Tender

HMCTS Financial Transaction Processing (Middle Office) Service

MINISTRY OF JUSTICE

This public procurement record has 2 releases in its history.

TenderAmendment

10 Sep 2024 at 15:12

Tender Notice
Tender

30 Jul 2024 at 16:45

Tender Notice
Summary of the contracting process

The Ministry of Justice is seeking suppliers for its HMCTS Financial Transaction Processing (Middle Office) Service. The service, managed by His Majesty's Courts and Tribunals Service, involves significant data handling and financial transaction processing, crucial to supporting court operations. The procurement is currently in the tender amendment stage, with interested suppliers required to submit their tenders via the Jaggaer eSourcing Portal. This open procedure is valued at £31,358,000 and targets the "Financial Transaction Processing and Clearing-house Services" category. The tender period ends on 20th September 2024, with the contract period scheduled from 23rd June 2025 to 22nd June 2030, covering regions including the British Overseas Territories, Europe, and the United Kingdom.

This tender presents substantial business growth opportunities, particularly for SMEs and VCSEs specialising in financial systems integration, data processing, and banking services. The designated supplier will be responsible for implementing and maintaining a robust system capable of managing and reconciling high transaction volumes, enhancing operational efficiencies, and ensuring seamless data migration alongside the incumbent service. Businesses with a proven track record in sophisticated financial transaction handling and innovative management solutions will find this opportunity well-suited to their expertise, offering a chance to secure a significant government contract and build a strong portfolio within the public sector.

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Notice Information

Notice Title

HMCTS Financial Transaction Processing (Middle Office) Service

Notice Description

This Notice is issued by the Lord Chancellor acting as part of the Crown (the "Authority"). This service will be provided for the benefit of, and managed by, His Majesty's Courts and Tribunals Service (HMCTS) an executive agency of the Authority. The FTP middle office provides a range of data handling, processing, banking, and Management Information (MI) related services to support court services. The provision of these services is critical to the processing of the court operations and involves the handling of high volumes of processing tasks, including receipting, payments, validation, reconciliation, and consolidation of up to 10 million transactions (over PS3bn) per year. The Authority intends to appoint a supplier to implement a service that will include integrating and maintaining a system that can pay, receive, account and reconcile high volumes of data and financial transactions. It will incorporate the ability to drill down to detailed transactional levels, support the management of individual cases, include exception handling process and the implementation of efficiencies and improved ways of working. The supplier is also required to undertake a transition programme, including data migration, in parallel to the incumbent service. The procurement will be managed, and the procurement documents made available, via the Authority's Jaggaer eSourcing Portal (address below). If you have not yet registered on the e-Sourcing Portal, this can be done online at https://ministryofjusticecommercial.bravosolution.co.uk/web/login.html Interested suppliers must be registered on this site to view the Invitation to Tender (ITT) and will then need to complete and sign a Confidentiality Agreement to access further sensitive information. Once completed and signed the Authority will invite the interested supplier, provided it is registered on the above site, to access the sensitive information. The Confidentiality Agreement can be obtained by sending an email to FTP_Reprocurement@justice.gov.uk All Tenders are to be submitted via the Authority's Jaggaer eSourcing Portal, attention FTP Commercial Team, in accordance with the instructions set out in the Invitation to Tender.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7898fc42-af46-4a59-b7f6-706fd08055c8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a577284f-1b17-4c12-a4b0-838a060ae078
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 (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66172000 - Financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£31,358,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
10 Sep 20241 years ago
Submission Deadline
20 Sep 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
22 Jun 2025 - 22 Jun 2030 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
MINISTRY OF JUSTICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1H 9AJ
Post Town
South West 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
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

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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