Invoice payment performance

Bury Council is committed to ensuring all accurate and appropriate invoices for supplies, works and services are paid promptly in line with our invoice payment policy. Bury Council also complies with the Prompt Payment Code which sets standards for payment practices and best practice and is administered by the Chartered Institute of Credit Management. Our standard payment terms means invoices are normally settled within 30 days, however, in recognition of potential cash flow implications, our policy includes a commitment to pay local small and medium sized enterprises within 10 days of receipt of invoice.

We are happy to report our supplier invoice payment performance, in compliance with Regulation 113 of the Public Contracts Regulations 2015, as follows:

Invoice payment performance
Financial yearProportion of valid and undisputed invoices paid within 30 daysAmount of interest paid to suppliers due to a breach of the requirement in Regulation 113 of PCR2015
2018/1999.09%Nil
2017/1898.54%£1,033.10
2016/1795.59%Nil
2015/1693.01%Nil

 

Contact for Corporate Procurement