# Early Payment Scheme

> A sourced UK public sector contract award published by KENT COUNTY COUNCIL.

## Key facts

- Buyer: [KENT COUNTY COUNCIL](/buyers/kent-county-council/contract-awards)
- Supplier: [OXYGEN FINANCE LIMITED](/suppliers/oxygen-finance/public-sector-contract-awards)
- Award value: £1,000,000
- Tender value: £1,000,000
- Award date: 3 May 2024
- Published: 7 May 2024
- Contract start: 13 May 2024
- Contract end: 12 May 2029
- Stage: awarded
- Procurement category: services
- Notice ID: 5f9477a8-b6e2-4b9d-b167-0778c9df205e-748454
- OCID: ocds-b5fd17-7b6dad2a-df4b-43a2-8a0b-792919fd73dd

## Description

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 \(NEPO521\)\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/5f9477a8-b6e2-4b9d-b167-0778c9df205e-748454)