In Focus Collections
Making a stand against late payment
Government contracts crackdown will help kick out late payers
Mike Cherry National chairman, the Federation of Small Businesses
New prompt-payment rules that were introduced by the government last month excluding big businesses with poor payment practices from lucrative, taxpayer-funded contracts.
Taking ownership We welcome the new administration taking ownership of the late-payment crisis with this crucial step, sending a message that late payments will not be tolerated within government contracts.
Another Carillion We have worked very hard with the Cabinet Office to get to this moment. This will prevent another Carillion,
where payment terms were lengthened as the company fell into difficulty, hoarded taxpayers’ money, and tried to improve its cashflow off the back of its small suppliers.
Sending a message This move sends a message to the wider business community that the government is taking this seriously and those found in breach of the Prompt Payment Code, from the 1 September, will be excluded from bidding for lucrative contracts.
Special measures As late-paying government suppliers are discovered, they must clean up their act by being placed under special measures for the duration of that contract, and then, ultimately, excluded. Measures to open up public procurement will give tax payers and our public services
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access to the innovation and value that small firms bring, as well as helping our economy.
Challenge This is a challenge, and there will be, of course, more work to do, but last month’s announcement is an important step. We will continue to work with the
government on this and further measures to drive out late payments – as outlined in our Fair Pay Fair Play campaign – from the UK economy once and for all. CCR
As late-paying government suppliers are discovered, they must clean up their act by being placed under special measures for the duration of that contract, and then, ultimately, excluded
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