Decision details

Accelerated Payment Facility

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To approve a scheme of quicker invoice payments to suppliers which could in turn generate income for the Council.

Decisions:

            The Chief Officer (Governance) introduced the Accelerated Payment Facility report which provided details on how the Council could pay its suppliers more quickly, whilst also potentially generating income.  The full benefits of the scheme were outlined in the report.

 

RESOLVED:

 

(a)       That approval be given to introduce a supplier Accelerated Payment Facility for the Council;

 

(b)       That delegated authority be given to the Chief Officer (Governance) to undertake a procurement exercise and let a contract with a Service Provider in accordance with the principles in the report;

 

(c)        That delegated authority be given to the Chief Officer (Governance) and the Corporate Finance Manager, in consultation with the Cabinet Member for Corporate Management and Assets, to implement the changes required to the Council’s policies and practices as required; and

 

(d)       That a review on performance and impact be carried out within 12   months.

Report author: Gareth Owens

Publication date: 20/02/2019

Date of decision: 19/02/2019

Decided at meeting: 19/02/2019 - Cabinet

Effective from: 28/02/2019

Accompanying Documents:

  • Accelerated Payment Fund