Tender

Banking and Cash Management, International Oyster (Smartcard) Refund Payments and Securities (Custodian and Settlement) Services

TRANSPORT FOR LONDON

This public procurement record has 2 releases in its history.

Tender

07 May 2019 at 08:39

Tender Notice
Tender

07 May 2019 at 08:25

Tender Notice
Summary of the contracting process

Transport for London (TfL) is initiating a tender for Banking and Cash Management, International Oyster (Smartcard) Refund Payments, and Securities (Custodian and Settlement) Services. This procurement is classified under banking services, with a total estimated value of £3,500,000. The contract period will commence on 1st April 2020 and last for five years, with an option to extend for an additional two years. The current stage of this tender is active, with submissions required by the end date of 31st May 2019. The procurement will follow a selective method, specifically a Restricted procedure, in compliance with the Public Contracts Regulations 2015.

This tender represents significant opportunities for businesses in the banking and financial services sector, particularly those specialising in cash management and custodial services. The competitive nature of the tender process also encourages collaboration and innovation, making it suitable for larger firms with the capacity to meet TfL's high standards and deliver best value outcomes. Companies well-versed in the specifics of public sector contracts and financial services will be particularly well-positioned to compete effectively for this opportunity.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Banking and Cash Management, International Oyster (Smartcard) Refund Payments and Securities (Custodian and Settlement) Services

Notice Description

Transport for London (TfL) as the Contracting Authority is putting Contract(s) in place for: i) Banking and Cash Management, ii) International Oyster (Smartcard) Refund Payments; and, iii) Securities (Custodian and Settlement) Services. Each will be in place for five (5) years, with an option to extend one or more of the Contracts for up to a further two (2) years, at the sole discretion of TfL. This is to be conducted in accordance with the Competitive Procedure with Negotiation under Directive 2014/24/EU on the award of public sector contracts, as implemented in the UK by the Public Contracts Regulations 2015. This procurement is being conducted in accordance with TfL's drive to deliver best value whilst meetings its' own requirements. As the end of this procurement process, TfL may choose to award a contract / contracts. Any contract / contracts which TfL awards will be to the tenderer(s), who submitted the most economically advantageous tender(s) (MEAT).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-01214143-f670-4a79-bbe4-c9c81cc05982
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3e4ce53c-7f5e-4a8e-b35c-64bec1325d14
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

66120000 - Investment banking services and related services

Notice Value(s)

Tender Value
£3,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
7 May 20196 years ago
Submission Deadline
31 May 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2020 - 31 Mar 2027 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
TRANSPORT FOR LONDON
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1H 0BD
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-01214143-f670-4a79-bbe4-c9c81cc05982-2019-05-07T09:39:57+01:00",
    "date": "2019-05-07T09:39:57+01:00",
    "ocid": "ocds-b5fd17-01214143-f670-4a79-bbe4-c9c81cc05982",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "TFL001-DN406293-47110253",
        "title": "Banking and Cash Management, International Oyster (Smartcard) Refund Payments and Securities (Custodian and Settlement) Services",
        "description": "Transport for London (TfL) as the Contracting Authority is putting Contract(s) in place for: i) Banking and Cash Management, ii) International Oyster (Smartcard) Refund Payments; and, iii) Securities (Custodian and Settlement) Services. Each will be in place for five (5) years, with an option to extend one or more of the Contracts for up to a further two (2) years, at the sole discretion of TfL. This is to be conducted in accordance with the Competitive Procedure with Negotiation under Directive 2014/24/EU on the award of public sector contracts, as implemented in the UK by the Public Contracts Regulations 2015. This procurement is being conducted in accordance with TfL's drive to deliver best value whilst meetings its' own requirements. As the end of this procurement process, TfL may choose to award a contract / contracts. Any contract / contracts which TfL awards will be to the tenderer(s), who submitted the most economically advantageous tender(s) (MEAT).",
        "datePublished": "2019-05-07T09:25:16+01:00",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66110000",
            "description": "Banking services"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "66120000",
                "description": "Investment banking services and related services"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 3500000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Restricted procedure",
        "tenderPeriod": {
            "endDate": "2019-05-31T23:59:59+01:00"
        },
        "contractPeriod": {
            "startDate": "2020-04-01T00:00:00+01:00",
            "endDate": "2027-03-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/3d437a0e-6531-4a95-a802-ef46fcd9b811",
                "datePublished": "2019-05-07T09:25:16+01:00",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/3e4ce53c-7f5e-4a8e-b35c-64bec1325d14",
                "datePublished": "2019-05-07T09:39:57+01:00",
                "format": "text/html",
                "language": "en"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-CFS-87632",
            "name": "Transport for London",
            "identifier": {
                "legalName": "Transport for London"
            },
            "address": {
                "streetAddress": "55 Broadway",
                "locality": "LONDON",
                "postalCode": "SW1H 0BD",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Alexandra Cuckson",
                "email": "AlexCuckson@tfl.gov.uk",
                "telephone": "+44 2030542992"
            },
            "details": {
                "url": "https://tfl.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-87632",
        "name": "Transport for London"
    }
}