Payments to our suppliers are made by BACS.
Under section 113 (7) of The Public Contract Regulations 2015 there is a requirement for contracting authorities to publish the percentage of invoices paid in accordance with this section for the preceding financial year together with the total amount of interest actually paid and the value of interest that we were potentially liable to pay to suppliers.
Invoices Paid within 30 days
|Interest Paid to Suppliers||
Interest Liable to Pay to Suppliers
During the Financial Year 2017/18 the average length of time taken to pay an invoice was 16 days (in 2016/17 it was 17 days).
In order to comply with the Local Government Transparency Code 2015 we publish our spending data. Please note we have opted to identify grants awarded to voluntary, community or social enterprise organisations within the “Expenditure over £250 reports”. Any relevant payments will be under the department of Member’s Ward Budget.