How long does Bam Construct UK Limited take to pay its suppliers?

Standard payment terms

BAM Construct & Ventures Ltd agrees payment terms with vendors as part of contract negotiations and in accordance with all applicable statutory and contractual requirements. During the reporting period, the most frequently applied payment terms were as follows: 1) For contracts relating to the supply of goods and services: 30 days. 2) For contracts relating solely to the supply of goods: up to a maximum of 55 days. 3) For contracts associated with qualifying publicly funded projects: 30 days. These terms represent BAM’s standard approach to payment across qualifying contracts, subject to project-specific requirements and contractual agreement.

Dispute resolution

BAM Construct & Ventures Ltd is committed to the fair and transparent treatment of all members of its supply chain. In the first instance, any complaints or disputes relating to payment or contractual matters are addressed by the relevant project team. Where appropriate, Supply Chain Relationship Managers will support the parties in seeking to resolve the issue. If a matter remains unresolved, further resolution will be pursued through informal or formal mechanisms in accordance with the provisions of the contract. This may include escalation to appropriate independent senior management named in the contract and the use of mediation. In the unlikely event that a dispute cannot be resolved through these channels, the matter will be referred to adjudication or, as a final step, determined