Monday, 15 March 2010
Late payment 'Hall of Shame' response |
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Read Rok's response to being entered into the FPB's late payment 'Hall of Shame':
"Rok is not changing its payment terms in respect of existing contracts but has said that any new arrangements with sub contractors will be negotiated on the basis that our standard terms are now 60 days. In fact the vast majority of our suppliers are already paid on these terms which are in line with the majority of our industry.
The only change we are making is to ask our businesses, where they are negotiating new contracts, to make it clear that 60 days is now the standard. Clearly it is not in our interests to upset or disadvantage our supply chain partners with whom we have excellent relationships and on whom we rely to help us deliver an efficient service which is why no changes are being made to existing arrangements and why the terms for all new arrangements will be made clear from the outset." |