Our payment performance on invoices
Public Contracts Regulations Act 2015: Regulation 113
Regulation 113 of the Public Contracts Regulations 2015 requires all contracting authorities to pay undisputed invoices within 30 days. When disputed invoice payments are not paid within this 30-day period, interest becomes payable on the outstanding amount as set out in the Late Payment Legislation.
There is a requirement under Regulation 113(7) of the Public Contracts Regulations Act 2015 that the authority must publicise the following information:
- percentage of Invoices to first tier suppliers/prime contractors of invoices (not under dispute) paid within 30 days
- the total amount of interest that the contracting authority is liable to pay (whether or not paid) due to breach of Regulation 113
- the actual amount of interest paid to suppliers due to a breach of Regulation 113
The following table demonstrates performance against this requirement.
| Financial year | Percentage of invoices paid within 30 days* | Interest (£'s) potentially liable to pay** | Interest (£'s) actually paid to suppliers |
| 2019/20 | 82% | £584,258.00 | £14,013.00 |
| 2020/21 | 70% | £134,691.39 | £77,253.54 |
| 2021/22 | 73% | £154,437.38 | £33,948.67 |
| 2022/23 | 75% | £1,049,573.62 | £11,746.66 |
| 2023/24 | 70% | £1,967,132.49 | £6,819.28 |
Notes:
* The percentage of invoices paid within 30 days relates to the number of invoices paid rather than their value.
** This data includes invoices that may have been in dispute, this value is therefore an overestimate of the potential interest. It is calculated by an analysis of the number of days late the invoices were paid and applying the average Bank of England base rate for the financial year.