The 2013 amendments to the Generic Codes closed a loophole that allowed early payment terms for 'Black'-owned businesses in exchange for Preferential Procurement points
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The amendments mean that an organisation may only claim early payment terms from Supplier Development Beneficiaries. Therefore, the following applies to an invoice on which a claim for early payment is going to be made:
The invoice payable for goods or services must appear in an organisation’s TMPS;
Only the amount for early payment terms must reflect.
The Enterprise & Supplier Development Service Desk is available to guide organisations in allocating their spend within this element.