Award

DFID 8275 Third Party Money Fund Management Services Contract Award

DEPARTMENT FOR INTERNATIONAL DEVELOPMENT

This public procurement record has 1 release in its history.

Award

09 Aug 2018 at 07:59

Award Notice
Summary of the contracting process

The Department for International Development (DFID) has awarded a contract for the provision of Third Party Money Fund Management Services, titled "DFID 8275 Contract Award". The procurement falls under the services category related to foreign economic aid and involves secure banking and fund distribution services to DFID and its partners. The contract has a total value of £72,000 and is set to commence on 1st August 2018, lasting until 31st July 2020. The procurement process utilised an open procedure, with the tender period ending on 14th May 2018.

This tender presents an opportunity for businesses specialising in financial services, particularly those providing secure banking and fund management solutions. SMEs and voluntary, community, and social enterprises (VCSEs) are encouraged to explore these opportunities, as they are identified as suitable participants. Companies capable of offering robust capabilities in managing and disbursing funds are likely to find a competitive edge in this contract, fostering growth and expanding their service offerings in the international development sector.

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Notice Information

Notice Title

DFID 8275 Third Party Money Fund Management Services Contract Award

Notice Description

DFID seek to engage a Supplier who will provide secure banking and fund distribution services to DFID and its partners. The Supplier will be required to receive Third Party Money (TPM) funds into named project accounts and when required disburse those funds as agreed by DFID and their partners. The aim of the contract is to provide those banking services to DFID and their partners and will allow for the secure collection, holding and disbursement of project funds. Additional information: All relevant information relating to this Contract Notice can be found on the DFID Supplier Portal where suppliers can register their interest directly. If you are not already registered as a supplier on the DFID Supplier Portal please follow the guidance which can be found on the top left of the home page: https://supplierportal.dfid.gov.uk/selfservice/

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-039d412d-4766-4408-a42c-c29095c15c18
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/00ad1f8a-f105-4e98-b1b8-cfb87001c735
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

75 - Administration, defence and social security services

CPV Codes

75211200 - Foreign economic-aid-related services

Notice Value(s)

Tender Value
£72,000 Under £100K
Lots Value
Not specified
Awards Value
£72,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
9 Aug 20187 years ago
Submission Deadline
14 May 2018Expired
Future Notice Date
Not specified
Award Date
30 Jul 20187 years ago
Contract Period
31 Jul 2018 - 31 Jul 2020 2-3 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR INTERNATIONAL DEVELOPMENT
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EAST KILBRIDE
Postcode
G75 8EA
Post Town
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM9 Southern Scotland
Small Region (ITL 3)
TLM95 South Lanarkshire
Delivery Location
Not specified
Local Authority
South Lanarkshire
Electoral Ward
East Kilbride West
Westminster Constituency
East Kilbride and Strathaven

Supplier Information

Number of Suppliers
1
Supplier Name

CROWN AGENTS BANK

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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