Award

Transition to GBS Money Transmission Services Lot 2

DEPARTMENT FOR WORK AND PENSIONS

This public procurement record has 1 release in its history.

AwardUpdate

19 Apr 2018 at 09:54

Summary of the contracting process

The tender titled "Transition to GBS Money Transmission Services Lot 2" is issued by the Department for Work and Pensions (DWP), located in Leeds, England. This procurement falls under the category of banking and investment services, with a total contract value of £21 million. The procurement method employed for this tender is selective, specifically a call-off from a framework agreement. The contract period started on 24 March 2015 and is set to end on 24 March 2022. The award for this contract was made on 27 February 2015, and it was published recently for transparency on 19 April 2018.

This tender represents an excellent opportunity for businesses in the financial services sector, particularly those that provide banking and investment solutions. Companies with advanced technological capabilities and experience in government contracts would be well-positioned to compete. With the substantial contract value and strategic importance of the services involved, this procurement could significantly contribute to business growth for successful bidders, especially those looking to establish or expand their presence in the public sector.

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Notice Title

Transition to GBS Money Transmission Services Lot 2

Notice Description

DWP banking services via the GBS Agreement (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).

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-61530acf-ee6e-4ff1-9f54-cf438de33eb6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5c1a0f6d-0330-4ec1-a912-ec77b811942f
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

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£21,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£21,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
19 Apr 20187 years ago
Submission Deadline
28 Jan 2015Expired
Future Notice Date
Not specified
Award Date
27 Feb 201510 years ago
Contract Period
24 Mar 2015 - 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

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR WORK AND PENSIONS
Contact Name
Not specified
Contact Email
crosscutting.technologyp-i@dwp.gsi.gov.uk
Contact Phone
Not specified

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

ROYAL BANK OF SCOTLAND

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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