Award

Provision of BACS and Cheque Payment Services

CPS

This public procurement record has 1 release in its history.

Award

21 Sep 2023 at 11:52

Award Notice
Summary of the contracting process

The CPS organisation in London has awarded a contract for the Provision of BACS and Cheque Payment Services to Arvato LTD. The procurement stage was a competitive quotation process below the threshold, with a contract value of £192,462 GBP. The tender period ended on July 19, 2023, and the contract is valid from August 1, 2023, to July 31, 2026. This opportunity falls under the services industry category.

This tender for BACS and Cheque Payment Services by CPS provides an opportunity for businesses specialising in financial and insurance services. Small and medium enterprises (SMEs) are particularly suited to compete in this limited procurement process, offering financial transactional processing services. The contract period spans three years, potentially allowing for long-term business growth and stability in the sector.

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Notice Information

Notice Title

Provision of BACS and Cheque Payment Services

Notice Description

CPS has a requirement to pay suppliers, witness expenses and some other expenses directly. This is via BACS where a bank account exists and by cheque where a bank account does not exist. The requirement for such a facility remains as an ongoing need and a new procurement is necessary as CPS does not have the in-house capability. The solution must provide a financial transactional processing for BACS and Cheque printing services via a BACS approved commercial Bureau as set out below: BACS indirect submitter - provide a Bureau service to allow the Authority to submit payment data files on a daily basis, which must be processed completely by the Supplier on the same working day. Cheque printing service - where no bank account exists for any payee, the Supplier must be able to provide a cheque printing service. Remittance dispatch service - when payment is made by printed cheque and no email address is provided, a printed remittance must be produced and dispatched with the printed cheque.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-93fa9ee4-2426-4435-aa3f-6d124f20a629
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/01aa6977-b57f-41fb-b42d-e8d8c6520902
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£192,462 £100K-£500K
Lots Value
Not specified
Awards Value
£192,462 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
21 Sep 20232 years ago
Submission Deadline
18 Jul 2023Expired
Future Notice Date
Not specified
Award Date
31 Jul 20232 years ago
Contract Period
31 Jul 2023 - 31 Jul 2026 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
CPS
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 9EA
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

Supplier Information

Number of Suppliers
1
Supplier Name

ARVATO

Further Information

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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