questionText: To ask the Secretary of State for Defence, what steps he is taking to help reduce late payment to SMEs (a) directly contracted by the Ministry of Defence and b) in the supply chain of firms contracted by the Ministry of Defence.
answerText: The Ministry of Defence (MOD) aims to pay 90% of undisputed and valid invoices from small and medium-sized enterprises (SMEs) within five days. In the last quarter of this financial year, over 95% of invoices have been paid within this timescale. Addition...
heading: Ministry of Defence: Billing