Award

Tender for Cash Collection Services

SOUTH YORKSHIRE PASSENGER TRANSPORT EXECUTIVE

This public procurement record has 2 releases in its history.

Award

30 Apr 2019 at 15:08

Award Notice
Tender

03 Dec 2018 at 14:10

Tender Notice
Summary of the contracting process

The South Yorkshire Passenger Transport Executive is seeking a provider for Cash Collection Services, with a total contract value estimated between £100,000 and £120,000 over a five-year duration. This procurement is currently in the Award stage, having completed the Tender period which ended on 11 January 2019. The contract is set to commence on 1 April 2019 and will conclude on 31 March 2022. The services will be delivered in the Yorkshire and the Humber region of the United Kingdom, classified under the billing system category, and the procurement method adopted is an open procedure, compliant with above-threshold regulations.

This tender represents an excellent opportunity for businesses specialising in cash collection or financial services to engage in a potentially lucrative contract. Companies equipped with experience and capability in secure cash handling and banking services will find themselves well-suited to compete for this contract. The substantial contract value encourages established firms as well as larger service providers to consider participation, fostering growth and collaboration within the transport and financial services industry.

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Notice Information

Notice Title

Tender for Cash Collection Services

Notice Description

Tender for Cash Collection Services South Yorkshire Passenger Transport Executive is seeking to appoint a suitably experienced provider of the above Services The purpose of the contract is for the secure collection of cash to an agreed schedule; process at a secure location; bank with the Executive's Bankers to an agreed procedure and notify the Executive of the sums banked in a prompt manner. The contract value is estimated at between PS100k to PS120k over the potential five year term.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-82392c7b-4dee-43c1-a2ce-9bcdd5a62c8f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7728cf4b-1a8a-4660-96c0-0afd7f265f85
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48444100 - Billing system

Notice Value(s)

Tender Value
£120,000 £100K-£500K
Lots Value
Not specified
Awards Value
£65,715 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
30 Apr 20196 years ago
Submission Deadline
11 Jan 2019Expired
Future Notice Date
Not specified
Award Date
13 Feb 20197 years ago
Contract Period
31 Mar 2019 - 31 Mar 2022 3-4 years
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
SOUTH YORKSHIRE PASSENGER TRANSPORT EXECUTIVE
Contact Name
-
Contact Email
legal.admin@sypte.co.uk
Contact Phone
-

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2BQ
Post Town
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
TLE Yorkshire and The Humber
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

G4S CASH SOLUTIONS (UK

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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