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2945/MH Facilitation of China Union Pay

UNIVERSITY OF SHEFFIELD

This public procurement record has 1 release in its history.

Award

01 Sep 2021 at 14:26

Award Notice
Summary of the contracting process

The University of Sheffield is seeking to enhance the payment experience for overseas students by facilitating a link to China Union Pay through a selective procurement method. The tender, titled "2945/MH Facilitation of China Union Pay," falls under the financial transaction processing and clearing-house services category. This procurement process is currently at the Award stage, having been completed on August 20, 2021. The awarded contract spans from September 1, 2021, to August 31, 2024, with an estimated contract value of up to £500,000, depending on transaction volumes. The services will primarily be delivered in Yorkshire and the Humber region of the United Kingdom.

This contract presents an excellent opportunity for businesses, particularly small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs), to expand their operations in the financial services industry. Companies specialising in payment processing, transaction management, or those looking to collaborate on innovative financial solutions tailored for international student populations would be particularly well-suited to compete in this tender. By engaging in this contract, qualifying businesses can leverage their expertise to foster growth and establish valuable partnerships with the University of Sheffield.

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Notice Information

Notice Title

2945/MH Facilitation of China Union Pay

Notice Description

The University needed a link to China Union Pay for provision of a better experience for some of our overseas students. A direct award under CCS RM6118 framework agreement was available and used. The level of spend under the resulting 3 year agreement will be dependent on the usage that our students determine, and therefore a range of spend is included in this notice.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-20dc9bfe-1012-4668-9c4d-ef69675c3e2f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b2536456-eca7-4aa2-85d9-8da6c586a9e5
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66172000 - Financial transaction processing and clearing-house services

Notice Value(s)

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

Notice Dates

Publication Date
1 Sep 20214 years ago
Submission Deadline
19 Aug 2021Expired
Future Notice Date
Not specified
Award Date
20 Aug 20215 years ago
Contract Period
1 Sep 2021 - 31 Aug 2024 3-4 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
UNIVERSITY OF SHEFFIELD
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SHEFFIELD
Postcode
S10 2TN
Postcode Area
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
TLE Yorkshire and The Humber
Local Authority
Sheffield
Electoral Ward
Broomhill and Sharrow Vale
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

GPUK LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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