Award

NU/1550 The Provision of Merchant Services

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Award

15 Apr 2020 at 12:21

Summary of the contracting process

The procurement process concerns the provision of Merchant Services at Newcastle University, classified under financial and insurance services. This open procedure tender, numbered NCL001-DN449794-67566150, was awarded to Global Payments, with a contract value of £2,407,527. The award notice was published on 15 April 2020, and the contract is set to commence on 1 August 2020, continuing until 31 July 2025. Located in Newcastle upon Tyne, England, this procurement is noteworthy for its significant financial investment, highlighting the university's commitment to enhancing financial transactions related to debit and credit processing.

This tender presents a substantial opportunity for businesses in the financial services sector, particularly those specialising in payment processing and related technologies. Companies capable of providing efficient and secure Merchant Services, including transaction processing, authorisation, and settlement solutions, would be well-suited to compete. Additionally, the successful execution of this contract enables the winning supplier to strengthen their position in the market and potentially lead to further collaborations with other educational institutions and public sector entities.

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Notice Title

NU/1550 The Provision of Merchant Services

Notice Description

This contract is for the provision of Merchant Services for processing, authorisation and settlement of debit and credit transactions at Newcastle University.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b1a92156-6742-4fa0-9a6c-0feed635c477
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/90a08b82-460e-438b-9c65-c85da5c12966
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£2,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,407,527 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
15 Apr 20205 years ago
Submission Deadline
24 Jan 2020Expired
Future Notice Date
Not specified
Award Date
30 Mar 20205 years ago
Contract Period
31 Jul 2020 - 31 Jul 2025 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
NEWCASTLE UNIVERSITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE1 7RU
Post Town
Newcastle upon Tyne
Country
England

Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)

Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
1
Supplier Name

GLOBAL PAYMENTS

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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