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Late payers to small business could be barred from public sector contracts

Some of the biggest government contractors face being barred from public sector contracts if they fail to start paying small businesses on time.

Late payers to small business could be barred from public sector contracts
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Late payers to small business could be barred

From September, outsourcers which do not pay 95pc of small business subcontractors within 90 days could be frozen out of public sector procurement, according to Cabinet Office plans. The rule would apply to all contracts worth more than £5m in the £50bn government procurement sector.

Read more at Small Business

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