Planning

Cash Bursary Alternatives/PRO/PIN/2021

OPEN UNIVERSITY(THE)

This public procurement record has 1 release in its history.

Planning

16 Mar 2021 at 15:03

Summary of the contracting process

The Open University is currently in the planning stage of a procurement process titled "Cash Bursary Alternatives/PRO/PIN/2021," which aims to explore electronic solutions for supporting students unable to receive bursary payments directly into their bank accounts. Located in Milton Keynes, England, the university has set a deadline for supplier engagement feedback by 23rd April 2021. Potential suppliers should submit their responses via the Open University's e-tendering platform, In-Tend. The procurement falls within the software package and information systems industry category.

This tender presents a valuable opportunity for businesses specialising in software as a service and digital financial solutions. Companies that provide electronic platforms for managing cash credits, virtual wallets, or similar technology will be particularly well-suited to participate. Additionally, those with experience collaborating with educational institutions or offering products that enhance student support services may find this tender aligns with their capabilities, facilitating a potential avenue for business growth in the higher education sector.

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Notice Title

Cash Bursary Alternatives/PRO/PIN/2021

Notice Description

We are requesting information from suppliers about their online electronic solutions or portals to support students who are unable to accept a bursary paid via direct payment into their bank accounts. The OU would like to receive information from suppliers on solutions which deliver support in the same way many Clinical Commissioning Groups and Local Authorities deliver Personal Health Budgets. The OU is open to various solutions such as virtual wallets, limited marketplaces and restricted trading platforms, or other solutions which might support overcoming this problem. Suppliers are requested to respond to this PIN via The Open University's e-tendering website, In-Tend (https://in-tendhost.co.uk/openuniversity). Suppliers should complete and return a Request for Information Response Document by no later that noon on 23rd April 2020. Submissions must be made via the In-Tend correspondence function. The OU is offering a limited number of briefing sessions to suppliers on a first come, first served basis. The purpose of the briefing session is to provide further context to our requirement and for suppliers to ask questions and share some of their solution ideas with us prior to submitting their formal RFI response. The briefing sessions will be on a one-to-one basis. They will be held on the 25th March 2021 and the timeslots available are indicated in the RFI response pack with questions on how to request a session. The sessions will be held via Microsoft Teams. The OU requires a mechanism to provide support to students which doesn't involve directly providing payments to students. We envisage providing an electronic solution which holds cash credits that can be spent on providing products/services to students through the main software/marketplace/portal supplier without the need for The OU to contract with individual suppliers. When a student chooses a product and/or service, this will be provided directly to the student, either by the solution provider or their partners. The solution will also facilitate payment for these items/services from the authorised funds the OU provides. The OU anticipates that this solution will be delivered as an off the shelf, software as a service package, managed by a single vendor.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-58708c25-9d43-4ca0-a373-92604a3ce198
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1fd0c651-64cf-46c0-8107-284bc8dbe86a
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Market Engagement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48000000 - Software package and information systems

Notice Value(s)

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

Notice Dates

Publication Date
16 Mar 20214 years ago
Submission Deadline
Not specified
Future Notice Date
23 Apr 2021Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
OPEN UNIVERSITY(THE)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MILTON KEYNES
Postcode
MK7 6AA
Post Town
Milton Keynes
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ12 Milton Keynes
Delivery Location
Not specified

Local Authority
Milton Keynes
Electoral Ward
Monkston
Westminster Constituency
Milton Keynes Central

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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