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Within the framework of efforts to combat late payment and in accordance with the principle of transparency, Organic Law 2/2012 of 27 April on budgetary stability and financial sustainability established the obligation for each of the entities comprising the public sector to publish their average supplier payment periods, and introduced a set of automatic and progressive measures aimed at ensuring compliance with regulations on late payment.

The Average Payment Periods (APP) thus constitute an indicator of delays in the settlement of commercial debt and must be calculated in accordance with a common methodology that ensures the consistency of this economic metric across the entire public sector.

On 30 July 2014, Royal Decree 635/2014 was published in the Official State Gazette (BOE), developing the methodology for calculating the average payment period to suppliers of Public Administrations, as well as the conditions and procedure for withholding resources under financing, budgetary stability and financial sustainability frameworks.

This regulation requires the monthly calculation and publication on the institutional website of the average payment periods to suppliers, in accordance with the approved methodology and the publication templates defined by the Ministry of Finance and Public Administrations (MINHAP).

In compliance with this obligation, IFEMA MADRID provides access to the corresponding average payment periods.

In compliance with Title I of Law 19/2013, of 9 December, on transparency, access to public information and good governance, and Law 10/2019, of 10 April, on Transparency and Participation of the Community of Madrid, the list of minor contracts of IFEMA MADRID is published on a quarterly basis.