Notice Information
Notice Title
INTERNATIONAL PAYMENT SERVICES
Notice Description
The University currently uses a specialist provider to make international payments originating from Sterling. Approximately 670 payments are made annually. Of these, some 15% are euro either through the specialist provider or the University's EUR bank A/C, 16% are US Dollar, 52% Sterling and 17% for all other currencies. Each beneficiary's payment details are emailed to the provider who do money laundering & criminal record checks against each beneficiary, set them up on their system & email confirmation that they're set up. Approved invoices and payment requisitions are received in PDF format, and they are manually input into the providers online platform. 2 main types of payments are required. 1. Payments in a designated currency. 2. payments in a designated currency at a set GBP value. When raising the payment, the beneficiary needs to be able to be selected without having to input all their details for each payment. Authorisation is required on the online platform from the authorised signatories within Finance. When the approver logs in a list of payments to be made should be available with checkboxes so approvals can be done together as well as the option to drill down into the payment to approve. When the payments are released a remittance advice is emailed to the beneficiary by the provider. Payment to the Provider is taken for each payment made by Direct Debit. The Direct Debit must be per payment so the bank transactions can be reconciled to the overseas payments. A manual process follows to update the Ledger. The wire confirmations are downloaded and loaded onto the ledger & are accounted for in GBP once the payment has been sent. The original currency of the transaction is not recorded on the ledger. During the period of the appointment the University expects to place the business that is the subject of this tender with the Appointee, but it reserves the right to place a limited proportion of its business with other providers (e.g., due to the beneficiary country or payment currency). The University would not expect to place such business without first consulting the Appointee and giving the Appointee the opportunity to undertake the business. Additional information: Documents are available via https://in-tendhost.co.uk/bournemouthuniversity Is a Recurrent Procurement Type? : No
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-b5fd17-6aed964b-6eed-442c-a73e-41f1cda66519
- Publication Source
- Contracts Finder
- Latest Notice
- https://www.contractsfinder.service.gov.uk/Notice/d6d952a9-2e44-4cbc-b1d3-c96487f0541c
- Current Stage
- Tender
- All Stages
- Tender
Procurement Classification
- Notice Type
- Tender Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Open
- Procurement Method Details
- Open procedure (below threshold)
- Tender Suitability
- Not specified
- Awardee Scale
- Not specified
Common Procurement Vocabulary (CPV)
- CPV Divisions
66 - Financial and insurance services
-
- CPV Codes
66000000 - Financial and insurance services
Notice Value(s)
- Tender Value
- Not specified
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 25 Apr 20223 years ago
- Submission Deadline
- 29 Apr 2022Expired
- Future Notice Date
- Not specified
- Award Date
- Not specified
- Contract Period
- 1 Jul 2022 - 30 Jun 2029 Over 5 years
- Recurrence
- Not specified
Notice Status
- Tender Status
- Active
- Lots Status
- Not Specified
- Awards Status
- Not Specified
- Contracts Status
- Not Specified
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- BOURNEMOUTH UNIVERSITY
- Contact Name
- Available with D3 Tenders Premium →
- Contact Email
- Available with D3 Tenders Premium →
- Contact Phone
- Available with D3 Tenders Premium →
Buyer Location
- Locality
- BOURNEMOUTH
- Postcode
- BH1 3LH
- Post Town
- Bournemouth
- Country
- England
-
- Major Region (ITL 1)
- TLK South West (England)
- Basic Region (ITL 2)
- TLK6 North Somerset, Somerset and Dorset
- Small Region (ITL 3)
- TLK63 Bournemouth, Christchurch and Poole
- Delivery Location
- TLK South West (England)
-
- Local Authority
- Bournemouth, Christchurch and Poole
- Electoral Ward
- Bournemouth Central
- Westminster Constituency
- Bournemouth West
Further Information
Notice Documents
-
https://www.contractsfinder.service.gov.uk/Notice/d6d952a9-2e44-4cbc-b1d3-c96487f0541c
25th April 2022 - Opportunity notice on Contracts Finder -
https://in-tendhost.co.uk/bournemouthuniversity/aspx/
Additional information on how to apply for this contract
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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.
{
"tag": [
"compiled"
],
"id": "ocds-b5fd17-6aed964b-6eed-442c-a73e-41f1cda66519-2022-04-25T11:20:25+01:00",
"date": "2022-04-25T11:20:25+01:00",
"ocid": "ocds-b5fd17-6aed964b-6eed-442c-a73e-41f1cda66519",
"language": "en",
"initiationType": "tender",
"tender": {
"id": "IT-157-344-PSPD0134",
"title": "INTERNATIONAL PAYMENT SERVICES",
"description": "The University currently uses a specialist provider to make international payments originating from Sterling. Approximately 670 payments are made annually. Of these, some 15% are euro either through the specialist provider or the University's EUR bank A/C, 16% are US Dollar, 52% Sterling and 17% for all other currencies. Each beneficiary's payment details are emailed to the provider who do money laundering & criminal record checks against each beneficiary, set them up on their system & email confirmation that they're set up. Approved invoices and payment requisitions are received in PDF format, and they are manually input into the providers online platform. 2 main types of payments are required. 1. Payments in a designated currency. 2. payments in a designated currency at a set GBP value. When raising the payment, the beneficiary needs to be able to be selected without having to input all their details for each payment. Authorisation is required on the online platform from the authorised signatories within Finance. When the approver logs in a list of payments to be made should be available with checkboxes so approvals can be done together as well as the option to drill down into the payment to approve. When the payments are released a remittance advice is emailed to the beneficiary by the provider. Payment to the Provider is taken for each payment made by Direct Debit. The Direct Debit must be per payment so the bank transactions can be reconciled to the overseas payments. A manual process follows to update the Ledger. The wire confirmations are downloaded and loaded onto the ledger & are accounted for in GBP once the payment has been sent. The original currency of the transaction is not recorded on the ledger. During the period of the appointment the University expects to place the business that is the subject of this tender with the Appointee, but it reserves the right to place a limited proportion of its business with other providers (e.g., due to the beneficiary country or payment currency). The University would not expect to place such business without first consulting the Appointee and giving the Appointee the opportunity to undertake the business. Additional information: Documents are available via https://in-tendhost.co.uk/bournemouthuniversity Is a Recurrent Procurement Type? : No",
"datePublished": "2022-03-31T17:48:50+01:00",
"status": "active",
"classification": {
"scheme": "CPV",
"id": "66000000",
"description": "Financial and insurance services"
},
"items": [
{
"id": "1",
"deliveryAddresses": [
{
"postalCode": "BH1 3LH"
},
{
"countryName": "British Oversea Territories"
},
{
"countryName": "Channel Islands"
},
{
"countryName": "Europe"
},
{
"countryName": "Isle of Man"
},
{
"countryName": "Rest of the World"
},
{
"countryName": "United Kingdom"
},
{
"postalCode": "BH1 3LH"
},
{
"region": "South West",
"countryName": "United Kingdom"
},
{
"postalCode": "BH1 3LH"
},
{
"region": "South West",
"countryName": "United Kingdom"
},
{
"postalCode": "BH1 3LH"
},
{
"region": "South West",
"countryName": "United Kingdom"
},
{
"postalCode": "BH1 3LH"
},
{
"region": "South West",
"countryName": "United Kingdom"
},
{
"postalCode": "BH1 3LH"
},
{
"region": "South West",
"countryName": "United Kingdom"
},
{
"postalCode": "BH1 3LH"
},
{
"region": "South West",
"countryName": "United Kingdom"
}
]
}
],
"procurementMethod": "open",
"procurementMethodDetails": "Open procedure (below threshold)",
"tenderPeriod": {
"endDate": "2022-04-29T12:00:00+01:00"
},
"contractPeriod": {
"startDate": "2022-07-01T01:00:00+01:00",
"endDate": "2029-06-30T23:59:59+01:00"
},
"suitability": {
"sme": false,
"vcse": false
},
"mainProcurementCategory": "services",
"documents": [
{
"id": "1",
"documentType": "tenderNotice",
"description": "Opportunity notice on Contracts Finder",
"url": "https://www.contractsfinder.service.gov.uk/Notice/d6d952a9-2e44-4cbc-b1d3-c96487f0541c",
"datePublished": "2022-03-31T17:48:50+01:00",
"format": "text/html",
"language": "en",
"dateModified": "2022-04-25T11:20:25+01:00"
},
{
"id": "2",
"description": "Additional information on how to apply for this contract",
"url": "https://in-tendhost.co.uk/bournemouthuniversity/aspx/"
}
]
},
"parties": [
{
"id": "GB-CFS-41185",
"name": "Bournemouth University",
"identifier": {
"legalName": "Bournemouth University"
},
"address": {
"streetAddress": "Bournemouth House, Christchurch Road",
"locality": "Bournemouth",
"postalCode": "BH1 3LH",
"countryName": "UK"
},
"contactPoint": {
"name": "Pauline Dean",
"email": "pdean@bournemouth.ac.uk",
"telephone": "01202 962260"
},
"details": {
"url": "http://www.bournemouth.ac.uk"
},
"roles": [
"buyer"
]
}
],
"buyer": {
"id": "GB-CFS-41185",
"name": "Bournemouth University"
}
}