Prompt Payment Code - Signatories pledge
- Foilsithe: 13 Bealtaine 2025
- An t-eolas is déanaí: 13 Bealtaine 2025
Code signatories pledge to:
Pay suppliers on time
- within the terms agreed at the outset of the contract, or 30 days, in accordance with legislation
- without attempting to change payment terms retrospectively
- without changing practice on length of payment for smaller companies on unreasonable grounds
Give clear guidance to suppliers
- provide suppliers with clear and easily accessible guidance on payment procedures
- advise them promptly if there is any reason why an invoice will not be paid to the agreed terms
- ensure there is a system for dealing with complaints and disputes which is communicated to suppliers
Code signatories agree to:
Encourage good practice
- by requesting that lead suppliers encourage adoption of the code throughout their own supply chains.