HM Treasury written question – answered on 11th March 2015.

Alert me about debates like this

Photo of Chuka Umunna Chuka Umunna Shadow Secretary of State for Business, Innovation and Skills

To ask Mr Chancellor of the Exchequer, what requirements his Department and its agencies and non-departmental public bodies place on suppliers in respect of their payment terms to subcontractors as part of their standard terms and conditions.

Photo of Andrea Leadsom Andrea Leadsom The Economic Secretary to the Treasury

In line with the Public Contracts Regulations 2015, the standard terms and conditions HM Treasury uses require suppliers to pay subcontractors within 30 days from receipt of a valid invoice.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.