Award

Confirmation of Payee

H M REVENUE & CUSTOMS

This public procurement record has 1 release in its history.

Award

12 Aug 2021 at 11:35

Award Notice
Summary of the contracting process

The procurement process is conducted by HM Revenue & Customs (HMRC), focused on the "Confirmation of Payee" service aimed at enhancing transaction validation for customers. This procurement falls under the financial information systems sector, with a maximum contract value of £9 million over a two-year period, commencing on 3rd August 2021. The procurement method used is an open procedure, and the contract was awarded on 19th May 2021. The deadline for submitting tenders was 29th March 2021, and the service availability extends to various public sector organisations across the UK.

This tender presents significant growth opportunities for businesses specialising in financial technology and banking services, particularly those able to engage with Open Banking protocols and demonstrate established relationships with participating banks. Companies that can enhance online transaction services or provide reliable fraud prevention mechanisms are especially well-suited to compete. The involvement of public sector organisations further broadens the potential market for bidders, allowing businesses to expand their services across local and national government platforms.

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Notice Information

Notice Title

Confirmation of Payee

Notice Description

HMRC is the UK's tax, payments and customs authority. We collect the money that pays for the UK's public services. Our strategic objectives to help us achieve this, and become a world-class organisation, are: * Maximise revenues and bear down on avoidance and evasion; * Transform tax and payments for our customers; and * Design and deliver a professional, efficient and engaged organisation. Focusing on these objectives the Authority wishes to procure the provision of the service to use Confirmation of Payee (CoP) to make it easier for our customers to make bank transactions to and from the Authority. Individuals and organisations can transact with the Authority via a growing number of online internal and external services, many of which require the user to supply bank account details. These online services currently use industry standard checks, sort code data and third-party APIs to validate bank account details. The addition of CoP service shall allow the Authority to improve this validation process, which consequently will make these online services easier to use and provides additional means for preventing and detecting fraud. Bidders must have an existing relationship with a sponsor who has Open Banking credentials possess access through an authorised participant bank or be able to demonstrate to the Authority that the bidder can ensure a sponsor will be in place before the effective date. Central government strategy is moving towards 'Government as a platform'. As a result, the Authority needs to ensure that it is not limited in how it makes its services available to other government bodies, local government and the wider public sectors. This contract will be enabled for all public sector organisations to use, including but not limited to: Central Government Departments and their arm's length bodies (ALBs), education and higher-education sector, housing associations, NHS trusts, local authorities and charities. The maximum contract value, including the Authority and any other service beneficiaries, will be PS9million over the contract period of two (2) years plus a possible one (1) year extension. The Authority's specific requirement for the Services as a share of the maximum contract value is anticipated to be PS1.7million over the contract period.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5fc526b8-31ed-4f78-bac0-9edc65c3ef46
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6428c9fa-1f16-45b7-9737-59b995ac1031
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

66 - Financial and insurance services

CPV Codes

48812000 - Financial information systems

66110000 - Banking services

66170000 - Financial consultancy, financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£9,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£9,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
12 Aug 20214 years ago
Submission Deadline
29 Mar 2021Expired
Future Notice Date
Not specified
Award Date
18 May 20214 years ago
Contract Period
2 Aug 2021 - 2 Aug 2023 1-2 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
H M REVENUE & CUSTOMS
Contact Name
Bhavina Patel
Contact Email
bhavina.patel1@hmrc.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
M60 9LA
Post Town
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD34 Greater Manchester South West
Delivery Location
Not specified
Local Authority
Salford
Electoral Ward
Ordsall
Westminster Constituency
Salford

Supplier Information

Number of Suppliers
1
Supplier Name

NATIONAL WESTMINSTER BANK

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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