# Supplier Early Payment Solutions

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Crown Commercial Service](/buyers/crown-commercial-service/contract-awards)
- Contract winner: Taulia Inc\.
- Award value: £30,000,000
- Tender value: £30,000,000
- Award date: 26 March 2018
- Published: 13 August 2018
- Contract start: 27 March 2018
- Contract end: 26 March 2022
- Stage: awarded
- Procurement category: services
- Notice ID: 458a8b48-f59d-4e0e-b7db-5c0d8f693732-206376
- OCID: ocds-b5fd17-9e4d08f7-e5f0-485b-90f3-59bf1b2805eb

## 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\.

## Related contract awards

- [Construction Professional Services](/contracts/ocds-b5fd17-ef9d53d6-d412-4bf4-a5cc-856df493e69d): Crown Commercial Service
- [Audit and Assurance Services Two \(A&AS2\)](/contracts/ocds-b5fd17-134ddb7b-5d67-4256-819f-96af62f09e23): Crown Commercial Service
- [The Provision of Workday Licences](/contracts/ocds-b5fd17-bf5442b9-cd6a-45f9-8b27-72a80f29e560): Crown Commercial Service
- [NHS Business Services Authority - Pharmacy Early Payments Scheme](/contracts/ocds-b5fd17-57fcc77f-89e5-4d09-90e5-cc04138b4dcb): N H S Business Services Authority

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/458a8b48-f59d-4e0e-b7db-5c0d8f693732-206376)