About: Prompt payment

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Prompt payment is a commercial discipline which requires businesses to: * agree fair and reasonable payment terms with their suppliers * ensure suppliers' invoices are approved and paid within agreed terms * encourage adoption of the same practices throughout their supply chain.

Attributes	Values
rdf:type	sport
rdfs:label	Prompt payment (en)
rdfs:comment	Prompt payment is a commercial discipline which requires businesses to: * agree fair and reasonable payment terms with their suppliers * ensure suppliers' invoices are approved and paid within agreed terms * encourage adoption of the same practices throughout their supply chain. (en)
dct:subject	Payments Business terms
Wikipage page ID	46198079 (xsd:integer)
Wikipage revision ID	1124283945 (xsd:integer)
Link from a Wikipage to another Wikipage	Cabinet Office Payments Insurance Invitation to tender Government of the United Kingdom Government procurement in the United States Sisk Group Late Payment of Commercial Debts (Interest) Act 1998 Title 31 of the United States Code Business terms European Union Chartered Institute of Credit Management Executive agencies Supply chain Supply chain management Non-departmental public bodies Small Business, Enterprise and Employment Act 2015 Late Payments Directive Sub-contractor California Legislature
Link from a Wikipage to an external page	https://www.cicm.com
sameAs	Prompt payment Prompt payment Prompt payment Prompt payment
dbp:wikiPageUsesTemplate	dbt:Reflist
has abstract	Prompt payment is a commercial discipline which requires businesses to: * agree fair and reasonable payment terms with their suppliers * ensure suppliers' invoices are approved and paid within agreed terms * encourage adoption of the same practices throughout their supply chain. It is the opposite of late payment, to which the European Union's Late Payments Directive and the Late Payment of Commercial Debts (Interest) Act 1998 in the United Kingdom are directed. Prompt payment may also be contrasted with excessively long or grossly unfair payment terms, such as payment terms in excess of 60 days, even where such terms are honoured by the business making payment. Other terminology adopted to express this discipline includes "fair payment", for example in the construction industry, and "responsible payment", a term used by the UK Government when countering what was seen as a "late payment culture". (en)
gold:hypernym	Discipline
prov:wasDerivedFrom	wikipedia-en:Prompt_payment?oldid=1124283945&ns=0
page length (characters) of wiki page	5905 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Prompt_payment
is Link from a Wikipage to another Wikipage of	Persimmon plc Interserve Costain Group Galliford Try Ministry of Defence (United Kingdom) Construction law Laing O'Rourke Sisk Group Balfour Beatty Late Payment Directive Ferrovial Chartered Institute of Credit Management KBR (company) Severfield FM Conway
is foaf:primaryTopic of	wikipedia-en:Prompt_payment

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