DA from the NEPO521 FW for the Early Payments Solution
Details
- Supplier(s)
- Oxygen Finance Limited
- Value
- £120,000
- Duration
- 5 years
- Topic
- Financial systems software package
- Published
- 5 February 2026
- Source
- uk:contracts_finder
Tender description
NEPO have put in place a framework agreement with Oxygen Finance Limited which allows authorities to enter into a call off agreement for an Early Payments Scheme which allows discounts to be taken from supplier invoices in exchange for early payment. The fee for early payment is a % discount offered against the gross invoice value for payment in advance of the standard 30 days. The discount is calculated dynamically and is proportionate to how many days the payment is accelerated (number of days between invoice receipt and invoice payment sent). The purpose of the programme is to generate new income for the council and to also help suppliers by injecting much needed liquidity into the councils supply chain, and particularly the local economy. Stockton will be working together with Darlington Council to implement the scheme as Xentrall Shared Services act on behalf of both councils for invoice processing. This mobilisation is expected to take circa 6 months. Each council will have a separate contract with the supplier.
Timeline
- Completed: Award date2 February 2026
- Completed: Award published5 February 2026Current notice
- Next: Contract expiry date31 January 2031in 4 years
About the buyer
Stockton Borough Council is a local authority that advertises its tenders through the North East Procurement Organisation, or NEPO. Suppliers register free on NEPO's Open system, where the council advertises contracts and invites tenders. A contract register lists every contract the council has awarded or joined, including framework agreements. The register updates continuously as new contracts are agreed, rather than being published as a static list. Contracts above certain value thresholds require suppliers to register on the Central Digital Platform, introduced under new procurement legislation from February 2025.
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 Stockton Borough Council's contract awards have been in construction work, health and social work and software and information systems.
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@stockton-borough-council.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@stockton-borough-council.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@stockton-borough-council.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@stockton-borough-council.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@stockton-borough-council.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@stockton-borough-council.gov |
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