Award

Provision of Payment Services

POST OFFICE LIMITED

This public procurement record has 1 release in its history.

Award

25 Jul 2023 at 16:29

Award Notice
Summary of the contracting process

The Post Office Limited recently awarded a contract for the provision of Payment and Banking services to support electronic transactions via pin entry devices. The contract value is £19,700,000 in GBP, with a contract period starting on April 17, 2023, and ending on March 16, 2028. The procurement stage was completed on March 31, 2023, with the award being made on April 17, 2023. The procurement falls under the Central bank services category and is located in London, United Kingdom.

This opportunity for business growth in the services sector is suited for companies specializing in Payment and Banking services. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations are not deemed suitable for this specific contract. Interested businesses should take note of the expiry date for submissions by March 31, 2023, and the contract period lasting until March 16, 2028.

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Notice Information

Notice Title

Provision of Payment Services

Notice Description

Provision of Payment and Banking services to support the electronic transactions that occur within the Post Office via the pin entry devices. Additional information: This contract was awarded as a Direct Award using a Post Office contractual procedure.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-98b1b7fc-1c54-49a2-84b5-f9e4e7fadc22
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e5a4f9b6-2aa7-441a-8937-71c3bdb7fe09
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
Other -
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66111000 - Central bank services

Notice Value(s)

Tender Value
£19,700,000 £10M-£100M
Lots Value
Not specified
Awards Value
£19,700,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
25 Jul 20232 years ago
Submission Deadline
31 Mar 2023Expired
Future Notice Date
Not specified
Award Date
16 Apr 20232 years ago
Contract Period
16 Apr 2023 - 16 Mar 2028 4-5 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
POST OFFICE LIMITED
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
EC2Y 9AQ
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
TLI London
Local Authority
Islington
Electoral Ward
Bunhill
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
1
Supplier Name

WORLDLINE RETAIL ENTERPRISE (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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