Prompt Payment Code
Cheetham Hill Construction is a signatory to the Prompt Payment Code.
As a signatory, CHC aims to honour the following:
Pay Suppliers on Time
• within the terms agreed at the outset of the contract
• without attempting to change payment terms retrospectively
• without changing practice on length of payment for smaller companies on unreasonable grounds
Give Clear Guidance to Suppliers
• providing suppliers with clear and easily accessible guidance on payment procedures
• ensuring there is a system for dealing with complaints and disputes which is communicated to suppliers
• advising them promptly if there is any reason why an invoice will not be paid to the agreed terms
Encourage Good Practice
• by requesting that lead suppliers encourage adoption of the code throughout their own supply chains