Award

Card Acquiring Tender

UNIVERSITY OF CHESTER

This public procurement record has 3 releases in its history.

Award

24 Jul 2024 at 15:13

TenderAmendment

21 Mar 2024 at 16:30

Tender

21 Feb 2024 at 16:34

Summary of the contracting process

The University of Chester has awarded a contract for its card acquiring services, which includes the processing, authorisation, and settlement of the University’s debit and credit transactions across various channels such as customer present (Chip and PIN/contactless payments), customer not present (Mail Order/Telephone Order), and online (e-commerce). The buying authority is the University of Chester, located in Chester, England. The procurement falls under the Banking services category, with operations spanning the North West and West Midlands regions of the United Kingdom. This award follows an open procedure with the contract commencing on 2nd July 2024 and extending until 1st July 2031. Key deadline was the tender submission date on 5th April 2024.

This tender provides a substantial opportunity for businesses offering comprehensive merchant services, enabling them to secure a long-term contract with the University of Chester valued between £250,000 and £750,000 over seven years. The contract is particularly suitable for organisations that can offer efficient and cost-effective solutions while adapting to evolving market and technological changes. SMEs and VCSEs are especially encouraged to participate, given the emphasis on developing a relationship with an organisation capable of delivering strong dedicated support aligned with the University’s requirements.

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Notice Title

Card Acquiring Tender

Notice Description

This Award Notice follows the University of Chester seeking tenders for its card acquiring which includes the processing, authorisation and settlement of the University's debit and credit transactions via all payment channels including customer present (Chip and PIN/contactless payments), customer not present (Mail Order / Telephone Order) and online (e-commerce). The University was seeking to develop efficient and cost-effective merchant service arrangements which will be capable of meeting future market and technological changes, and which will meet, and often exceed, user expectations. Please note the estimated total value includes the optional extension periods and is estimated to be in the range PS250,000 to PS750,000. Please note that all values in this notice have been rounded up and are for the full potential 7 years of the contract.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-925400bf-30c8-450a-baca-d0044ac562df
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/74234a97-0ede-4ca6-a3f3-9c8c56c66476
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
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£600,000 £500K-£1M
Lots Value
Not specified
Awards Value
£250,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
24 Jul 20241 years ago
Submission Deadline
5 Apr 2024Expired
Future Notice Date
Not specified
Award Date
1 Jul 20241 years ago
Contract Period
1 Jul 2024 - 1 Jul 2031 Over 5 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
UNIVERSITY OF CHESTER
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CHESTER
Postcode
CH1 4BJ
Post Town
Chester
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD6 Cheshire
Small Region (ITL 3)
TLD63 Cheshire West and Chester
Delivery Location
TLD North West (England), TLG West Midlands (England)

Local Authority
Cheshire West and Chester
Electoral Ward
Chester City & the Garden Quarter
Westminster Constituency
Chester North and Neston

Supplier Information

Number of Suppliers
1
Supplier Name

GLOBAL PAYMENTS

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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