Skip to main content

Small Firms (Progress Payments)

Volume 868: debated on Monday 28 January 1974

The text on this page has been created from Hansard archive content, it may contain typographical errors.

52.

asked the Chancellor of the Exchequer whether, in order to prevent small firms from being forced into bankruptcy or liquidation, he will consider arranging for 50 per cent. progress payments against orders to those small firms which are sub-contracting to the Government and to public authorities.

Government contracts frequently include provision for progress payments against expenditure actually incurred, where the length or value of the contract makes it appropriate. Arrangements between contractors and sub-contractors are a matter for them.