Procurement

The Supplier Incentive Programme is an early payment programme that gives suppliers the opportunity to be paid earlier than contracted terms. It also allows the council to improve its payment processes.

The Supplier Incentive Programme gives you the option to be paid as soon as the invoice is authorised, ahead of your 30-day terms. You'll need to pay a small, pre-agreed rebate which is applied as the invoice is paid. The rebate is proportionate to the number of days we accelerate the payment by. We aim to pay you on day 10. The rebate is only applied if the invoice is paid earlier than 30 days.

The benefits of the Supplier Incentive Programme (SIP) 

We believe that strong supplier relationships are essential in achieving our strategic goals. We recognise early payment can make a significant impact on the growth and development of your business. With SIP, you’ll benefit from improved cashflow, and reduced time spent chasing payments.

Our partner

We’re working with Oxygen Finance; the leading provider of early payment programmes in the UK. They collaborate with councils across the UK and thousands of suppliers participate in their early payment programmes.

Next steps

You may receive an email from Oxygen Finance who will explain more about the programme with an option to join the programme online – it is a simple and straightforward process that only takes a couple of minutes to complete.

To find out more about the programme, you can:

• visit our Microsite webpage
• email redcar-cleveland@oxygen-finance.com