DA from the NEPO521 FW for the Early Payments Solution

Stockton Borough CouncilcontractContracts FinderRef OPEN04022026163821complete

Estimated value

£120k

Awarded value

£120k

Awarded 03 Feb 2026

Suppliers

1

Lots

1

1 awarded

Published

05 Feb 2026

Deadline 01 Feb 2026

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.

Scope

Reference
OPEN04022026163821
Total value
£120,000 excluding VAT
Commercial tool
Standalone contract
Contract dates
02 Feb 2026 to 31 Jan 2031
CPV classifications
48442000

Submission & procedure

Submission deadline
01 Feb 2026, 12:00 pm

Award details

Awarded supplier(s), contract period and value as published in the award notice.

Awarded value

£120k

Award date

03 Feb 2026

Contract start

02 Feb 2026

Contract end

31 Jan 2031