Decision details

Implementation of a Supplier Early Payment

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To seek approval to implement a Supplier Early Payment Initiative for payments to suppliers.

Decision:

Cabinet:

  1. Approved the implementation of a Supplier Early Payment Initiative.
  2. Authorised the Director of Finance in consultation with the Deputy Mayor (with special responsibility for Finance, Governance and Performance) to take all steps required to award the 5 year contract through a compliant public sector framework to Oxygen Finance Ltd with an estimated contract value of £1.5m and progress implementation of the programme including revisions to the associated policies and protocols.

 

Report author: Denise Murray

Publication date: 03/11/2020

Date of decision: 03/11/2020

Decided at meeting: 03/11/2020 - Cabinet

Effective from: 12/11/2020

Accompanying Documents: