Tender

GRACE (Government Reporting & Cash Management Environment)

HM REVENUE & CUSTOMS

This public procurement record has 1 release in its history.

Tender

09 Feb 2020 at 11:00

Tender Notice
Summary of the contracting process

The HM Revenue & Customs (HMRC) is currently seeking bids for the "GRACE (Government Reporting & Cash Management Environment)" project, which falls under the Treasury services industry category. This tender is in the active stage of procurement and is being conducted through a selective method with a negotiated procedure. Interested parties should note that the deadline for submission is set for 5th March 2020, with the contract expected to commence on 24th August 2020 and concluding on 23rd August 2025. The solutions required must be capable of handling financial transaction reporting for multiple government department bank accounts and provide data in a banking industry standard format, in various locations including the UK and British Overseas Territories.

This opportunity presents a significant potential for businesses specialising in financial technology and banking solutions, particularly those capable of delivering scalable and flexible reporting tools that meet the rigorous demands of government finance administration. Small and Medium Enterprises (SMEs) are encouraged to apply, as the procurement is open to both larger entities and SMEs alike. Companies with experience in developing comprehensive financial management systems and services that can seamlessly connect with existing banking protocols will find this tender particularly relevant as it aims to enhance governmental cash management operations.

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Notice Information

Notice Title

GRACE (Government Reporting & Cash Management Environment)

Notice Description

Government Banking Service (GBS) require a Financial Transaction Reporting (FTR) solution that can report intraday position data using transactional data which is used to supply HM Treasury with key financial information, allowing them to effectively deliver government cash management objectives. GBS require a solution that can capture and consolidate data for multiple entities (i.e. The Government Departments bank accounts) and return the information in a format acceptable to GBS and HMT. The solution must be banking industry standard, scalable, flexible, easy to maintain and must have the ability to debt and credit customers' accounts using various file uploads. Additionally, it must have the ability to 'zero' customer accounts, GBS currently utilises a SWIFT bureau and continues to require this method of connecting to the banks

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4a7edb8e-b53d-4d10-a1b3-2769a8ede32d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/83d0a67b-4fb9-4c3d-939e-3c3d12dbf25f
Current Stage
Tender
All Stages
Tender

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66600000 - Treasury services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
9 Feb 20206 years ago
Submission Deadline
5 Mar 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
23 Aug 2020 - 23 Aug 2025 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
HM REVENUE & CUSTOMS
Contact Name
Not specified
Contact Email
james.power1@hmrc.gov.uk
Contact Phone
+44788320722

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

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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