Award

Bank Account Confirmation of Payee (CoP)

FINANCIAL SERVICES COMPENSATION SCHEME LIMITED

This public procurement record has 1 release in its history.

Award

15 Dec 2023 at 15:00

Summary of the contracting process

The Financial Services Compensation Scheme Limited has awarded a contract for Bank Account Confirmation of Payee (CoP) services, valued at £300,000. The procurement method used was selective, involving a call-off from a framework agreement. The contract period is from 24th November 2023 to 23rd November 2024. The award was made on 4th October 2023, and the tender closed on 3rd October 2023.

This tender provides business opportunities for companies offering banking services. Businesses in the financial sector would be well-suited to compete for this contract. The buying organisation, Financial Services Compensation Scheme Limited, located in London, England, sought suppliers for this procurement. This opportunity caters to larger businesses, and it can serve as a significant growth opportunity for the selected supplier.

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Notice Title

Bank Account Confirmation of Payee (CoP)

Notice Description

Bank Account Confirmation of Payee (CoP) allows validation of a Bank Account Name of the depositors against a Sort Code and Account Number of their alternative account details.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-65bbf566-9a1d-4a1c-b720-fb01a01a193c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/45bda404-4dd1-46af-b8a0-b7ab057469ce
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

66110000 - Banking services

Notice Value(s)

Tender Value
£300,000 £100K-£500K
Lots Value
Not specified
Awards Value
£300,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
15 Dec 20232 years ago
Submission Deadline
3 Oct 2023Expired
Future Notice Date
Not specified
Award Date
3 Oct 20232 years ago
Contract Period
24 Nov 2023 - 23 Nov 2024 1-2 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
FINANCIAL SERVICES COMPENSATION SCHEME LIMITED
Contact Name
Sigmund Szabo
Contact Email
procurement@fscs.org.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC3A 7QU
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

PAYPOINT NETWORK

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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