Award

Fund Disbursement Solutions

BUCKINGHAMSHIRE COUNCIL

This public procurement record has 1 release in its history.

Award

30 Dec 2022 at 11:45

Award Notice
Summary of the contracting process

The Buckinghamshire Council has awarded a contract for Fund Disbursement Solutions, with a total value of £1,250,000 in financial and insurance services. This procurement opportunity was initiated through Crown Commercial Services (CCS) to provide a funds disbursement service to local authorities in England. The contract period is from 2nd December 2022 to 2nd December 2024, with the tender deadline set for 1st October 2022.

This contract presents a business opportunity for companies involved in financial services that cater to public sector disbursement needs. Small and medium-sized enterprises (SMEs) are particularly encouraged to participate in this service-oriented procurement process, suitable for firms looking to expand their client base and contribute to government initiatives for citizen welfare in England.

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Notice Information

Notice Title

Fund Disbursement Solutions

Notice Description

Crown Commercial Services (CCS) has led the procurement of an aggregated funds disbursement solution on behalf of Local Authorities through CCS Framework Payment Solutions RM3828. A contract has been awarded for a solution to provide a funds disbursement service. CCS announced an aggregated call-off contract was now available for use on 28 October 2022 by local authorities in England to support disbursing payments to citizens through government initiatives. By signing a call off the council are awarding an intention to utilise the services, however it is understood that if there are no funds to disburse then the services cannot be implemented. The contract value as stated in this notice is estimated for the purposes of the aggregation procurement exercise and it may not correspond to the actual spend level as this cannot be anticipated until implementation of the contract.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1cd21560-68b9-4e79-8419-54a46c236362
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1c40caec-aeb8-4c88-8204-8dfe8ca56446
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£1,250,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,250,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
30 Dec 20223 years ago
Submission Deadline
1 Oct 2022Expired
Future Notice Date
Not specified
Award Date
1 Dec 20223 years ago
Contract Period
2 Dec 2022 - 2 Dec 2024 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
BUCKINGHAMSHIRE 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
AYLESBURY
Postcode
HP20 1UA
Post Town
Hemel Hempstead
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ13 Buckinghamshire
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
Buckinghamshire
Electoral Ward
Aylesbury North
Westminster Constituency
Aylesbury

Supplier Information

Number of Suppliers
1
Supplier Name

I-MOVO

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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