DA from the NEPO521 FW for the Early Payments Solution
Reference ocds-b5fd17-c4589b08-29cf-4728-82ab-c366e7015157 · STOCKTON-ON-TEES BOROUGH COUNCIL
Awarded to OXYGEN FINANCE LIMITED for £120,000.
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Amounts and figures
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.
Awards
| Awarded to | Amount | Date |
|---|---|---|
| OXYGEN FINANCE LIMITED | £120,000 | 3 February 2026 |
Official publications
| Medium | Reference | Date |
|---|---|---|
| FTS | a134e21a-9111-429c-afc6-691b345dd3e7-882087 | 5 February 2026 |
| Contracts Finder | a134e21a-9111-429c-afc6-691b345dd3e7-882087 | 5 February 2026 |
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Frequently asked questions
- What is the deadline to bid for this tender?
- The submission deadline is 1 February 2026, 12:00. Check the official source, as dates can be modified.
- What is the estimated value of this tender?
- The estimated value published by the buyer is £120,000.
- Who is the buyer of this tender?
- The contracting authority is STOCKTON-ON-TEES BOROUGH COUNCIL (United Kingdom).
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