Early Payment Scheme

Concepts

• maidstone
• finance and insurance
• early payment scheme
• early payment service
• an early payment discount
• their contracted payment terms
• an early payment scheme
• the early payment scheme
• payment
• early

Location

Geochart for 1 buyers and 1 suppliers

Kent County Council

Oxygen Finance

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Leaflet | Map tiles by Stamen Design, under CC BY 3.0. Data by OpenStreetMap, under ODbL.

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).

Award Detail

CPV Codes

• 66000000 - Financial and insurance services