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Subcontracting

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I understand that payment of monies to subcontractors should be within 1 month of the provider receiving money from ESFA following an ILR submission - is this correct?

 

Thanks

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Kelly Knights

This has defiantly come up in audits we’ve had and we’ve been asked to evidence this.

I’m going to take a look to see which funding document it’s referenced in, probably ESFA funding rules or the Subcontracting Standard

(Edited)

Deborah Bates

HI, 

See schedule 9 of your ESFA Contract for services - ESFA funding agreements and contracts - GOV.UK (www.gov.uk)

1.8.2. payment provisions such that the Contractor must pay the Subcontractor within 30 days of receiving a valid invoice

Hope this helps.

 

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Yes, it does - thanks very much.