Government ‘gets real’ and drops 95% payment threshold

By Joey Gardiner2019-08-21T05:00:00

Source: Kamui29/shutterstock.com

Threat to bar firms from public jobs will only hit those failing to pay 75% of all invoices within 60 days

The government has pulled back from insisting contractors pay 95% of all invoices within 60 days or risk being thrown off public sector jobs after admitting the target was too high.

Earlier this year the Cabinet Office said that from next month firms could be frozen out of new public sector jobs unless they hit the 95% target in their two previous six-month reporting periods.

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