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GB-London: CON-23-103 A Multilateral Interchange fee based on a Merchant Indifference Test for UK-EEA card-not-present transactions

Payment Systems Regulator

This public procurement record has 1 release in its history.

Award

05 Dec 2023 at 11:40

Award Notice
Summary of the contracting process

The Payment Systems Regulator in London has completed a tender titled "CON-23-103 A Multilateral Interchange fee based on a Merchant Indifference Test for UK-EEA card-not-present transactions". This service procurement had a contract value of £235,200 and involved developing a cost methodology for card payment processing. The tender period ended on 17th July 2023, with a contract period from 22nd November 2023 to 29th March 2024. Grant Thornton LLP was the successful supplier for this award.

This procurement process led by the Payment Systems Regulator presents business growth opportunities in the business and management consultancy industry. Companies specialising in consultancy services related to merchant fees and card payment processing would be well-suited to compete. Understanding the requirements for developing cost methodologies and analysing payment processing costs will be key for businesses seeking to participate in similar future tenders.

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Notice Information

Notice Title

GB-London: CON-23-103 A Multilateral Interchange fee based on a Merchant Indifference Test for UK-EEA card-not-present transactions

Notice Description

This work involves the development and implementation of a cost methodology and data collection approach to inform MIT calculations and measure costs of processing card payments. The work is split into 2 phases.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7b325667-b68e-46c7-b74c-d9da200f8503
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f202e674-fea1-4d12-abb4-392d9380daae
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£235,200 £100K-£500K
Lots Value
Not specified
Awards Value
£235,200 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
5 Dec 20232 years ago
Submission Deadline
17 Jul 2023Expired
Future Notice Date
Not specified
Award Date
17 Jul 20233 years ago
Contract Period
22 Nov 2023 - 29 Mar 2024 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Payment Systems Regulator
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
E20 1JN
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
Not specified
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

Grant Thornton UK LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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