It is the policy for the Credit Control Department to Credit Check new sponsors and previous high risk sponsors to manage the risk being taken with the University’s resources.
All Credit Check requests should be forwarded to email@example.com before signing any contracts.
Credit Checks are undertaken using the credit agency Dunn & Bradstreet; here a monthly credit limit is obtained together with other information relating to the sponsor. If the credit limit does not cover the monthly contract values and poses a potential risk, then the department will be required to underwrite the value of the contract (email from the Head of Department will suffice).
The amount underwritten will decrease in value in accordance with the payments received by UCL through the duration of the project.