11 January 2008 | Jake Kanter
The OGC has agreed a three-year framework deal with credit information firm Equifax to give public sector buyers access to a catalogue of financial reports on suppliers.
The agreement will enable purchasers in the public sector to obtain intelligence, which contains in-depth financial statistics, statements and county court judgements, on a potential 3.2 million suppliers.
The information comes from Equifax members and the public domain and is then analysed by financial experts and made available for users to download.
The terms of the contract means buyers save money according to the number of documents they download. The more reports they request, the cheaper they become and the discount could rise to 75 per cent.
A spokesperson for the OGC told supplymanagement.com: "This framework will allow public sector buyers a quick and easy solution to their requirements for accessing financial reports of companies, for example potential suppliers, to meet their business needs."