Award

Award of a Call Off Contract for Financial Transaction Processing (Middle Office) Services for HMCTS

MINISTRY OF JUSTICE

This public procurement record has 2 releases in its history.

AwardUpdate

16 Sep 2024 at 15:46

Award Notice
Award

06 Dec 2022 at 15:59

Award Notice
Summary of the contracting process

The Ministry of Justice has awarded a call-off contract for financial transaction processing (Middle Office) services needed by HMCTS. The contract, classified under "Banking services" with a CPV code of 66110000, requires the supplier to provide data handling, processing, and MI requirements to support banking and payment services. The procurement was conducted using a selective method via a framework agreement. The contract period spans from 1st January 2023 to 31st December 2024, with a total value of £31,400,000 GBP. Coverage includes the United Kingdom, British Overseas Territories, Channel Islands, Isle of Man, Europe, and other regions globally.

This tender represents a significant opportunity for businesses involved in financial transaction processing and related services to expand their operations by working with a major government entity. Ideal candidates are large-scale enterprises with established capabilities in data handling, processing, and banking services, given the contract's complexity and scale. By securing such contracts, companies can bolster their portfolio and demonstrate reliability in executing large-scale government projects, paving the way for future procurement opportunities.

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Notice Information

Notice Title

Award of a Call Off Contract for Financial Transaction Processing (Middle Office) Services for HMCTS

Notice Description

Award of a Call Off Contract for Financial Transaction Processing (Middle Office). HMCTS require a supplier to work with them to provide the services as detailed in the Specification. These are largely related to data handling and processing and MI requirements to support banking and payment services.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b42670d6-a827-4d17-be35-84f2ee9bcebe
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8598bd44-5f81-4cad-a462-444176013a95
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

Notice Value(s)

Tender Value
£31,400,000 £10M-£100M
Lots Value
Not specified
Awards Value
£31,400,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
16 Sep 20241 years ago
Submission Deadline
22 Mar 2022Expired
Future Notice Date
Not specified
Award Date
7 Nov 20223 years ago
Contract Period
1 Jan 2023 - 31 Dec 2024 2-3 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
MINISTRY OF JUSTICE
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
SW1H 9AJ
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

LIBERATA

Further Information

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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