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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:
- Approved the implementation of a Supplier Early Payment Initiative.
- 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:
- Decision Pathway Report - Early Payment Initiative (002) MO sign off
PDF 227 KB - Appendix D - Risk Register - Early Payment Initiative
PDF 36 KB
- Appendix E - EqIA Full Form - Early Payment Initiative - redacted signature
PDF 298 KB
- Appendix F - Eco-IA - Early Payment Initiative
PDF 87 KB
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