Award

Merchant Banking Services

SOUTH YORKSHIRE PASSENGER TRANSPORT EXECUTIVE

This public procurement record has 2 releases in its history.

Award

24 Feb 2021 at 11:02

Award Notice
Tender

27 Nov 2020 at 07:49

Tender Notice
Summary of the contracting process

The South Yorkshire Passenger Transport Executive is seeking to award a contract for Merchant Banking Services, which is classified under banking services. The procurement process is in the Award stage, with the contract period set to commence on 1 April 2021 and concluding on 31 March 2024, allowing for a potential two-year extension. The estimated annual contract value is £40,000, resulting in a total expected value of £200,000 over the full term. Interested parties should note that the deadline for tender submissions was on 15 January 2021.

This tender presents a valuable opportunity for businesses specialising in banking services, particularly those classified as small and medium-sized enterprises (SMEs). Companies that can offer innovative financial solutions and demonstrate capability in managing banking operations may find this contract advantageous for expanding their client base in the public sector. The South Yorkshire Passenger Transport Executive is actively seeking suppliers who can effectively contribute to their financial objectives.

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Notice Information

Notice Title

Merchant Banking Services

Notice Description

The estimated contract value is PS40,000 per annum. The contract will run for an initial 3 year period from 1 April 2021 with an option to extend by up to 2 further years. Additional information: Full documentation can be downloaded from http://www.sypte.co.uk/WhatWeDo/Contracts Please note this contract has an option to extend by up to 2 further years, the estimated value is PS40K per annum hence the basis of the lowest and highest values stated above

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-af22b9a4-f129-4cf6-8be3-4fb2c1ffd99f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0456d8e8-8413-46b4-ab7d-44bc480bc77f
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
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£200,000 £100K-£500K
Lots Value
Not specified
Awards Value
£50,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
24 Feb 20215 years ago
Submission Deadline
15 Jan 2021Expired
Future Notice Date
Not specified
Award Date
23 Feb 20215 years ago
Contract Period
31 Mar 2021 - 31 Mar 2024 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
SOUTH YORKSHIRE PASSENGER TRANSPORT EXECUTIVE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2BQ
Post Town
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
TLE Yorkshire and The Humber
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

WORLD PAY (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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