Award

COV - Supply of a BACS Bureau Service - AWARD

COVENTRY CITY COUNCIL (COV)

This public procurement record has 2 releases in its history.

AwardUpdate

31 Aug 2023 at 13:05

Award

31 Aug 2023 at 13:04

Summary of the contracting process

The Coventry City Council is awarding a contract for the supply of a BACS Bureau Service. The contract, valued at £226,000 GBP, will replace the expiring contract and commence on 1st January 2024, lasting until 31st March 2033. The Council is located in Coventry, West Midlands, United Kingdom. The procurement method used is a selective process with a tender period ending on 15th May 2023. The main procurement category is financial and insurance services.

This tender by Coventry City Council presents business growth opportunities for BACS registered bureaus to provide their services. Businesses in the financial and insurance services sector, particularly those offering BACS processing services, are well-suited to compete for this contract. With the contract lasting almost a decade, successful bidders can establish long-term relationships with the Council and secure a stable revenue stream for their business.

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Notice Title

COV - Supply of a BACS Bureau Service - AWARD

Notice Description

Coventry City Council is seeking to award a contract for the supply of a BACS Bureau Service. Only BACS registered bureaus will be deemed compliant and so Tenderers who are not BACS registered bureaus should not tender. The contract is to replace the Council's expiring contract. The new contract will require the successful BACS bureau approved scheme to 'go-live' at the Council from the 1st January 2024. Please see the Standard Questionnaire and accompanying documents for more details.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4f6fd930-73e0-4bae-bb2b-7cb8e0a6f94a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/df491256-ffe1-4559-82dc-3c83ca934a72
Current Stage
Award
All Stages
Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£229,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
31 Aug 20232 years ago
Submission Deadline
15 May 2023Expired
Future Notice Date
Not specified
Award Date
7 Aug 20232 years ago
Contract Period
1 Jan 2024 - 31 Mar 2033 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
COVENTRY CITY COUNCIL (COV)
Contact Name
Michael Duffy
Contact Email
michael.duffy@coventry.gov.uk
Contact Phone
024 7697 1414

Buyer Location

Locality
COVENTRY
Postcode
CV1 2GN
Post Town
Coventry
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG33 Coventry
Delivery Location
TLG West Midlands (England)

Local Authority
Coventry
Electoral Ward
St Michael's
Westminster Constituency
Coventry South

Supplier Information

Number of Suppliers
1
Supplier Name

ACCESSPAY

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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