Award

Banking Services - 2019/S 198-481245

POST OFFICE LIMITED

This public procurement record has 1 release in its history.

Award

30 Sep 2020 at 11:32

Award Notice
Summary of the contracting process

The procurement process involves Post Office Limited (POL) seeking Banking Services under the title "Banking Services - 2019/S 198-481245". This initiative falls within the banking services industry and is located in the United Kingdom, with a focus on Merchant Acquiring and Gateway Services. The contract has been awarded via a selective procurement method and is currently in the Award stage. The award notice was published on 30th September 2020, with the contract effective from 9th November 2020 for a period of three years, potentially extendable by 24 months. The value of the contract amounts to £57,875,000.

This tender presents an excellent opportunity for companies involved in financial services, particularly those specialising in payment processing and clearing services. Businesses that provide innovative Merchant Acquiring solutions, or those capable of offering Gateway Services, would be well-suited to explore similar procurement opportunities. Engaging in this sector could enable growth for firms aiming to support national organisations like the Post Office and tap into lucrative contracts within the financial services industry.

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Notice Information

Notice Title

Banking Services - 2019/S 198-481245

Notice Description

***Please note this is an award notice, not a call for competition*** Post Office Limited (POL) has a requirement for Merchant Acquiring and Gateway Services. This has been sourced via direct award against CCS RM6118 Payment Acceptance Framework Agreement - Lot 1 Face to Face and Card Not Present (CNP) Card Acquiring, Gateway and Alternative Payment Methods (APM), although POL does not have a requirement for APM Services at this time. Additional information: The call-off contract is awarded for a period of 3 years with options to extend up to a further 24 months thereafter. Target date for commencement is 9th November 2020.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9ab3cfc7-1e76-4978-8c21-4b9876c30419
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/26efbedf-c45f-4d7e-8647-aadb86a2970f
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

66133000 - Processing and clearing services

66172000 - Financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£57,875,000 £10M-£100M
Lots Value
Not specified
Awards Value
£57,875,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
30 Sep 20205 years ago
Submission Deadline
30 Oct 2020Expired
Future Notice Date
Not specified
Award Date
24 Sep 20205 years ago
Contract Period
9 Nov 2020 - 8 Nov 2025 Over 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
Not specified
Local Authority
Islington
Electoral Ward
Bunhill
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
1
Supplier Name

GPUK LLP TRADING AS GLOBAL PAYMENTS

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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