Award

Confirmation of Payee Services

H M REVENUE & CUSTOMS

This public procurement record has 1 release in its history.

Award

07 Nov 2024 at 13:39

Summary of the contracting process

H M Revenue & Customs (HMRC) has completed the procurement process for the provision of "Confirmation of Payee Services," which falls under the banking services industry category. The tender, identified by the code CW97285, was executed through a selective procurement method via a dynamic purchasing system. The contract, valued at £1,444,000, commenced on 25th October 2024 and will run until 24th October 2026. The service will be delivered within the United Kingdom, and the tender period concluded on 9th May 2024.

This procurement presents substantial opportunities for large-scale businesses specialising in banking or financial technology services to engage with a significant government body, given the size and duration of the contract with HMRC. The procurement process, being selective and utilising a dynamic purchasing system, implies that businesses with pre-approved credentials stand a favourable chance. Companies experienced in managing comprehensive financial service solutions and capable of handling contracts of this magnitude are particularly well-suited to benefit from such opportunities.

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Notice Title

Confirmation of Payee Services

Notice Description

Provision of Confirmation of Payee Services

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-78836016-eafa-4032-96d8-716e79a80a8f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/53b74a79-aaf5-4f06-a683-f37b30c262b3
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
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
£1,444,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,444,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
7 Nov 20241 years ago
Submission Deadline
9 May 2024Expired
Future Notice Date
Not specified
Award Date
24 Oct 20241 years ago
Contract Period
24 Oct 2024 - 24 Oct 2026 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
H M REVENUE & CUSTOMS
Contact Name
HMRC Commercial Team
Contact Email
e.procureemnt@hmrc.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SS99 1AA
Post Town
Southend-on-Sea
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH3 Essex
Small Region (ITL 3)
TLH31 Southend-on-Sea
Delivery Location
Not specified

Local Authority
Southend-on-Sea
Electoral Ward
Victoria
Westminster Constituency
Southend East and Rochford

Supplier Information

Number of Suppliers
1
Supplier Name

MODULR FS

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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