Award

Government Reporting & Cash Environment (Project Grace)

H M REVENUE & CUSTOMS

This public procurement record has 1 release in its history.

Award

19 Aug 2021 at 11:18

Summary of the contracting process

The procurement process involves H M Revenue & Customs as the buying organisation, which is seeking a solution for the Government Reporting & Cash Environment, specifically a Financial Transaction Reporting (FTR) solution. This falls under the Treasury services industry category and is being conducted at the contract award stage. The contract, valued at £5,005,098, was signed on 27 July 2021, with the delivery location specified as the UK. The procurement method employed is an open procedure, allowing broader participation from suppliers.

This tender offers significant opportunities for businesses specialising in financial technology and banking services, particularly those capable of providing scalable and flexible reporting solutions that meet government standards. Companies that have experience with financial transaction reporting, data consolidation, and compliance with banking industry standards will find a competitive advantage. As the award has been made to Bottomline Technologies, other firms may explore similar projects in the public sector to expand their business growth opportunities.

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Notice Title

Government Reporting & Cash Environment (Project Grace)

Notice Description

Government Banking Service (GBS) require a Financial Transaction Reporting (FTR) solution that can report intraday position data using transactional data which is used to supply HM Treasury with key financial information, allowing them to effectively deliver government cash management objectives. GBS require a solution that can capture and consolidate data for multiple entities (i.e. The Government Departments bank accounts) and return the information in a format acceptable to GBS and HMT. The solution must be banking industry standard, scalable, flexible, easy to maintain and must have the ability to debt and credit customers' accounts using various file uploads. Additionally, it must have the ability to 'zero' customer accounts, GBS currently utilises a SWIFT bureau and continues to require this method of connecting to the banks.

Lot Information

Lot 1

Government Banking Service (GBS) require a Financial Transaction Reporting (FTR) solution that can report intraday position data using transactional data which is used to supply HM Treasury with key financial information, allowing them to effectively deliver government cash management objectives. GBS require a solution that can capture and consolidate data for multiple entities (i.e. The Government Departments bank accounts) and return the information in a format acceptable to GBS and HMT. The solution must be banking industry standard, scalable, flexible, easy to maintain and must have the ability to debt and credit customers' accounts using various file uploads. Additionally, it must have the ability to 'zero' customer accounts, GBS currently utilises a SWIFT bureau and continues to require this method of connecting to the banks.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02d6ca
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/020315-2021
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66600000 - Treasury services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£5,005,098 £1M-£10M

Notice Dates

Publication Date
19 Aug 20214 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
26 Jul 20214 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
H M REVENUE & CUSTOMS
Contact Name
James Power
Contact Email
james.power1@hmrc.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

BOTTOMLINE TECHNOLOGIES

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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