Procurement

Business, Innovation and Skills written question – answered on 12th June 2012.

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Photo of Gordon Banks Gordon Banks Labour, Ochil and South Perthshire

To ask the Secretary of State for Business, Innovation and Skills if he will take steps to ensure that payments to public sector contractors hired by his Department are made within 30 days.

Photo of Mark Prisk Mark Prisk The Minister of State, Department for Business, Innovation and Skills

holding answer 21 May 2012

The Government aims for the public sector to lead the prompt payment agenda by example. Accordingly, central Government Departments are committed to paying 80% of invoices within five days; further, central Government suppliers are contractually required to pay their tier 2 subcontractors within 30 days, driving the benefits of prompt payment down the supply chain. In April 2012, the Department paid 91% of invoices within five days.

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