Horizon Power would like to thank our valued supply chain partners for your support in helping us to maintain services and supplies during the COVID-19 pandemic.
We understand that COVID-19 has had significant impacts on businesses locally and globally and Horizon Power is taking steps to help its suppliers wherever we can. As a result, we've made some changes to our payment terms provided below.
In accordance with Horizon Power’s Procurement Policy and Treasurer’s Instructions, Horizon Power will apply a blanket reduction of payment terms on its existing and future contracts and purchase orders to 20 Calendar Days or less from 1 July 2020.
- have an existing contract with us and the payment term is less than 20 Calendar Days, the lower payment term will apply instead.
- have an existing contract with us and the payment term is greater than 20 Calendar Days, the reduction in payment terms will apply from 1 July 2020, however please note that we will not be varying the existing agreement.
- are likely to engage with us in the future, all contracts and purchase orders (until further advised by Horizon Power) will apply the reduced payment term from 1 July 2020.
If you are a small to medium sized business, please contact us directly to request further payment term support, such as shortening the payment terms.
Unless you consider your organisation is potentially at serious risk of insolvency or significant financial difficulties as a result of COVID-19, please continue to submit your invoices in the usual way.
These are very unusual and challenging circumstances and we appreciate this means having to adapt to changes as they happen. Please continue to provide your valued goods, services and works to the best of your ability during this time. Horizon Power will keep you updated on further developments.
Your best efforts to support Horizon Power and regional WA are greatly appreciated.