Tender

Payment Provider - PP1078

ORBIT GROUP LIMITED

This public procurement record has 2 releases in its history.

Tender

14 Oct 2024 at 15:32

Tender Notice
Tender

14 Oct 2024 at 15:30

Tender Notice
Summary of the contracting process

Orbit Group Limited, headquartered in Coventry, England, has initiated a tender for the provision of electronic payment services, including Direct Debits, Payment Cards, IVR, Open Banking, Web, and Virtual Terminals, under the title "Payment Provider - PP1078". This tender falls under the industry category of Financial Consultancy, Financial Transaction Processing, and Clearing-house services (CPV 66170000). The tender is currently active and being conducted through an open procedure, with all relevant documents available on the Proactis e-tender procurement portal. The tender period concludes on 13th November 2024, at 12:00 PM UTC. The contract is set to commence on 2nd February 2025 and will run for three years, with the possibility of extension up to six additional years, ultimately concluding on 30th July 2034.

This tender presents substantial opportunities for business growth, particularly for SMEs that specialise in financial transaction processing and electronic payment solutions. With an estimated annual contract value of £500,000, businesses that can deliver innovative and reliable electronic payment solutions will find this tender appealing. Ideal candidates include companies that offer comprehensive payment processing systems and possess the capability to meet the functional and non-functional requirements specified. Competing for this tender could lead to a long-term partnership with Orbit Group Limited, creating avenues for consistent revenue and business expansion.

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Notice Information

Notice Title

Payment Provider - PP1078

Notice Description

Orbit is looking for the provision of Payment services to include Electronic Payment Solution, including Direct Debits & Payment Cards, IVR, Open banking, Web and Virtual Terminals for all Orbit's clients. All the documents are on the e-tender procurement portal "Proactis". Please see the following documents, on the portal, for the full requirement: 4. Specification - Payment Provider 5. Functional requirements - Payment Provider (Q4.2) 6. Non-Functional Requirements - Payment Provider (Q4.3) The contract will be for a period of three (3) years until 30th July 2028, with the option to extend for up to a further six (6) years in biennial (2 year) increments (3+2+2+2) until 30th July 2034. Contract start date TBA, Service Go-Live date is 28th July 2025. The contract value is estimated to be PS500,000 per year.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-50423c77-d5ed-413f-aaa5-5a1031bdf336
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4f8c9157-eb4b-466d-af06-a762306bb6c8
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
14 Oct 20241 years ago
Submission Deadline
13 Nov 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
2 Feb 2025 - 30 Jul 2028 3-4 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
ORBIT GROUP LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
COVENTRY
Postcode
CV3 2SU
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
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Coventry
Electoral Ward
Wyken
Westminster Constituency
Coventry East

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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