Award

External Debt Recovery Services

UNIVERSITY OF SOUTHAMPTON

This public procurement record has 1 release in its history.

Award

20 Jan 2025 at 11:37

Award Notice
Summary of the contracting process

The University of Southampton has completed the tender for acquiring external debt recovery services, classified under 'Corporate finance and venture capital services.' The contract has been awarded to STA International Limited, a small and medium-sized enterprise (SME). This requirement emerged as part of the University's efforts to manage student debt recovery through a third party after internal measures fail. The procurement method was selective, involving a call-off from a framework agreement. Key dates include the tender period ending on 19th November 2024 and the contract set to run from 25th January 2025 to 24th January 2029, with the base location in Southampton, England.

This contract presents a solid opportunity for businesses specialising in debt recovery and financial services. Companies adept in handling educational institution debts would find this particularly advantageous. SMEs with a robust strategic approach to debt collection and an understanding of the university’s requirements stand to benefit the most. Given the contract duration and the minimum value of £59,415, this long-term engagement could significantly contribute to business growth and portfolio diversification for qualified debt recovery firms.

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Notice Information

Notice Title

External Debt Recovery Services

Notice Description

The University of Southampton is looking to obtain external debt recovery services. Typically, student debt is passed to the Credit Control (CC) team after a set of 4 emailed Dunning reminders have been sent to the student from the Fees team, and where the student has failed to respond. Other situations when student debt is passed to CC will be when a student has requested a bespoke payment plan or has left the UoS and would no longer receive the 4 automated emails from the Fees team. An active telephone, email and letter campaign is then used to target these non-payers to establish a reason for non-payment and ultimately collect the debt. There are times when none of the above actions are successful, and the UoS then requires the assistance of a third party to recover the debt. The Supplier is required to act on the University's behalf to collect overdue student debt which will be a minimum of 60 days old at the time of referral.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-29dbe6f2-832a-4dc1-8bed-5c7690bfe02d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/faf2a197-89e0-4030-9beb-5343b363c6ff
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
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66122000 - Corporate finance and venture capital services

Notice Value(s)

Tender Value
£79,220 Under £100K
Lots Value
Not specified
Awards Value
£79,220 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Jan 20251 years ago
Submission Deadline
19 Nov 2024Expired
Future Notice Date
Not specified
Award Date
19 Jan 20251 years ago
Contract Period
25 Jan 2025 - 24 Jan 2029 4-5 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
UNIVERSITY OF SOUTHAMPTON
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SOUTHAMPTON
Postcode
SO17 1BJ
Post Town
Southampton
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ32 Southampton
Delivery Location
Not specified
Local Authority
Southampton
Electoral Ward
Portswood
Westminster Constituency
Southampton Test

Supplier Information

Number of Suppliers
1
Supplier Name

STA INTERNATIONAL

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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