Calp City Council has reduced the average payment period to suppliers to 2.52 days in the last quarter of 2020. This figure surpasses the city council's previous best, which was 3.03 days in the fourth quarter of 2019.
Thus, the city takes an average of 2.52 days to pay its suppliers, which not only complies with late payment regulations that require public administrations to pay in a period of less than 30 days, but also reduces it significantly. It should be noted that the figure was 44.85 days in the third quarter of 2015 and as high as 1,000 days in 2011.
This is a particularly positive figure in this period, which is marked by the COVID-19 health crisis and when many companies may need cash. In addition, this figure leads to greater confidence in the City Council by businesses and suppliers, is a guarantee of solvency and a guarantee for businesses and companies working with the Consistory. It will also bring greater competition among bidders for public contracts and thus a greater variety of offers and services.