Supplier Early Payment Solutions

Tender 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.