Tender

Digital Payment Solution Framework

HYDE HOUSING ASSOCIATION

This public procurement record has 1 release in its history.

Tender

17 Nov 2021 at 12:15

Tender Notice
Summary of the contracting process

The Hyde Housing Association is conducting an open tender process for a Digital Payment Solution Framework, aimed at providing an innovative payment solution to meet specific requirements. This opportunity, classified under financial and insurance services, has a total estimated value of £20 million and encompasses a contract duration of five years, with a potential two-year extension. The tender period concludes on 17 December 2021, with the contract set to commence on 25 January 2022, at their location in London, United Kingdom.

This tender presents significant business growth opportunities particularly for small and medium-sized enterprises (SMEs) specialising in financial technology and digital payment services. Given the competitive nature of the framework, businesses that demonstrate capability in delivering multifaceted payment solutions and possess experience in public sector contracts may find this a fitting opportunity to enhance their market presence. Multiple bids may be accepted; hence a diverse range of service providers could potentially be awarded contracts under this framework.

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Notice Information

Notice Title

Digital Payment Solution Framework

Notice Description

Hyde's intention in respect of this invitation to tender is to procure a digital payment solution to meet the company's listed requirements. Hyde's key aims, objectives and full list of requirements are covered in the ITT document. Hyde intends to enter into a Framework Agreement by going through a full process that will follow UK Procurement legislation under which it intends to issue a call-off contract with the highest ranked Bidder for a period of five (5) years with an option to extend for a further two (2) years. Other successful Bidders may also be issued a contract. Bidders should note that there may be multiple successful parties awarded a place on the framework but, as with any framework, this does not guarantee a call-off contract. The Framework Agreement will last for a period of four (4) years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5abfec06-d387-42e0-98c3-24331f53d516
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3f55f6b5-764b-4483-98df-1ac8b342776d
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
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
£20,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
17 Nov 20214 years ago
Submission Deadline
17 Dec 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
25 Jan 2022 - 24 Jan 2026 4-5 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
HYDE HOUSING ASSOCIATION
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
SE1 9EQ
Post Town
South East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
TLI London
Local Authority
Southwark
Electoral Ward
Borough & Bankside
Westminster Constituency
Bermondsey and Old Southwark

Further Information

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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