Award

Merchant Services

TORBAY COUNCIL

This public procurement record has 2 releases in its history.

AwardUpdate

21 Nov 2024 at 15:29

Award

16 Dec 2021 at 17:33

Summary of the contracting process

Torbay Council has completed the procurement process for the provision of merchant banking services and payment gateways under the title "Merchant Services". This procurement falls into the Financial and Insurance Services category and took place in the South West region of the United Kingdom. The tender followed a selective procurement method, specifically a call-off from a framework agreement, and transitioned from the tender stage which ended on 30th August 2021 to the award stage with the contract period starting on 1st September 2021 and running until 31st August 2025. Key dates relevant to this process include the award date on 31st August 2021, and the notice publication date on 16th December 2021. The contract's total estimated value is £250,000. The buying organisation's contact point is the Commercial Services team, reachable via telephone at 01803 208517 or email at Commercial.Services@torbay.gov.uk.

This tender presents significant opportunities for large financial institutions capable of delivering comprehensive merchant banking and payment gateway services. Since the procurement method was a call-off from a framework agreement, established firms with experience in similar framework agreements and a solid background in financial and insurance services would find this an advantageous business prospect. The contract’s substantial value of £250,000 over four years ensures a steady workload and potential for long-term business growth, especially for businesses looking to expand their service offerings within the public sector in the South West region.

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Notice Title

Merchant Services

Notice Description

Provision of merchant banking services and payment gateway

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5ebd1130-8514-4440-99e2-7903d9ddafeb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a6a86515-55bd-4fad-93cf-24623cb9bd7b
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£250,000 £100K-£500K
Lots Value
Not specified
Awards Value
£240,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
21 Nov 20241 years ago
Submission Deadline
30 Aug 2021Expired
Future Notice Date
Not specified
Award Date
30 Aug 20214 years ago
Contract Period
31 Aug 2021 - 31 Aug 2025 4-5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
TORBAY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
TORQUAY
Postcode
TQ1 3DR
Post Town
Torquay
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK4 Devon
Small Region (ITL 3)
TLK42 Torbay
Delivery Location
TLK South West (England)

Local Authority
Torbay
Electoral Ward
Tormohun
Westminster Constituency
Torbay

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS BANKING GROUP

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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