Tender

Payment Initiation and Account Information Services

HMRC

This public procurement record has 2 releases in its history.

TenderAmendment

11 Aug 2020 at 15:58

Tender

10 Aug 2020 at 12:30

Summary of the contracting process

The HM Revenue and Customs (HMRC) has announced a tender for "Payment Initiation and Account Information Services," which falls under the financial services category. The procurement process is currently in the tender stage, with an estimated contract value of £3,000,000. The closing date for submissions is 7th September 2020, and the contract is expected to commence on 1st February 2021, lasting until 31st January 2023. Interested suppliers should ensure they can provide both payment initiation and account information services as part of this selective procurement process.

This tender presents significant opportunities for businesses in the financial technology and consultancy sectors, particularly those specialising in secure and efficient payment systems. Small and medium-sized enterprises (SMEs) are actively encouraged to apply, enhancing their chances of winning a contract in this restricted procedure. Companies with a capacity for innovation and efficient service delivery will be well-suited to compete for this contract, which aims to modernise HMRC's bank transfer processes.

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Notice Title

Payment Initiation and Account Information Services

Notice Description

The Authority has identified a requirement for the provision of Payment Initiation and Account Information Services in order to enable our customers to pay us by bank transfer using a secure, simple and efficient process as currently, our bank transfer journey is non-automated. It is anticipated that during the term of the contract Account Information Services may be required to deliver enhanced and tailored financial services therefore interested suppliers must have the ability to provide both services from the outset. The maximum number of bidders that will progress to the award stage will be 10.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f644a1d5-c02c-4adb-b2ea-dd572dfd1a15
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/789bb56a-b87f-4c48-b97b-17d357dd9bdd
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Not specified

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
£3,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 Aug 20205 years ago
Submission Deadline
7 Sep 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Feb 2021 - 31 Jan 2023 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
HMRC
Contact Name
Not specified
Contact Email
ranjana.kapur@hmrc.gov.uk
Contact Phone
+443000520819

Buyer Location

Locality
LONDON
Postcode
SW1A 2BQ
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

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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