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<p>The Public Contract Regulations 2015 require all contracting authorities to include
30 day payment terms in all public contracts and to ensure these payment terms are
passed down the supply chain.</p><p> </p><p>Interest for late payment will be payable
according to the terms of the particular contract or, in the absence of any express
terms, for contracts for the commercial supply of goods and services, as provided
for in the late payment legislation. Under the Late Payment of Commercial Debts (Interest)
Act 1998, suppliers under such contracts are entitled to statutory interest, and debt
recovery costs, on unpaid invoices.</p><p> </p><p>Where instances of late payment
occur in public sector contracts, suppliers are encouraged to contact the government’s
Mystery Shopper service.</p>
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