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What Are Payment Terms in Public Contracts?
This is a UK procurement term. The contractual rules on how and when a supplier is paid, with implied 30-day terms that flow down the supply chain.
How quickly must public bodies pay?
Public contracts carry implied terms requiring payment of undisputed invoices within 30 days.
Do the terms protect subcontractors?
Yes. The 30-day terms flow down the supply chain into subcontracts for public contracts.
Is payment performance published?
Larger buyers must publish payments compliance notices, showing how promptly they pay suppliers.
