Award

Overseas Bulk Foreign Exchange Services (Note: Published for completeness, see description for details)

DEPARTMENT FOR WORK AND PENSIONS

This public procurement record has 1 release in its history.

AwardUpdate

18 Apr 2018 at 14:00

Award Notice
Summary of the contracting process

The Department for Work and Pensions is seeking Overseas Bulk Foreign Exchange Services, having initiated this tender process through a selective procurement method by means of a call-off from a framework agreement. The contract period commenced on 30th September 2016 and extends through to 24th March 2022. The procurement falls within the foreign exchange services category and is classified under CPV code 66180000. This contract award, originally not published at the time of award, has been made publicly available as of 18th April 2018 for transparency purposes. Delivery addresses for services include locations across the United Kingdom and various territories.

This procurement presents significant opportunities for businesses with expertise in foreign exchange services, particularly those capable of operating across international markets. Companies that are well-suited to compete include SMEs with experience in financial services and those possessing the capability to manage high-volume currency transactions. Engaging with this contract can facilitate scaling operations and expanding market reach, especially for businesses looking to enhance their service offerings in the financial sector.

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Notice Information

Notice Title

Overseas Bulk Foreign Exchange Services (Note: Published for completeness, see description for details)

Notice Description

GBS Money transmission Services (Lot 3) (This contract award was not published at the time of award. It has been published for transparency purposes to provide a record of existing departmental contracts).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5a2da573-4f4e-4056-a9a3-140fc1a90765
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6158e1d0-ce8a-401d-be29-6598dda86525
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66180000 - Foreign exchange services

Notice Value(s)

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

Notice Dates

Publication Date
18 Apr 20187 years ago
Submission Deadline
31 Aug 2016Expired
Future Notice Date
Not specified
Award Date
29 Sep 20169 years ago
Contract Period
29 Sep 2016 - 24 Mar 2022 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR WORK AND PENSIONS
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS2 7UA
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Little London & Woodhouse
Westminster Constituency
Leeds Central and Headingley

Supplier Information

Number of Suppliers
1
Supplier Name

CITI

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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