Award

Payment Acceptance Intermediaries Services

THURROCK BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

12 Nov 2024 at 15:51

Award Notice
Summary of the contracting process

Thurrock Borough Council has awarded a contract titled "Payment Acceptance Intermediaries Services" under the financial and insurance services category, which is related to merchant banking and gateway services for processing credit, debit, and electronic payments. The procurement process was completed in the East of England, United Kingdom, with a contract value of £167,000. The contract period started and ended on 1st November 2024, and the procurement method was selective, involving a call-off from a framework agreement. Noteworthy dates include the award date on 1st October 2024, and the award notice was published on 12th November 2024.

This tender presents significant business growth opportunities for firms specialising in financial and banking services, particularly those adept at merchant banking and payment processing. Large enterprises in the financial sector would be well-suited to compete in this domain, as the council's requirements include a wide range of services such as financial consultancy, transaction processing, and foreign exchange services. Given the scale of Thurrock Borough Council's operations and the comprehensive nature of the services needed, businesses capable of delivering robust and secure payment acceptance solutions stand to benefit greatly.

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Notice Information

Notice Title

Payment Acceptance Intermediaries Services

Notice Description

Merchant Bank & Gateway Services for the acceptance and processing of credit cards, debit cards or other electronic payments.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e77c42fb-0be7-499b-abfb-0f7d1d2f8f12
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2eefee8a-d4bb-4f8e-843b-08e7b7cf4333
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

66000000 - Financial and insurance services

66100000 - Banking and investment services

66110000 - Banking services

66120000 - Investment banking services and related services

66130000 - Brokerage and related securities and commodities services

66140000 - Portfolio management services

66150000 - Financial markets administration services

66160000 - Trust and custody services

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

66180000 - Foreign exchange services

66190000 - Loan brokerage services

66500000 - Insurance and pension services

66600000 - Treasury services

66700000 - Reinsurance services

Notice Value(s)

Tender Value
£167,000 £100K-£500K
Lots Value
Not specified
Awards Value
£167,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Nov 20241 years ago
Submission Deadline
30 Sep 2024Expired
Future Notice Date
Not specified
Award Date
30 Sep 20241 years ago
Contract Period
1 Nov 2024 - 1 Nov 2024 24 hours
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
THURROCK BOROUGH COUNCIL
Contact Name
Vanessa John
Contact Email
vanessa.john@thurrock.gov.uk
Contact Phone
01375 652652

Buyer Location

Locality
GRAYS
Postcode
RM17 6SL
Post Town
Romford
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH3 Essex
Small Region (ITL 3)
TLH32 Thurrock
Delivery Location
Not specified
Local Authority
Thurrock
Electoral Ward
Grays Riverside
Westminster Constituency
Thurrock

Supplier Information

Number of Suppliers
1
Supplier Name

WORLDPAY (UK

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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