to pay	% of Invoices not paid to terms	% Invoices paid within 60 days	Average days to Pay	% of Invoices not paid to terms
Galliford Try Construction Ltd	92%	41	13%	89%	42	19%
	See below for links to our published data
Galliford Try Infrastructure Ltd	92%	35	11%	90%	36	14%
	See below for links to our published data

Link to published data on gov.uk (GTC 311220)

Link to published data on gov.uk (GTC 300620)

Link to published data on gov.uk (GTI 311220)

Link to published data on gov.uk (GTI 300620)

Our Action Plan covers the following areas:

Continuous process improvement and simplification.
Digitalisation.
Improved liaison with supply chain.
Business intelligence.
Review of our terms.

Primary causes of non-compliance	Actions to address each of the causes
1. Delays in the invoice matching and approval process.	Development of prompt payment 'heat maps' created to drive achievement of targets. Review and improvement of purchase to pay processes, including automation and streamlining. Roll out of invoice "straight-through-processing" where appropriate. Implement additional supplier catalogues to improve invoice matching.
2. Delays in receiving a valid invoice.	Increase receipt of EDI supplier invoices, from c70% in 2019, to over 80% in 2020 and target of 90%+ by end of 2021. Improved invoice rejection reports sent to suppliers (if applicable) to allow rapid fixing and resubmission of incorrect invoices.
3. Delays in resolving invoice queries.	Enhanced business intelligence for invoices on hold. Additional resource dedicated to resolving invoice queries.
4. Poor quality invoices, including missing or incorrect PO numbers quoted, invoices addressed to the incorrect legal entity.	Circulating 'Supplier Golden Rules' guidance on how to get paid promptly, and making the 'rules' available on our supplier portal. Driving use of invoice EDI with automated validation rules. Improved supplier collaboration through our "Advantage through Alignment" initiative.
5. Supplier payment terms in excess of 60 days from receipt of invoice.	The Group plans to review supplier payment terms with a view to reducing terms further.