Award

NU/1745-6 The Provision of an Invoice-Receipting Hub Service

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Award

11 Nov 2022 at 13:53

Award Notice
Summary of the contracting process

Newcastle University has awarded a contract for the provision of an Invoice-Receipting Hub Service to Parseq Ltd. The contract has a value of £176,020 and will be in effect from March 1, 2023, to February 28, 2025. The tender period ended on September 30, 2022, and the contract covers business services related to financial consultancy, vocational training, mergers and acquisition services, feasibility study, and business analysis consultancy services.

This procurement process by Newcastle University presents opportunities for businesses in the financial consultancy, training, and business analysis sectors to collaborate and compete for similar service contracts. Companies specializing in financial and business advisory services, as well as those offering consultancy and actuarial services, would find this tender suitable for business growth. The awarded contract aims to enhance the University's invoice-handling processes through the selected supplier, Parseq Ltd, based in South Yorkshire.

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Notice Information

Notice Title

NU/1745-6 The Provision of an Invoice-Receipting Hub Service

Notice Description

The University wishes to appoint a Contractor to provide an Invoice-Receipting Hub Service to handle the receipt of supplier invoices and provide the University with a daily electronic feed.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b615b1b7-f226-446f-862c-0741b75ce1fb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ec5e8171-5159-441c-874d-45c961ad76cb
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

71 - Architectural, construction, engineering and inspection services

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

79 - Business services: law, marketing, consulting, recruitment, printing and security

80 - Education and training services

CPV Codes

66121000 - Mergers and acquisition services

66170000 - Financial consultancy, financial transaction processing and clearing-house services

66519600 - Actuarial services

71241000 - Feasibility study, advisory service, analysis

72221000 - Business analysis consultancy services

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

80530000 - Vocational training services

Notice Value(s)

Tender Value
£180,000 £100K-£500K
Lots Value
Not specified
Awards Value
£176,020 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Nov 20223 years ago
Submission Deadline
30 Sep 2022Expired
Future Notice Date
Not specified
Award Date
1 Nov 20223 years ago
Contract Period
1 Mar 2023 - 28 Feb 2025 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
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), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (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

PARSEQ

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

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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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