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Supplier Early Payment Solutions

 

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Contract Notice in OJEU

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Description

The Crown Commercial Service (CCS) is developing a solution for Supplier Early Payments.

Supplier Early Payment Solutions (SEPS) will provide our public sector customers with the ability to accelerate invoice payments to their suppliers in advance of the contracted payment term (e.g. 30 days). The Framework Supplier will offer two solutions - Supply Chain Finance and a Discounting Solution.

In Supply Chain Finance, the Customer does not need to use its own funds to pay its Suppliers early, instead relying on the Framework Supplier to provide that funding. There will be a single fixed cost rate (other than one month LIBOR fluctuations) charged by the Framework Supplier to the Customer’s Suppliers for receiving early payment. This includes a Commercial Discount for the Customer and the CCS Management Charge.

The Discounting Solution will allow a Customer to use their own funds to offer early payment to its Suppliers, in return for a discount. The discount will be facilitated by an online portal which allows for dynamic discounting - provided and facilitated by the Framework Supplier. 

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.

This is a single supplier framework and the Framework Supplier will be expected to provide both solutions. The proposed contracting arrangements are for the Framework Agreement to be for an initial period of 36 months with the option to extend for up to one further period of twelve (12) consecutive months, at the Authority's discretion. However individual Call Off Contracts may extend beyond the life of the Framework Agreement.

eTendering Registration

Crown Commercial Service use an eTendering System to conduct all of its procurements.  You will need to be registered to use this eSourcing portal in order to participate in any CCS procurement opportunities, this can be done online at https://gpsesourcing.cabinetoffice.gov.uk

by following the link ‘Register for CCS eSourcing’. Please note that, to register, you must have a valid DUNS number (as provided by Dun and Bradstreet) for the organisation which you are registering, who will be entering into a contract if invited to do so. Full instructions for registration and use of the system can be found at: http://ccs.cabinetoffice.gov.uk/i-am-supplier/respond-tender.

Note that, by registering for the eSourcing Suite in this way, you will then be in a position to express an interest in any future procurements run by Crown Commercial Service.

For technical assistance on use of the e-Sourcing Suite please contact the Crown Commercial Service Support Desk email: eEnablement[at]ccs.gsi.gov[dot]uk

The ITT documentation for this procurement may be freely accessed here: http://ccs-agreements.cabinetoffice.gov.uk/procurement-pipeline

Timescales

Activity

Date

Publication of OJEU notice

24th November 2017

Clarification Period

24th November - 15th December 2017

Deadline for submission of Tenders

29th December 2017 - 15:00hrs