Purchase Order Cession Facilitation
As a Supply Chain Management firm, we are aware of challenges faced by small companies in keeping to their contractual obligations. We have observed, among others, that often Contractor fail to supply because of cash flow circumstances and or inability to access credit facilities.
Golden Links Institute intervention takes away the headache relating to supply failures because of failure to access credit by providing the link between the contractor and the creditor of the goods. This arrangement is such that the creditor of the goods (Cessionary) releases the goods on order to the contractor (Cedent) on credit. Once this agreement between the two is in place, we forward to the Contracting Authority for their acknowledgement. The key item in the Cession Agreement is that payment for goods supplied shall be made to the creditor of the goods (Cessionary) who in turn pays the balance to the Cedent (Contractor).
Our intervention is to facilitate this transaction and ensures that all three parties, Cessionary, Cedent and Contracting Authority carry out their obligations in respect of the Cession Agreement. Our facilitation fees are very reasonable. Call us for details.