Award

National Payment line services

MINISTRY OF JUSTICE.

This public procurement record has 1 release in its history.

Award

18 Jan 2018 at 16:29

Summary of the contracting process

The Ministry of Justice conducted a procurement process for the provision of National Payment line services, classified under financial transaction processing and clearing-house services. The process, which has now been completed, was initiated with a tender that had a minimum bid value of £2,200,000 and a total contract value of £2,400,000. The contract period spanned from 6th December 2017 to 5th December 2019, and the tender was officially awarded on 5th December 2017. The services were required across multiple regions within the United Kingdom, including North East, North West, London, and South East, among others. The tender period concluded on 13th November 2017.

This completed tender presents a significant opportunity for businesses in the financial services sector, particularly those capable of providing transaction processing and clearing services. Small and medium-sized enterprises (SMEs), which are encouraged to participate, can leverage this procurement process as a gateway to forge partnerships or enhance their service offerings. Businesses that specialise in technology-driven financial solutions or possess expertise in compliance and regulation within the public sector may find themselves well-suited to compete or collaborate in future contracts of a similar nature.

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Notice Title

National Payment line services

Notice Description

Contract for the provision of National Payment line services and processing of related transactions

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c34183a1-d745-4c2e-9e3a-460cd284b620
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7dddae15-4d71-4bfc-af06-9e3849d4ba12
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66172000 - Financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£2,400,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,400,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
18 Jan 20188 years ago
Submission Deadline
13 Nov 2017Expired
Future Notice Date
Not specified
Award Date
5 Dec 20178 years ago
Contract Period
6 Dec 2017 - 5 Dec 2019 1-2 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
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
LEEDS
Postcode
LS2 7EH
Post Town
Leeds
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLI London, TLJ South East (England), TLK South West (England)

Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

Further Information

Notice Documents

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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