Industry’s cool response to EU Late Payment Directive
02 Apr 2012 Industry’s cool response to EU Late Payment Directive
Business and enterprise minister Mark Prisk has called for businesses to change the “culture of late payment” in the UK.
At Ifftner we go out of our way to ensure prompt and correct payment to our contractors and suppliers.
Where there are difficulties or problems obtaining sign-off from managers we work close with our contractors to fix the issues.
We request approved timesheets and invoices are received Mondays by 4pm and we release a BACS payment on a Wednesday which should give funds in Company bank accounts Fridays, giving a 5 day turnaround
For further information on our Contractor Care Service and testimonials for our payments process please see our Contractor Services section: