Award

Merchant Services

EXETER CITY COUNCIL

This public procurement record has 1 release in its history.

Award

20 Aug 2024 at 10:41

Summary of the contracting process

The procurement process for "Merchant Services" conducted by Exeter City Council involved the collection of payments by debit/credit card. This tender falls within the financial and insurance services category, with additional emphasis on financial consultancy and transaction processing services. The procurement stage is complete, and Exeter City Council has awarded the contract to Lloyds Cardnet. The contract, valued at £900,000, spans from 16 July 2024 to 15 July 2030, covering services to be delivered within England, United Kingdom.

This tender creates significant business growth opportunities, particularly for large companies specialising in financial transaction processing and consultancy services. With a substantial contract value and a long-term engagement period of six years, businesses that excel in financial technology and payment processing would find this opportunity particularly beneficial. Additionally, although small and medium-sized enterprises (SMEs) were not deemed suitable for this specific tender, larger financial service providers can leverage this contract to enhance their market presence and establish long-term partnerships with Exeter City Council.

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Notice Title

Merchant Services

Notice Description

Merchant acquirer services - collection of payments by debit/credit card

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0365864e-ff6a-42a4-bf7a-00cb85bc3757
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bb1274a3-8520-4331-8d41-1834e3228454
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

66170000 - Financial consultancy, financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£900,000 £500K-£1M
Lots Value
Not specified
Awards Value
£900,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
20 Aug 20241 years ago
Submission Deadline
15 Jul 2024Expired
Future Notice Date
Not specified
Award Date
14 Jul 20241 years ago
Contract Period
15 Jul 2024 - 15 Jul 2030 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
EXETER CITY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EXETER
Postcode
EX1 1JN
Post Town
Exeter
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK4 Devon
Small Region (ITL 3)
TLK43 Devon CC
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
Exeter
Electoral Ward
St David's
Westminster Constituency
Exeter

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS CARDNET

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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.

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