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 days
- the amount of interest paid to suppliers due to late payment and
- 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 2019/2020
| Proportion of valid & undisputed invoices paid within 30 days | 80.57% |
|---|---|
| The amount of interest paid to suppliers due to a breach of the requirement | £724.08 |
| The amount of interest that the Authority was liable to pay | £851,820.54 |
Financial year 2018/2019
| Proportion of valid & undisputed invoices paid within 30 days | 81.45% |
|---|---|
| The amount of interest paid to suppliers due to a breach of the requirement | £695.64 |
| The amount of interest that the Authority was liable to pay | £841,200.39 |
Financial year 2017/2018
| Proportion of valid & undisputed invoices paid within 30 days | 78.10% |
|---|---|
| The amount of interest paid to suppliers due to a breach of the requirement | £2,428.53 |
| The amount of interest that the Authority was liable to pay | £658,138.79 |