Invoices paid within 30 days

Regulation 113(7) of the Public Contracts Regulations 2015 (and as set out in Procurement Policy Note 03/16 issued by Crown Commercial Services) introduced the following publication requirements:

  • After March 2017, all in-scope organisations must publish, on an annual basis and covering the previous 12 months,
    i) the percentage of their invoices of suppliers and prime contractors invoices* paid within 30 days
    ii) the amount of interest paid to suppliers due to late payment and
    iii) the total amount of interest that the contracting authority was liable to pay (whether or not paid and whether under any statutory or other requirement), due to a breach of Regulation 113.

*Invoices deemed valid and undisputed.

Financial year 2016/2017
i) Proportion of valid & undisputed invoices paid within 30 days in accordance with regulation 113 78.36%
ii) The amount of interest paid to suppliers due to a breach of the requirement in regulation 113 Currently we are unable to identify any payments which have been made specifically as interest due to breach of the requirement in regulations 113.
iii) The amount of interest that the Authority was liable to pay though not necessarily paid to suppliers due to a breach of the requirement in regulation 113 £401,505.98