Planning

Accelerated Payment Solutions

CROWN COMMERCIAL SERVICE

This public procurement record has 1 release in its history.

Planning

19 Aug 2020 at 12:14

Planned Procurement Notice
Summary of the contracting process

The Crown Commercial Service is initiating a planned procurement process titled "Accelerated Payment Solutions" within the banking services industry in the United Kingdom. The tender is in the planning stage and is valued at £80 million, with the contract period set to commence on 20 November 2021 and concluding on 21 November 2025. This procurement will follow an open method, providing a comprehensive suite of early payment solutions, including Supply Chain Finance and Dynamic Discounting. A future notice date is set for 19 November 2021.

This tender represents a significant opportunity for businesses, particularly those specialising in financial services, to participate in public sector contracts. Small and medium-sized enterprises (SMEs) are encouraged to compete, as the procurement framework is designed to support their involvement. Companies with expertise in payment solutions and cash flow management will be well-suited to provide the required services, potentially enhancing their business growth through engagement with public sector clients.

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Notice Information

Notice Title

Accelerated Payment Solutions

Notice Description

A replacement of Supplier Early Payment Solutions RM6001. The aspiration is to deliver a commercial solution that offers a comprehensive suite of early payment solutions to the entire public sector. The overall solution is in its design phase and will include Supply Chain Finance (SCF), Dynamic Discounting (DD) and will look to expand the list of services if the merits can be demonstrated for the public sector. The agreement will also seek to deliver ancillary services to public sector customers that will aid the implementation and or the maximisation of the benefits delivered.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-68d0b961-6344-42f0-a635-61c16c870b67
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/31e17892-55d6-415e-8ee4-ba7fdb0a2d71
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planned Procurement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£80,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
19 Aug 20205 years ago
Submission Deadline
Not specified
Future Notice Date
19 Nov 2021Expired
Award Date
Not specified
Contract Period
20 Nov 2021 - 21 Nov 2025 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
CROWN COMMERCIAL SERVICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LIVERPOOL
Postcode
L3 9PP
Post Town
Liverpool
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
Not specified
Local Authority
Liverpool
Electoral Ward
City Centre North
Westminster Constituency
Liverpool Riverside

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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