Cornwall Council publishes performance data for the financial year ending 31 March. This is for payment of valid and undisputed Supplier Invoices within 30 days. This is in accordance with the Public Contracts Regulations 2015 (Regulation 113).
Public Contract Regulations 2015 - Cornwall Council Annual Payment Performance
|
Financial Year |
Proportion of undisputed* Invoices paid within 30 days |
Value of interest** liability of undisputed Invoices paid after 30 days |
Bank of England Base Rate as at 31 March |
Value of identified interest in relation to late payment charges paid to suppliers |
|
2024/25 |
95.92% |
£266,258.98 |
4.50% |
£0.00
|
|
2023/24 |
95.94% |
£358,609.92 |
5.25% |
£0.00
|
|
2022/23 |
96.45% |
£534,551.29 |
4.25% |
£0.00 |
|
2021/22 |
94.01% |
£339,829.09 |
0.75% |
£0.00 |
|
2020/21 |
99.90% |
£1,866.63 |
0.10% |
£831.31 |
|
2019/20 |
99.34% |
£9,769.08 |
0.10% |
£0.00 |
|
2018/19 |
98.94% |
£20,665.27 |
0.75% |
£0.00 |
|
2017/18 |
98.59% |
£22,739.44 |
0.50% |
£0.00 |
|
2016/17 |
98.68% |
£42,001.53 |
0.25% |
£0.00 |
|
2015/16 |
98.52% |
Negligible |
0.50% |
£0.00 |
*80% of Invoices paid by Cornwall Council are imported from different systems into the council's finance system. The imported Invoices cannot identify if an invoice had been disputed before payment.
Between 2015/16 and 2020/21 the following criteria was applied to identify disputed Invoices and is reflected in the figures provided above:
- If an invoice was entered onto the council's finance systems 30 days or more after the invoice date it was excluded from the payment performance.
- Invoices which were not imported to the council's finance system were excluded if they had been identified as disputed.
For 2021/22 onwards the following criteria only is now applied to identify disputed Invoices:
- Invoices which are not imported to the council's finance system are excluded if they have been identified as disputed.
For 2023/24 onwards the following criteria has been applied:
- To include payments to commercial suppliers only.
2024/25 is the final financial year of payment performance publication under the Public Contracts Regulations 2015 (Regulation 113). 2025/26 financial year payment performance will be published under the Procurement Act 2023 requirements.
** Interest calculated at 8% plus Bank of England Base Rate as at 31st March of the Financial Year.