Tender

Banking and Merchant Acquire Services

ROYAL BOROUGH OF GREENWICH

This public procurement record has 1 release in its history.

Tender

25 Feb 2020 at 10:18

Summary of the contracting process

The Royal Borough of Greenwich Council is seeking tenders for "Banking and Merchant Acquire Services" within the banking and investment services sector. This opportunity is based in London and is currently at the tender stage, with bids due by 30th March 2020. The total contract value is estimated at £4,000,000, and the services will span from 11th May 2020 to 31st December 2026. The procurement is conducted through an open procedure, allowing providers to bid for either or both lots specified: comprehensive banking services and merchant acquirer services.

This tender represents a significant opportunity for businesses specialising in banking and payment processing solutions, particularly small and medium-sized enterprises (SMEs) that can demonstrate capabilities in managing banking services and payment card processing. Companies that can deliver innovative solutions, including the provision of chip and pin machines, and who are experienced in working with local authorities, will find this tender aligns well with their service offerings, potentially driving growth in the public sector market.

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Notice Title

Banking and Merchant Acquire Services

Notice Description

Royal Borough of Greenwich Council invites providers to tender for the provision of the Banking and Merchant Acquire Services. Lot 1: The provision of the Banking services for a comprehensive money transmission banking service involving maintenance of numerous bank accounts, Faster Payments, handling of paper, BACS and CHAPS clearing, cash processing and other activities associated with local authority banking business and; Lot 2: The Merchant Acquirer Services involving the processing of a variety of payment cards which are accepted by the Councils as payment for services and will include for the provision of chip and pin machines if required. Providers may submit a bid for both or either lot.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-04c70cc8-c266-415d-9d82-b2dd87060954
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/71222978-e20e-47dc-a44f-5dc654a4b4cf
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£4,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
25 Feb 20206 years ago
Submission Deadline
30 Mar 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
10 May 2020 - 31 Dec 2026 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
ROYAL BOROUGH OF GREENWICH
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
SE18 6HQ
Post Town
South East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI51 Bexley and Greenwich
Delivery Location
TLI London

Local Authority
Greenwich
Electoral Ward
Woolwich Arsenal
Westminster Constituency
Greenwich and Woolwich

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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