Tender

Digital Payment Solution Framework

HYDE HOUSING ASSOCIATION

This public procurement record has 1 release in its history.

Tender

17 Nov 2021 at 14:14

Summary of the contracting process

The procurement process, initiated by Hyde Housing Association, is focused on acquiring a Digital Payment Solution Framework within the financial and insurance services sector. This tender is currently at the active stage, with bids accepted until 17 December 2021. The contract is valued at £20 million, allowing for a five-year call-off contract with an option to extend for an additional two years. This project aims to comply with UK Procurement legislation and encompasses the delivery location in London.

This tender presents a significant opportunity for small and medium enterprises (SMEs) looking to expand their portfolio in digital payment solutions. Businesses specialising in financial technologies, payment processing, and software development would be well-suited to compete for this contract. Participation in this procurement could lead to long-term partnerships with Hyde Housing Association and potential future contracts, given the framework's structure allowing multiple successful bidders.

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Notice Title

Digital Payment Solution Framework

Notice Description

Hyde's intention in respect of this invitation to tender is to procure a digital payment solution to meet the company's listed requirements. Hyde's key aims, objectives and full list of requirements are covered in the ITT document. Hyde intends to enter into a Framework Agreement by going through a full process that will follow UK Procurement legislation under which it intends to issue a call-off contract with the highest ranked Bidder for a period of five (5) years with an option to extend for a further two (2) years. Other successful Bidders may also be issued a contract. Bidders should note that there may be multiple successful parties awarded a place on the framework but, as with any framework, this does not guarantee a call-off contract. The Framework Agreement will last for a period of four (4) years.

Lot Information

Lot 1

Hyde's intention in respect of this invitation to tender is to procure a digital payment solution to meet the company's listed requirements. Hyde's key aims, objectives and full list of requirements are covered in the ITT document. Hyde intends to enter into a Framework Agreement by going through a full process that will follow UK Procurement legislation under which it intends to issue a call-off contract with the highest ranked Bidder for a period of five (5) years with an option to extend for a further two (2) years. Other successful Bidders may also be issued a contract. Bidders should note that there may be multiple successful parties awarded a place on the framework but, as with any framework, this does not guarantee a call-off contract. The Framework Agreement will last for a period of four (4) years. More details available in the ITT document. Additional information: Important Note: The Framework Value of PS20,000,000 does not relate to the contract value. The Framework Value is a nominal amount to provide sufficient scope for framework usage by other public sector bodies during the 4 year framework term. The Contract Value is c.PS350kp/a or c.PS2.45M over the proposed 5+2 year contract term.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02f795
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/028710-2021
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£20,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
17 Nov 20214 years ago
Submission Deadline
17 Dec 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
HYDE HOUSING ASSOCIATION
Contact Name
Sanja Topalovic
Contact Email
procurementhelpdesk@hyde-housing.co.uk
Contact Phone
+44 2032072574

Buyer Location

Locality
LONDON
Postcode
SE1 9EQ
Post Town
South East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
TLI London

Local Authority
Southwark
Electoral Ward
Borough & Bankside
Westminster Constituency
Bermondsey and Old Southwark

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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