DA from the NEPO521 FW for the Early Payments Solution
Estimated value
£120k
Awarded value
£120k
Suppliers
1
Lots
1
Published
05 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