Our new payment terms are 1.5%Net15 ACH and Net45 Check with PaymentWorks. UVA is not currently negotiating other payment terms.
UVA’s previous payment term options resulted in several inequities amongst our supplier base that we are now being asked to address by our business community. We have initiated an enterprise approach to payment terms to demonstrate our commitment to equitable treatment of our suppliers.
If you have some special/unique circumstances that we are not aware of, please help us to understand and we may be able to review on a case-by-case basis.