Award

Award of Contract for Cheque Clearing Services

POST OFFICE LIMITED

This public procurement record has 1 release in its history.

Award

07 Jan 2022 at 16:27

Award Notice
Summary of the contracting process

The procurement process is led by Post Office Limited for the award of a contract titled "Award of Contract for Cheque Clearing Services". The project falls within the financial services category, specifically focusing on financial transaction processing and clearing-house services. Situated in the East of England, the procurement method employed is a selective procedure under a restricted threshold. The contract period commenced on 16 December 2021 and is scheduled to run until 16 December 2027, with a minimum contract value of £1,400,000 and an overall value of £3,000,000. The tender submission period concluded on 21 June 2021.

This tender presents significant growth opportunities for businesses in the financial services sector, primarily those that specialise in cheque processing and clearing services. Given the substantial contract value and long duration, larger enterprises with the capability to deliver on complex financial operations would be well-suited to compete for this contract. Additionally, companies with experience in similar service provisions may find this an ideal opportunity to expand their market presence.

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Notice Information

Notice Title

Award of Contract for Cheque Clearing Services

Notice Description

Contract Award notice for the provision of cheque processing and clearing services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5d5445d4-e010-418b-8f48-7b2b9a17bca4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7607e89c-7ffc-48d6-8d04-c008965c6d59
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 (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66172000 - Financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£3,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,400,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
7 Jan 20224 years ago
Submission Deadline
20 Jun 2021Expired
Future Notice Date
Not specified
Award Date
16 Dec 20214 years ago
Contract Period
16 Dec 2021 - 16 Dec 2027 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
POST OFFICE 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
LONDON
Postcode
EC2Y 9AQ
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
Not specified
Local Authority
Islington
Electoral Ward
Bunhill
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
1
Supplier Name

EXELA TECHNOLOGIES

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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