Question to the Cabinet Office:
To ask Her Majesty's Government what criteria will be applied in relation to prompt payments in order to establish a company’s eligibility to be awarded Government contracts, once the prompt payment initiative comes into force.
Guidance in Procurement Policy Note 04/18, published in November 2018 sets out how payment approaches can be taken into account in the procurement of central Government contracts (subject to the Public Contracts Regulations 2015) in excess of £5m per annum.
This policy note can be viewed at the following link: https://www.gov.uk/government/publications/procurement-policy-note-0418-taking-account-of-a-suppliers-approach-to-payment-in-the-procurement-of-major-contracts.