Award

UK-Salford: Banking Services

H M REVENUE & CUSTOMS

This public procurement record has 1 release in its history.

Award

09 Jun 2017 at 13:10

Summary of the contracting process

The procurement process involves H M Revenue & Customs seeking to award a contract for Banking Services in Salford, England, specifically focusing on Money Transmission Services. The contract, valued at £5,000,000, is part of a pan-government framework agreement aimed at modernising payment solutions for the public sector. The procurement method employed is a selective process under a restricted procedure, with the contract period commencing on 24th March 2015 and concluding on 24th March 2022. This process is currently at the award stage, with relevant documents published on 9th June 2017.

This tender presents significant opportunities for businesses engaged in financial transaction processing, treasury services, and foreign exchange services. Companies that are technologically adept and can adapt their banking solutions to comply with the 'digital by default' agenda set by the government would be particularly well-suited to compete. As this framework agreement is designed for use by various UK public sector bodies, it could encourage growth for suppliers looking to expand their governmental contracts portfolio.

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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.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-17ddc8fb-9843-4836-b37e-e54202d925f3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ae724ced-8660-4a0c-ab83-298d091f6b7a
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
£5,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£5,000,000 £1M-£10M
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

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

THE ROYAL BANK OF SCOTLAND

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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