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:
- the percentage of their invoices of suppliers and prime contractors invoices* paid within 30 daysÂ
- the amount of interest paid to suppliers due to late payment andÂ
- 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.
| 1. Proportion of valid & undisputed invoices paid within 30 days in accordance with regulation 113 | 78.10% |
|---|---|
| 2. The amount of interest paid to suppliers due to a breach of the requirement in regulation 113 | £2,428.53 |
| 3. 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 | £658,138.79 |