Published date: 13 August 2018

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 21 December 2017

Contract summary

Industry

  • Financial analysis and accounting software package - 48440000

  • Financial and insurance services - 66000000

Location of contract

Any region

Value of contract

£30,000,000

Procurement reference

RM6001*

Published date

13 August 2018

Closing date

21 December 2017

Contract start date

6 March 2018

Contract end date

5 March 2021

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No


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.


More information

Previous notice about this procurement

Supplier Early Payment Solutions

  • Opportunity
  • Published 30 November 2017, last edited 30 November 2017

Attachments

Links

Additional text

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.


Award information

Awarded date

26 March 2018

Contract start date

27 March 2018

Contract end date

26 March 2022

Total value of contract

£30,000,000

This contract was awarded to 1 supplier.

Taulia Inc.

Address

1201 Orange Street,
Ste 600 one,
Commerce Center,
Wilmington,
DE 19899
USA

Reference

None

Supplier is SME?

Yes

Supplier is VCSE?

No


About the buyer

Contact name

The Minister for the Cabinet Office acting through CCS

Address

9th Floor, The Capital,
Old Hall Street
Liverpool
L3 9PP
England

Telephone

+44 3450103503

Email

supplier@crowncommercial.gov.uk

Website

www.gov.uk/ccs