Late payers could be banned from public contracts

By Jordan Marshall2018-11-30T13:33:00

Oliver Dowden confirms new prompt payment measures

Companies who pay their subcontractors late could be banned from winning government contracts, the Cabinet Office has confirmed.

Cabinet minister Oliver Dowden has revealed a new prompt payment initiative which will come in to effect in autumn 2019 and aims to ensure the government only does business with companies who pay their suppliers on time.

Dowden said: "Companies providing crucial services to the public sector, like supporting prisons and delivering road infrastructure projects, must be paid on time.

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