Tender

Prize Linked Savings Software and Managed Service

CROWN COMMERCIAL SERVICE

This public procurement record has 1 release in its history.

Tender

02 Jan 2019 at 17:03

Tender Notice
Summary of the contracting process

The procurement process titled "Prize Linked Savings Software and Managed Service" is initiated by Her Majesty's Treasury (HM Treasury) as the contracting authority. This tender falls under the services category, specifically in central bank services, and it encompasses delivery to various locations including the United Kingdom and British Overseas Territories. Currently in the planning stage, the tender holds a submission deadline of 12:00 pm on 18th January 2019, with the contract expected to commence on 29th January 2019, lasting for two years with a possible extension until 31st March 2021. The procurement method is open, adopting an open procedure which is below threshold limits.

This opportunity presents a significant potential for business growth, particularly for small and medium-sized enterprises (SMEs) and voluntary community sector enterprises (VCSEs) equipped to provide data services and managed solutions in financial technology. Businesses with expertise in software development, data collection, and managed services are well-positioned to compete, as the tender requires the operational delivery of a prize-linked savings scheme which necessitates both technical and customer service capabilities. Engaging in this tender could help establish a fruitful partnership with HM Treasury and enhance visibility in the public sector.

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Notice Information

Notice Title

Prize Linked Savings Software and Managed Service

Notice Description

Her Majesty's Treasury require an external supplier to play an operational and coordinating role in the delivery of the pilot prize-linked savings scheme announced at Autumn Budget 2018: a new prize-linked savings account offered by credit unions. The Potential Provider will be required to collect data about participating members' entries into the draws and to run the draws each month in a fair manner. The Contract will be for a two (2) year term commencing upon Contract Award. The Contract will include a two (2) month extension option for an extension up to but not exceeding 31st March 2021; this option will be taken up at the discretion of the Authority. HM Treasury may be referred to as "the Authority" or "HMT" throughout the documentation. Additional information: How to apply Instructions to Potential Providers: Potential Providers must first be registered on the Crown Commercial Service e-Sourcing Suite in order to respond to the Procurement. If you have not yet registered on the e-Sourcing Suite, this can be done online at https://gpsesourcing.cabinetoffice.gov.uk by following the link 'Register for CCS e-Sourcing'. Please note that, to register, you must have a valid DUNS number (as provided by Dun and Bradstreet) for the organisation which you are registering, who will be entering into a contract if invited to do so at the Invitation to Tender stage. Potential Providers should note that it could take up to 10 working days to obtain a DUNS number. Full instructions for registration and use of the system can be found at: http://gps.cabinetoffice.gov.uk/i-am-supplier/respond-tender Once you have registered on the e-Sourcing Suite, you will need to express your interest for CCTS18A92 - Prize Linked Savings Software and Managed Service . This is done by emailing ExpressionOfInterest@Crowncommercial.gov.uk. Your email must clearly state: - name/reference of this procurement (CCTS18A92 - Prize Linked Savings Software and Managed Service) - the name of the registered supplier; and - the name and contact details Crown Commercial Service will then process your registration and assign your organisation to the opportunity. The registered user will receive a notification email to alert them once this has been done. The Invitation to Tender will be issued by close of play on 2nd of January 2019 and therefore suppliers can register on the e-Sourcing Suite between the issue date of this Contracts Finder advert and the deadline for submission of a Tender which is 12:00pm 18th January 2019. It is advised however that Potential Providers register as soon as practically possible in order to receive the Invitation to Tender and have a sufficient amount of time to respond. Crown Commercial Service is not able to offer any extensions to the advertised procurement timetable. For technical assistance on use of the e-Sourcing Suite please contact the Helpdesk: Freephone: 0345 010 3503 Email: supplier@Crowncommercial.gov.uk

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a641c590-aff3-4b1e-a2d9-f9ae99f18524
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8e49055e-f384-4743-bd2f-9a81f2d3ba14
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

72 - IT services: consulting, software development, Internet and support

CPV Codes

66111000 - Central bank services

66112000 - Deposit services

66161000 - Trust services

72300000 - Data services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
2 Jan 20197 years ago
Submission Deadline
18 Jan 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
29 Jan 2019 - 28 Jan 2021 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
CROWN COMMERCIAL SERVICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWPORT
Postcode
NP10 8QQ
Post Town
Newport
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL54 Monmouthshire and Newport
Delivery Location
Not specified
Local Authority
Newport
Electoral Ward
Tredegar Park and Marshfield
Westminster Constituency
Newport West and Islwyn

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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