Contract award · 11 Jun 2026

Early Payment Scheme

South Tyneside Borough Council awarded “Early Payment Scheme” to Oxygen Finance Limited for £1.86m on 11 Jun 2026. Awarded without open competition.

No competitionFinancial & insurance servicesNorth East

Awarded without open competition

Awarded without open competition. The buyer went directly to one or a few suppliers instead of advertising the contract. Procurement rules allow this only in specific cases, such as extreme urgency, when only one supplier can do the work, or for call-offs from an existing framework.

What “without competition” means

Key facts

Buyer
South Tyneside Borough Council · Regional or local authority
Value
£1,858,075
Procedure
Award procedure without prior publication of a call for competition
Sector
Financial & insurance services · Financial and insurance services (CPV 66000000)
Timeline
  1. Contract date11 Jun 2026
  2. Published15 Jun 2026Published 4 days after the contract date

Description

Provision of an early payment scheme

About the supplier

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