Framework aims to recover £220m in overcharges - Supply Management

Framework aims to recover £220m in overcharges

Will Green is news editor of Supply Management
26 January 2018

The Crown Commercial Service (CCS) has set up a framework to help public bodies recover cash lost in overcharges and incorrect payments to suppliers.

Spend Analysis and Recovery Services 2 has 19 suppliers including accountancy and audit specialists with expertise across areas such as utilities, telecoms and VAT.

CCS expects the framework to recover more than £220m over the next four years.

Suppliers will work with CCS and public bodies on a no-win no-fee basis to analyse financial transactions and commercial agreements to identify overpayments, errors or financial benefits that have not been previously realised.

Matthew Sparkes, deputy director for financial services at CCS, said: “The use of spend recovery services is commonplace in the private sector, not just to identify and recover valuable funds, but also to understand where to make process improvements that ensure errors won’t happen again.

“By combining our own CCS category expertise with our suppliers’ commercial expertise we can ensure that the public sector pays only for the goods and services it actually receives.”

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