Award

Mercant Acquiring - non AMEX

TRANSPORT FOR LONDON

This public procurement record has 1 release in its history.

Award

27 Jan 2017 at 09:25

Summary of the contracting process

The procurement process titled "Mercant Acquiring - non AMEX" was conducted by Transport for London (TfL) under the industry category of Banking and Investment Services. This procurement was carried out through a selective method using a negotiated procedure, with a contract value of £380 million. The award was made on 8th November 2016, and the contract period commenced on 1st January 2017, lasting until 31st August 2026. The delivery of services is set to take place in London, United Kingdom.

This tender presents significant growth opportunities for large businesses, particularly those specialising in merchant acquiring services and payment solutions. Companies that can provide comprehensive and efficient banking or payment services, especially those experienced in negotiating high-value contracts, would be well-positioned to compete in future similar tenders. Given the long-term nature of this contract, organisations looking to establish a solid partnership with TfL may find substantial benefits in this sector.

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Notice Title

Mercant Acquiring - non AMEX

Notice Description

Merchant Acquiring Services

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2415f842-4897-4907-86ce-871582bbf704
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a8e32570-9d4c-4bfa-a34f-48d7b16c408d
Current Stage
Award
All Stages
Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£380,000,000 £100M-£1B
Lots Value
Not specified
Awards Value
£380,000,000 £100M-£1B
Contracts Value
Not specified

Notice Dates

Publication Date
27 Jan 20179 years ago
Submission Deadline
8 Nov 2016Expired
Future Notice Date
Not specified
Award Date
8 Nov 20169 years ago
Contract Period
1 Jan 2017 - 31 Aug 2026 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
TRANSPORT FOR LONDON
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
SW1H 0TL
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

BARCLAYS BANK PLC TRADING AS BARCLAYCARD PAYMENT ACCEPTANCE

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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