Tender

Tate Galleries - Full-service payment provider

TATE GALLERY

This public procurement record has 1 release in its history.

Tender

11 Sep 2021 at 08:14

Summary of the contracting process

Tate Gallery is seeking a full-service payment provider as part of a significant transformation of its customer-facing and revenue-generating systems. This procurement falls under the services category, specifically focusing on financial transaction processing and clearing-house services. The tender is currently active and is scheduled to close on 4th October 2021. The procurement method is a selective procedure with negotiation, highlighting an accelerated process due to dependent contracts requiring this provider to be in place promptly. Interested parties must deliver proposals electronically to Tate Gallery, located at 20 John Islip Street, London, SW1P 4RG, UK.

This contract presents a substantial opportunity for small to medium enterprises (SMEs) and businesses specialising in payment processing services. By consolidating existing payment methods into a single provider, Tate seeks innovative partners capable of delivering cutting-edge solutions and exceptional service. This project not only aims to enhance user experience but also strives to reduce operational costs through economies of scale, making it an attractive proposition for competitive bidders with a proven track record in financial technology and related services.

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Notice Title

Tate Galleries - Full-service payment provider

Notice Description

Tate is embarking on an ambitious and wide-reaching transformation of its customer-facing and revenue-generating systems. One of the key projects within this programme of change is to consolidate the existing disparate payment processors serving our various business functions and replace them with a single full-service payment service provider. This project will enhance our customer experience across all touchpoints, unlock various strategic initiatives, enable joined-up reporting across the business, and offer a more attractive commercial proposition to Tate through lower fees afforded by economies of scale. Tate are seeking a long-term partner who will be able to provide a first-class product backed up by outstanding service and account management, and who will not just enable our roadmap and aspirations but also challenge us to go beyond our boundaries and continuously build and innovate so that we maintain our sector-leading proposition.

Lot Information

Lot 1

Tate is embarking on an ambitious and wide-reaching transformation of its customer-facing and revenue-generating systems. One of the key projects within this programme of change is to consolidate the existing disparate payment processors serving our various business functions and replace them with a single full-service payment service provider. This project will enhance our customer experience across all touchpoints, unlock various strategic initiatives, enable joined-up reporting across the business, and offer a more attractive commercial proposition to Tate through lower fees afforded by economies of scale. Tate is inviting PSPs to tender for this business. We are seeking a long-term partner who will be able to provide a first-class product backed up by outstanding service and account management, and who will not just enable our roadmap and aspirations but also challenge us to go beyond our boundaries and continuously build and innovate so that we maintain our sector-leading proposition. Please note the value of this contract is the total value of payments that will be processed (on average) by the PSP.

Renewal: As the contract is intended to be a long-term partnership, the contract will have a minimum term of 3 years with extensions agreed between the parties from time to time.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02dfc1
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/022610-2021
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66172000 - Financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£45,000,000 £10M-£100M
Lots Value
£45,000,000 £10M-£100M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 Sep 20214 years ago
Submission Deadline
4 Oct 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
TATE GALLERY
Contact Name
Not specified
Contact Email
declan.mcalister@tate.org.uk
Contact Phone
+44 2078878811

Buyer Location

Locality
LONDON
Postcode
SW1P 4RG
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
Vincent Square
Westminster Constituency
Cities of London and Westminster

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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