Award

UK-Salford: Banking Services

H M REVENUE & CUSTOMS

This public procurement record has 1 release in its history.

Award

09 Jun 2017 at 13:03

Award Notice
Summary of the contracting process

The procurement process, titled "UK-Salford: Banking Services," involves H M Revenue & Customs as the buying organisation, which serves as the banking shared service provider to government and the public sector. This tender is in the award stage and is associated with the industry category of banking services, specifically focusing on money transmission services and foreign exchange. The contract, valued at £715,000, commenced on 24 March 2015 and is set to end on 24 March 2022. The tender period concluded on 17 November 2014, and the service delivery address is located in Salford, England.

This tender presents significant opportunities for businesses looking to expand in the public sector, particularly in banking and financial services. Companies capable of providing modern, flexible money transmission and treasury services would have a competitive edge in this procurement. Large financial institutions or specialist firms in foreign exchange, financial transaction processing, and clearing-house services are well-suited to participate in future tenders or similar opportunities within this framework agreement.

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Notice Information

Notice Title

UK-Salford: Banking Services

Notice Description

Government Banking Service - Money Transmission Services. The Government Banking Service was established in April 2008 and is the banking shared service provider to government and the wider public sector. It is part of HM Revenue & Customs and incorporates the Office of HM Paymaster General which has provided banking services to the public sector since 1836.The Government Banking Service's core purposes are to 1) Hold the working balances of HM Government at the Bank of England, 2) To facilitate modern cost effective direct to bank money transmission services for its customers; and 3) To ensure timely and accurate reporting to HM Treasury to help improve Government Cash Management and reduce Government borrowing costs. The services will evolve rapidly over the proposed life of the framework agreement and the Government Banking Service partners will be required to provide flexible, sustainable solutions which help government achieve its 'digital by default' agenda. The partners will be required to ensure government is well positioned to take advantage of the changing payment technology landscape. The contracts awarded provide a pan government framework agreement for use by the UK public sector bodies detailed in the Contract Notice.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-14324c31-6783-481c-9096-6a0112c38735
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/87cf4621-d940-4081-9676-ddff09ddf328
Current Stage
Award
All Stages
Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

66172000 - Financial transaction processing and clearing-house services

66180000 - Foreign exchange services

66600000 - Treasury services

Notice Value(s)

Tender Value
£715,000 £500K-£1M
Lots Value
Not specified
Awards Value
£715,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
9 Jun 20178 years ago
Submission Deadline
17 Nov 2014Expired
Future Notice Date
Not specified
Award Date
12 Mar 201510 years ago
Contract Period
24 Mar 2015 - 24 Mar 2022 Over 5 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
H M REVENUE & CUSTOMS
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SALFORD
Postcode
M60 9LA
Post Town
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD34 Greater Manchester South West
Delivery Location
Not specified
Local Authority
Salford
Electoral Ward
Ordsall
Westminster Constituency
Salford

Supplier Information

Number of Suppliers
1
Supplier Name

CITIBANK N.A., LONDON BRANCH

Further Information

Notice Documents

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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