Award

Payment Solutions

CPS

This public procurement record has 1 release in its history.

Award

19 Aug 2020 at 15:31

Summary of the contracting process

The procurement process has been initiated by the Crown Commercial Service (CPS) for the tender titled "Payment Solutions," classified under "Central bank services." This contract, valued at £60,000, is located in London, England. The procurement method is selective, with the current stage being the Award phase, following the tender which closed on 1st July 2020. The contract period commenced on 1st August 2020 and will run until 31st July 2022, presenting a timeframe for service delivery.

This tender creates significant opportunities for businesses in the financial services sector, particularly those offering innovative payment solutions. Given that the contract has been awarded to a large supplier, Natwest, smaller companies or new entrants may explore similar contracts that emerge from secondary frameworks or local authorities. Engaging with frameworks or demonstrating unique service offerings could position businesses strategically for future bids in this competitive market.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Payment Solutions

Notice Description

Call off contract from CCS Framework RM3828 - Payment Solutions Additional information: Please note that CPS procurement uses an E-tendering system for procurement activities. This is currently provided for be Bravo Solutions. To access appropriate tendering and contractual documents, please access the E-tendering portal at https://cps.bravosolution.co.uk, ensuring that your registration includes "CPS". If you have any problems with this system, please contact Bravo on their telephone helpline number 0800 069 8630 or by emailing help@bravosolution.co.uk.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4c3b277b-b2f0-4244-bfce-f8b736facc0c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e99c4ad8-1ad2-432f-93f4-a5ba1bceac65
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66111000 - Central bank services

Notice Value(s)

Tender Value
£60,000 Under £100K
Lots Value
Not specified
Awards Value
£60,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Aug 20205 years ago
Submission Deadline
1 Jul 2020Expired
Future Notice Date
Not specified
Award Date
17 Jun 20205 years ago
Contract Period
31 Jul 2020 - 31 Jul 2022 1-2 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
CPS
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 9EA
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
Not specified

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

Supplier Information

Number of Suppliers
1
Supplier Name

NATWEST

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-4c3b277b-b2f0-4244-bfce-f8b736facc0c-2020-08-19T16:31:22+01:00",
    "date": "2020-08-19T16:31:22+01:00",
    "ocid": "ocds-b5fd17-4c3b277b-b2f0-4244-bfce-f8b736facc0c",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "tender_245641/880995",
        "title": "Payment Solutions",
        "description": "Call off contract from CCS Framework RM3828 - Payment Solutions Additional information: Please note that CPS procurement uses an E-tendering system for procurement activities. This is currently provided for be Bravo Solutions. To access appropriate tendering and contractual documents, please access the E-tendering portal at https://cps.bravosolution.co.uk, ensuring that your registration includes \"CPS\". If you have any problems with this system, please contact Bravo on their telephone helpline number 0800 069 8630 or by emailing help@bravosolution.co.uk.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66111000",
            "description": "Central bank services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 60000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2020-07-01T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2020-08-01T00:00:00+01:00",
            "endDate": "2022-07-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-98892",
            "name": "CPS",
            "identifier": {
                "legalName": "CPS"
            },
            "address": {
                "streetAddress": "102 Petty France",
                "locality": "London",
                "postalCode": "SW1H 9EA",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "DPU@cps.gov.uk",
                "telephone": "0"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-149670",
            "name": "Natwest",
            "identifier": {
                "legalName": "Natwest"
            },
            "address": {
                "streetAddress": "Level 1, 280 Bishopsgate, London, EC2M 4RB"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-98892",
        "name": "CPS"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-4c3b277b-b2f0-4244-bfce-f8b736facc0c-1",
            "status": "active",
            "date": "2020-06-18T00:00:00+01:00",
            "datePublished": "2020-08-19T16:31:22+01:00",
            "value": {
                "amount": 60000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-149670",
                    "name": "Natwest"
                }
            ],
            "contractPeriod": {
                "startDate": "2020-08-01T00:00:00+01:00",
                "endDate": "2022-07-31T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/e99c4ad8-1ad2-432f-93f4-a5ba1bceac65",
                    "datePublished": "2020-08-19T16:31:22+01:00",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}