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Better Payment Practice.
The BPPGs Mission is:
To promote good payment practice amongst all UK businesses & organisations, including increasing awareness of the commercial & ethical benefits for all businesses of paying suppliers promptly on agreed terms.
To produce information & guidance on use of the late payment legislation & on the issue of prompt payment.
To maintain a programme of measures that promote a better payment culture, that is supported by the business community.
The Better Payment Practice Group urge all firms to adopt a responsible attitude to paying on time.
By commiting to the following four point code...
 
As a business we promise to:
1. Agree payment terms at the outset of a deal & stick to them;
2. Explain your payment procedures to suppliers;
3. Pay bills in accordance with any contract agreed with the supplier or as required by law; &
4. Tell suppliers without delay when an invoice is contested, & settle disputes quickly.

The Better Payment Practice Group was formed in 1997 as a partnership between the public & private sectors. Its aim is to improve the payment culture of the UK business community & reduce the incidence of the late payment of commercial debt. This is being achieved through the delivery of a package of measures, including:

 
A Better Payment Practice Code, outlining the principles of good payment procedures, combined with a logo which businesses will be able to use if they adopt the Code, accompanied by a major campaign to highlight the economic reasons for paying on time.
Support for the publication of private & public sector payment performance tables.
An extensive education campaign to help businesses with late payment problems, including free guides on credit management, a website with credit management & debt recovery information & a national seminar programme on credit management.
 
Promoting Awareness of the Late Payment Legislation.
 

           6 Garfield Road, Chingford, London, E4 7DG.

Tel: 020 8533 0516
Fax: 020 8533 1456
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