Billing
(asked on 3rd March 2015) - View Source
Question to the Ministry of Defence:
To ask the Secretary of State for Defence, what proportion of suppliers to his Department and its agencies and non-departmental public bodies paid subcontractors within 30 days in the last period for which figures are available.
This question was answered on 9th March 2015
The Ministry of Defence (MOD) does not hold information on the payment of subcontractors within 30 days. The MOD does include a standard contract condition on Prompt Payment (Sub-contracts) in all contracts. This condition requires prime contractors to include in sub-contracts a term which obliges them to make payments to their sub-contractors within 30 days of receipt of a valid invoice.