Source: https://tendernation.io/opportunities/01a13c29-dd4e-7037-875a-8d908e731e0e/supplier-early-payment-solutions

awarded GB open procedure Suitable for SMEs

# Supplier Early Payment Solutions

[Crown Commercial Service](https://tendernation.io/buyers/crown-commercial-service)

Estimated value

£30,000,000

Published

24 Nov 2017

Deadline

Closed

21 Dec 2017

## Who can bid

- Buyer says suitable for SMEs

    The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid.
- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

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## About this tender

Crown Commercial Service (the Authority) has established a single Supplier Framework Agreement for use by central government and wider public sector organisations (Contracting Authorities) for the

provision of Supplier Early Payment Solutions (SEPS), which will encompass both Supply Chain Finance solution (SCF) and a Discount solution. This Framework Agreement will be managed by the Authority and Call Off Contracts will be managed by Contracting Authorities. This Framework Agreement will provide Contracting Authorities with the ability to pay Suppliers in advance of their contracted payment term (e.g. thirty (30) days). This Framework Agreement will offer the Supplier Early Payment Solutions (SEPS) via an online portal and will enable Contracting Authorities to choose the option(s) that meet their requirements.

Additional information: The Framework Supplier will fund the SCF solution to Contracting Authorities Suppliers. There will be a single fixed cost rate (other than one (1) month GBP LIBOR fluctuations) charged by the Framework Supplier to the Contracting Authorities Supplier for receiving early payment. The Discount solution will enable Contracting Authorities to use their own funds to offer the early payment in return for a discount. The interaction between the Contracting Authorities Supplier and the Framework Supplier shall be facilitated by an online portal which can allow for dynamic discounting. Dynamic discounting means that Contracting Authorities Suppliers are able to select which of its invoices they want paid early and on which date, before their contracted payment term. There may be a need for technical integration into the Contracting Authorities ERP for the supplier online Discount solution.

Read full description

## CPV classification

Financial analysis and accounting software package

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/9e4d08f7-e5f0-485b-90f3-59bf1b2805eb)

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