---
title: "Early Payment Scheme"
ocid: "ocds-b5fd17-7b6dad2a-df4b-43a2-8a0b-792919fd73dd"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-7b6dad2a-df4b-43a2-8a0b-792919fd73dd"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-7b6dad2a-df4b-43a2-8a0b-792919fd73dd.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-7b6dad2a-df4b-43a2-8a0b-792919fd73dd.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "KENT COUNTY COUNCIL"
published: "2024-05-07"
---

# Early Payment Scheme

Buyer: KENT COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-7b6dad2a-df4b-43a2-8a0b-792919fd73dd

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-7b6dad2a-df4b-43a2-8a0b-792919fd73dd)  
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## Summary

The Kent County Council (KCC) has awarded a contract to Oxygen Finance Limited for an Early Payment Scheme. The scheme is part of a 5-year contract that enables KCC's external suppliers to receive early payments in exchange for an early payment discount. The contract, procured through the NEPO Early Payment Service, falls under the financial and insurance services category. The tender had a selective procurement method and a contract period starting on May 13, 2024, and ending on May 12, 2029.

This procurement opportunity with KCC can benefit businesses seeking to provide financial and insurance services, particularly those well-versed in early payment schemes. The award to Oxygen Finance Limited presents an avenue for business growth by tapping into public sector spend and tender data. Businesses with expertise in recovery audit services may find this contract particularly suited to their service offerings. The location of the contract is in ME14 1XQ, and the deadline for the tender period was on May 1, 2024.

## Notice

Kent County Council (KCC) have appointed Oxygen Finance Limited on a 5-year contract to provide an Early Payment Scheme along with additional associated services. The Early Payment Scheme will enable KCC's external suppliers who choose to participate to be paid earlier than their contracted payment terms in exchange for an early payment discount. The additional services associated with the Early Payment Scheme are Oxygen Finance Insights and a Recovery Audit Service. The Oxygen Finance Insights service allows for public sector organisations to have access to valuable public sector spend and tender data. The Recovery Audit Service allows for Oxygen Finance to carry out recovery audits for KCC. This contract was awarded to Oxygen Finance Limited via the NEPO (North East Procurement Organisation) Early Payment Service (NEPO521).

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/5f9477a8-b6e2-4b9d-b167-0778c9df205e |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 May 2024 |
| Submission deadline | 1 May 2024 |
| Future notice date | Not specified |
| Award date | 2 May 2024 |
| Contract period | 12 May 2024 - 12 May 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,000,000 |
| Lots value | Not specified |
| Awards value | £1,000,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | KENT COUNTY COUNCIL |
| Locality | MAIDSTONE |
| Post town | Rochester |
| Postcode | ME14 1XX |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ4 Kent |
| ITL 3 | TLJ45 Mid Kent |
| Local authority | Maidstone |
| Electoral ward | Penenden Heath |
| Westminster constituency | Maidstone and Malling |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | OXYGEN FINANCE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 7 May 2024 at 10:43 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/5f9477a8-b6e2-4b9d-b167-0778c9df205e

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/5f9477a8-b6e2-4b9d-b167-0778c9df205e
  7th May 2024 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-7b6dad2a-df4b-43a2-8a0b-792919fd73dd. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-7b6dad2a-df4b-43a2-8a0b-792919fd73dd.json.