Overview
The guidance documents are intended to provide technical guidance and help with interpretation and understanding of the Procurement Act 2023.
The guidance documents should be read in conjunction with the Procurement Act 2023 and its associated regulations and are aimed at procurement practitioners and commercial policy leads in contracting authorities. They are intended to provide technical guidance and help with interpretation and understanding of the Procurement Act 2023.
The Act requires contracting authorities to accept and process electronic invoices that are in a standardised form and sets out payment terms that apply to a broad range of public sector contracts and sub-contracts.
Ensuring suppliers are paid properly for their work is essential to the successful operation of contracts. It is important that contracting authorities deal with invoices efficiently and effectively and pay their suppliers on time. Doing so benefits suppliers’ cash flow and liquidity, reduces their administrative costs, helps with audits and acts as an incentive for suppliers to bid for future public sector contracts.
Legal framework
- Sections 67 - 68
- Section 73
- Section 88
Other guidance relevant to this area
- Payments compliance notices