Published date: 13 August 2018
Awarded contract - This means that the contract has been awarded to a supplier.
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
-
- 2018-OJS074-165175-en.pdf
- Tender notice
- Contract Award Notice
-
- Taulia Inc - Framework Agreement REDACTED.pdf
- Tender notice
- Taulia Inc - Framework Agreement REDACTED
Links
-
- http://ted.europa.eu/udl?uri=TED:NOTICE:165175-2018:TEXT:EN:HTML
- Award notice
- Contract Award Notice
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
USAReference
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
supplier@crowncommercial.gov.uk
Website
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Closing: 21 December 2017