Award

Supplier Early Payment Solutions

CROWN COMMERCIAL SERVICE

This public procurement record has 3 releases in its history.

Award

13 Aug 2018 at 09:31

Award Notice
TenderAmendment

30 Nov 2017 at 14:40

Tender Notice
Tender

24 Nov 2017 at 15:46

Tender Notice
Summary of the contracting process

The Crown Commercial Service is seeking suppliers for its contract titled "Supplier Early Payment Solutions," aimed at providing Supplier Early Payment Solutions (SEPS) through a single Supplier Framework Agreement. This initiative falls within the financial services sector, specifically classified under CPV code 48440000 (Financial analysis and accounting software package). The procurement process is currently in the Award stage, with a contract value of £30 million. The contract period starts on 6th March 2018 and runs until 5th March 2021. The tender was initially published on 24th November 2017, and the submission deadline for participation was 21st December 2017.

This procurement presents significant opportunities for SMEs within the financial and insurance services industry, especially those specialising in supply chain finance and discount solutions. Businesses that can offer online portals for dynamic discounting and payment facilitation would be particularly well-suited to compete for this contract. By engaging in such frameworks, companies can enhance their service offerings and foster relationships with various public sector organizations, thus driving growth and expanding their market presence.

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Notice Information

Notice Title

Supplier Early Payment Solutions

Notice Description

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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9e4d08f7-e5f0-485b-90f3-59bf1b2805eb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/458a8b48-f59d-4e0e-b7db-5c0d8f693732
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

66 - Financial and insurance services

CPV Codes

48440000 - Financial analysis and accounting software package

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£30,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£30,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Aug 20187 years ago
Submission Deadline
21 Dec 2017Expired
Future Notice Date
Not specified
Award Date
25 Mar 20187 years ago
Contract Period
26 Mar 2018 - 26 Mar 2022 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
CROWN COMMERCIAL SERVICE
Contact Name
The Minister for the Cabinet Office acting through CCS
Contact Email
supplier@crowncommercial.gov.uk
Contact Phone
+44 3450103503

Buyer Location

Locality
LIVERPOOL
Postcode
L3 9PP
Post Town
Liverpool
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
Not specified
Local Authority
Liverpool
Electoral Ward
City Centre North
Westminster Constituency
Liverpool Riverside

Supplier Information

Number of Suppliers
1
Supplier Name

TAULIA

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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