Source · Select Committees · Business and Trade Committee
Recommendation 7
7
Accelerate late payment legislation to mandate 30-day terms and require Fair Payments Code Gold.
Recommendation
The Government should accelerate its late payments legislation and mandate 30-day payment terms by the end of this Parliament. In the meantime, procurement rules should be updated to require all large suppliers to have a Fair Payments Code Gold award. (Recommendation, Paragraph 39)