Award

UK-Salford: Banking Services

H M REVENUE & CUSTOMS

This public procurement record has 1 release in its history.

Award

09 Jun 2017 at 13:11

Summary of the contracting process

The UK-Salford: Banking Services tender, initiated by H M Revenue & Customs, focuses on providing Government Banking Services, specifically Money Transmission Services, to the public sector. This procurement process is currently in the Award stage, having been completed as of 12 March 2015. The maximum contract value was £5,500,000, and the contract period spans from 24 March 2015 to 24 March 2022. The procurement was conducted through a selective method, under a restricted procedure, enabling specific suppliers to submit proposals for these banking services.

This tender presents significant opportunities for businesses in the financial services sector, particularly those offering banking and payment processing solutions. Companies with expertise in financial transaction processing, treasury services, and foreign exchange services would be well-positioned to engage with the public sector, especially considering the government’s aim to adopt innovative and sustainable banking solutions that are responsive to the evolving technological landscape. Potential suppliers should focus on delivering flexible services that align with government objectives, such as the 'digital by default' agenda.

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Notice Title

UK-Salford: Banking Services

Notice Description

Government Banking Service - Money Transmission Services. The Government Banking Service was established in April 2008 and is the banking shared service provider to government and the wider public sector. It is part of HM Revenue & Customs and incorporates the Office of HM Paymaster General which has provided banking services to the public sector since 1836.The Government Banking Service's core purposes are to 1) Hold the working balances of HM Government at the Bank of England, 2) To facilitate modern cost effective direct to bank money transmission services for its customers; and 3) To ensure timely and accurate reporting to HM Treasury to help improve Government Cash Management and reduce Government borrowing costs. The services will evolve rapidly over the proposed life of the framework agreement and the Government Banking Service partners will be required to provide flexible, sustainable solutions which help government achieve its 'digital by default' agenda. The partners will be required to ensure government is well positioned to take advantage of the changing payment technology landscape. The contracts awarded provide a pan government framework agreement for use by the UK public sector bodies detailed in the Contract Notice.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d24c86fe-91eb-4e34-a15c-2f47c0bfcc66
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e1b87148-fc45-4582-bbf4-ff8a842c58a8
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66110000 - Banking services

66172000 - Financial transaction processing and clearing-house services

66180000 - Foreign exchange services

66600000 - Treasury services

Notice Value(s)

Tender Value
£5,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£5,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
9 Jun 20178 years ago
Submission Deadline
17 Nov 2014Expired
Future Notice Date
Not specified
Award Date
12 Mar 201510 years ago
Contract Period
24 Mar 2015 - 24 Mar 2022 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
H M REVENUE & CUSTOMS
Contact Name
Michael Kellythorn
Contact Email
michael.kellythorn@hmrc.gsi.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
SALFORD
Postcode
M60 9LA
Post Town
Manchester
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD34 Greater Manchester South West
Delivery Location
Not specified

Local Authority
Salford
Electoral Ward
Ordsall
Westminster Constituency
Salford

Supplier Information

Number of Suppliers
1
Supplier Name

BARCLAYS BANK

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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