Planning

Accelerated Payment Solutions

THE MINISTER FOR THE CABINET OFFICE ACTING THROUGH CROWN COMMERCIAL SERVICE

This public procurement record has 1 release in its history.

Planning

10 Mar 2021 at 22:56

Summary of the contracting process

The procurement process titled "Accelerated Payment Solutions" is being conducted by the Minister for the Cabinet Office acting through the Crown Commercial Service (CCS). This project, classified under the industry category of banking services (CPV 66110000), is currently in the planning stage and has an estimated value of £80 million. The procurement is set to take place within the UK, with a notable future notice date of 19 November 2021 for further updates. Companies are advised to monitor the new Find a Tender Service for the release of Invitation to Tender (ITT) documents following changes in UK procurement regulations post-Brexit.

This tender presents a significant opportunity for businesses specialising in financial services, particularly those offering early payment solutions such as Supply Chain Finance and Dynamic Discounting. Companies with expertise in financial analysis, accounting software, and credit granting services would be well-suited to engage in this procurement process. The CCS aims to collaborate with suppliers to develop an innovative solution for the public sector, making this an appealing prospect for businesses looking to expand their market reach in the financial services domain.

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Notice Title

Accelerated Payment Solutions

Notice Description

A replacement of Supplier Early Payment Solutions RM6001. The aspiration is to deliver a commercial solution that offers a comprehensive suite of early payment solutions to the entire public sector. The overall solution is in its design phase and will include Supply Chain Finance (SCF), Dynamic Discounting (DD) and will look to expand the list of services if the merits can be demonstrated for the public sector. The agreement will also seek to deliver ancillary services to public sector customers that will aid the implementation and or the maximisation of the benefits delivered.

Lot Information

Accelerated Payment Solutions: Supply Chain Finance

CCS is focused on delivering an innovative and comprehensive early payment solution that covers all the needs of public sector customers. CCS wishes to work with the supplier base within the early payment market to ensure the solution is market leading. At this stage the possible requirements are broad with the core services of SCF and DD defined but with scope to include other areas such as Employee early payment and ancillary services such as e-Invoicing. CCS seeks to hold comprehensive market engagement with further details below on how to register for the process. Once they become available, the ITT documentation for this procurement may be freely accessed here: https://www.crowncommercial.gov.uk/agreements/upcoming Additional information: The Authority intends to use an e-Tendering system in this procurement exercise and is considering the use of an e-auction.

Accelerated Payment Solutions: Dynamic Discount

Accelerated Payment Services will enable suppliers to choose to receive early payment for their invoices in exchange for a discount or charge against the invoice value.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-029a8e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/004893-2021
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

66 - Financial and insurance services


CPV Codes

48440000 - Financial analysis and accounting software package

48441000 - Financial analysis software package

66000000 - Financial and insurance services

66110000 - Banking services

66113000 - Credit granting services

Notice Value(s)

Tender Value
£80,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
10 Mar 20214 years ago
Submission Deadline
Not specified
Future Notice Date
19 Nov 2021Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
THE MINISTER FOR THE CABINET OFFICE ACTING THROUGH CROWN COMMERCIAL SERVICE
Contact Name
Not specified
Contact Email
aps@crowncommercial.gov.uk
Contact Phone
+44 3450103503

Buyer Location

Locality
LIVERPOOL
Postcode
L3 9PP
Post Town
Liverpool
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
Not specified

Local Authority
Liverpool
Electoral Ward
City Centre North
Westminster Constituency
Liverpool Riverside

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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