Going Electric

  20 FEBRUARY, 2018
Going Electric

The British Government has announced that from 2040 it will ban the sale of new petrol and diesel vehicles.

Last year we completed a trial of four different electric vehicles as part of our contract with Manchester University, which has charging points on site. We found that some of the vehicles weren’t suitable for us because of the limits on the mileage per charge. We intend to move forward and lease one vehicle on a two-year basis following the trial and are reviewing opportunities to do the same on other sites over the coming years.

Steven Lucas, our transport manager believes electric vehicles are currently only feasible for servicing single sites with assess to a recharging infrastructure. Having a van making multiple trips across different locations is just not practical as many can only travel around 40 miles per charge under real conditions in winter months. And while the government is set to increase the number of charging points as part of its wider infrastructure investment, it is likely to be a slow burn.

However there is a strong case for using EVs for certain projects, especially as going electric can strengthen your brand among your clients and their customers, and also there are the reduced fuel and tax costs to factor in.

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NEW REPORT: NOVUS ARE AMONGST THE FASTEST PAYERS

Every year, the Government publish figures on the promptness of businesses in paying their suppliers. Having submitted numbers for 2019/2020, Novus ranks amongst the quickest to pay supplier invoices in the industry. Average time taken to pay invoices This is the average elapsed time taken for a business in receipt of goods or services to pay the supplier. Published on 29th July 2020, Novus achieved an average payment time of 33 days against all of its invoices; a number that places the building contractor inside the top 3 organisations of all its major competitors (total 11 compared). In addition, this eclipses the “43 day average” for contractors to pay their suppliers Construction News reported in 2019. The article also indicated the average proportion of invoices not paid to the terms originally set out is 28 per cent, compared to 9% this year for Novus. The importance of quick payments As a company, Novus strives to build strong and trustworthy partnerships with their suppliers, maintaining an open dialogue with its supply chain, and of the belief that quick payments are reflective of mutual respect. The importance of quick payments goes almost without saying in the current climate. The backdrop of Covid-19 Late payment of invoices is a problem for most suppliers of goods and services in any industry, and in a challenging economy, the issue is only heightened. Subsequently, it will probably come as no surprise that late payments and bad debts are the main causes of insolvency in construction companies, contributing almost a quarter of all insolvencies. Publicly available information For further information about average payment times, visit the Government website, specifically the “Check when large businesses pay their suppliers” page. From here you can check the average time it takes for a large business to pay its suppliers and the proportion of payments that it doesn’t pay on time. Specific information about Novus can be found here.

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