Early Payment Scheme
Kent County Council · South East
Key facts
- Contract value
- £1,000,000
- Awarded
- 02 May 2024
- Contract starts
- 12 May 2024
- Contract ends
- 12 May 2029
- Procedure
- Call-off from a framework agreement (framework)
- Buyer type
- Local government
- Source
- Contracts Finder
Awarded to
| Supplier | Value |
|---|---|
| Oxygen Finance Limited | £1,000,000 |
Description
Kent County Council (KCC) have appointed Oxygen Finance Limited on a 5-year contract to provide an Early Payment Scheme along with additional associated services. The Early Payment Scheme will enable KCC's external suppliers who choose to participate to be paid earlier than their contracted payment terms in exchange for an early payment discount. The additional services associated with the Early Payment Scheme are Oxygen Finance Insights and a Recovery Audit Service. The Oxygen Finance Insights service allows for public sector organisations to have access to valuable public sector spend and tender data. The Recovery Audit Service allows for Oxygen Finance to carry out recovery audits for KCC.
This contract was awarded to Oxygen Finance Limited via the NEPO (North East Procurement Organisation) Early Payment Service (NEPO521).
Categories (CPV)
- 66000000 Financial and insurance services
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