DOCUMENT

Resolution - NIGP Resolution 1022 Prompt Pay-Invoice Payments 1995

  • YEAR CREATED: 1995
  • ENTITY TYPE: Authority: Other
  • TYPE OF DOCUMENT: POL - Policies/Procedures
This document is a resolution titled "PROMPT PAY - INVOICE PAYMENTS" adopted by the Board of Directors of the National Institute of Governmental Purchasing, Inc. on October 7, 1981. The resolution highlights the issue of slow payment of invoices, which hinders competition and leads to increased costs of goods and services. The resolution recommends that the institute's membership inform relevant public officials about the cost benefits that can be achieved by implementing measures to reduce the time required to process and pay invoices. The resolution was reviewed and ratified by the Board of Directors on November 11, 1995.
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