Awarded contract

Early Payment Scheme

Details

Buyer: Kent County Council
Supplier(s): Oxygen Finance Limited
Value: £1,000,000
Duration: 5 years
Topic: Financial and insurance services
Published: 7 May 2024
Source: uk:contracts_finder

Tender 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).

Timeline

Completed: Award published7 May 2024
Current notice
Completed: Award date13 May 2024
Next: Contract expiry date12 May 2029in 3 years

About the buyer

Kent County Council is the local authority for Kent, and advertises its tenders through the Kent Business Portal. Opportunities above a set value threshold appear there, and each listing carries a summary, key dates and the contract period. Suppliers register on the portal before expressing interest in an opportunity. The council follows a fully auditable process that complies with public procurement legislation. Unsuccessful bidders can request feedback on their submission once a decision is made. The Commercial Strategy for 2026 to 2028 aims to simplify procurement processes and engage Kent-based businesses, SMEs and VCSEs early.

UK local government drives £140bn in annual procurement, led by social protection (£66.6bn) and education (£57.1bn).

Over the past 5 years, most of Kent County Council's contract awards have been in construction work, health and social work and business services.

Relevant CPV codes

66000000 · Financial and insurance services

Decision makers

Connect with the people behind this procurement.

Job title	Phone number	Work email
Head of Procurement	+44 •••• ••••••	••••••••@kent-county-council.gov
Commercial Director	+44 •••• ••••••	••••••••@kent-county-council.gov
Procurement Manager	+44 •••• ••••••	••••••••@kent-county-council.gov
Category Lead	+44 •••• ••••••	••••••••@kent-county-council.gov
Senior Buyer	+44 •••• ••••••	••••••••@kent-county-council.gov
Contracts Manager	+44 •••• ••••••	••••••••@kent-county-council.gov