Award

Payment Acceptance Services

SOUTH TYNESIDE COUNCIL

This public procurement record has 1 release in its history.

Award

04 Mar 2021 at 10:48

Summary of the contracting process

The procurement process for Payment Acceptance Services, initiated by South Tyneside Council, is now complete. This contract, valued at £200,000, falls within the financial consultancy and transaction processing industry category. The contracting authority is located in South Shields, North East England. This tender was executed through a selective procurement method as a call-off from a framework agreement, with the original tender period ending on 8th November 2019. The contract commenced on 31st January 2021 and is set to conclude on 31st March 2023.

This contract presents significant business growth opportunities for small and medium-sized enterprises (SMEs) that specialise in financial services and transaction processing. Potential bidders should possess expertise in providing financial consultancy or transactional systems, as the nature of the services involves complex financial operations. Given the selective nature of the procurement method, businesses that can streamline financial processes and demonstrate reliability in service delivery will be well-positioned to compete in future contracts of this type.

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Notice Title

Payment Acceptance Services

Notice Description

Call off from Framework Agreement

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d304949e-70ab-49a1-a116-4fa1d4cb8588
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/06f7ca04-cb3d-4ddf-9a98-a3a440e51f6c
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

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

Notice Value(s)

Tender Value
£200,000 £100K-£500K
Lots Value
Not specified
Awards Value
£200,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Mar 20214 years ago
Submission Deadline
8 Nov 2019Expired
Future Notice Date
Not specified
Award Date
31 Jan 20215 years ago
Contract Period
31 Jan 2021 - 31 Mar 2023 2-3 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
SOUTH TYNESIDE COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SOUTH SHIELDS
Postcode
NE33 2RL
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
South Tyneside
Electoral Ward
Beacon and Bents
Westminster Constituency
South Shields

Supplier Information

Number of Suppliers
1
Supplier Name

WORLDPAY

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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