Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

U.K. government gets tough on poor payment practices in procurement

Jaclyn Jaeger | April 10, 2018

Suppliers will be excluded from major government contracts if they cannot demonstrate fair and effective payment practices with their sub-contractors, under a package of tough new measures announced by the U.K. government. The measures are designed to level the playing field for small businesses bidding on government contracts.

Other plans include allowing sub-contractors to have greater access to buying authorities to report poor payment performance, signalling the government’s commitment to improving payment practice in the United Kingdom. Further requirements mean suppliers will have to advertise sub-contracting opportunities through the Contracts Finder website, and to provide the government with data showing how businesses in their supply chain, including small businesses, are benefiting from supplying to central government.

On 10 April 2018, the Prime Minister wrote to members of her Cabinet to nominate a “small...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.