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PP42 April 2012

Payment not being passed along supply chain

15 Jul 2010

Source: PR Web


A public sector initiative to pay invoices within 10 days is not being passed on by main contractors to smaller suppliers, the Forum of Private Business has discovered.

While official figures show most central Government departments pay main contractors within 10 days the Forum understands that some sub-contractors and suppliers have been left waiting for payments for months at a time.

The Forum has suggested that, by ensuring it is passed along the supply chain, prompt payment could be used as an incentive for more small businesses to sub-contract on government-sponsored projects.

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