Subcontractors: Prompt Payments

Part of Oral Answers to Questions — Finance – in the Northern Ireland Assembly at 2:00 pm on 8th November 2016.

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Photo of Máirtín Ó Muilleoir Máirtín Ó Muilleoir Sinn Féin 2:00 pm, 8th November 2016

It is public procurement policy that first-tier subcontractors are paid within 30 days, and the Central Procurement Directorate (CPD) has implemented a range of measures to ensure that subcontractors are paid promptly.

Most recently, this has included the successful rollout of project bank accounts, as the Member will be aware. However, it also includes other practical measures, such as a requirement for project managers to monitor subcontractor payments at monthly progress meetings with the contractor. There is also a requirement for the client, main contractor and subcontractors to honour payments as they fall due by signing a fair payment charter.