Award

Collections System Replacement

STUDENT LOANS COMPANY LIMITED

This public procurement record has 1 release in its history.

Award

25 Feb 2022 at 10:54

Summary of the contracting process

The STUDENT LOANS COMPANY LIMITED is engaged in a public procurement process titled "Collections System Replacement." This tender falls within the software-related services category and is located in Glasgow, United Kingdom. Currently in the Award stage, the procurement method employed is a limited procedure, specifically designed for contracts without prior publication of a call for competition. The contract was signed on 18 February 2022, with a notable value of £3,326,080. This initiative aims to enhance collection and customer management for students who have been issued loans or grants.

This tender provides a significant opportunity for businesses specialising in software solutions, particularly those focused on customer management and debt collection systems. Companies that can offer innovative technologies and services that align with the specified award criteria, which prioritises both functional quality and price, would be well-positioned to compete. The potential for contract extension implies further opportunities for ongoing collaboration, making this an attractive prospect for larger firms in the tech industry looking to establish long-term relationships with public sector bodies.

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Notice Title

Collections System Replacement

Notice Description

The Buyer may use the Supplier Software for the purposes of collecting arrears from the Buyer's customers who have been issued with a student loan or grant by the Buyer.

Lot Information

Lot 1

SLC is seeking to procure products and services that provide an effective collection and customer management system with the latest functionality required to deliver collection strategies and facilitate better targeting of age, value and other risk factors. Compliant customers meeting their repayment obligations account for 64.52% of the loan books value. Customers who do not need to repay as they are still in study or have earnings below the threshold account for 28.02% of the loan books value. The remaining 7.46% of the loan book relates to customers who have been identified as either not repaying when they should be and/or customers in arrears.

Options: The Call-off Contract can be extended by the Buyer by mutual agreement for 2 period(s) of up to 12 months each.

Procurement Information

This procurement was carried out through CCS GCloud 12 framework (RM1557.12) and in accordance with the 6-step buying process CCS guidance.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-031b22
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/005254-2022
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support


CPV Codes

72260000 - Software-related services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£3,326,080 £1M-£10M

Notice Dates

Publication Date
25 Feb 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
18 Feb 20224 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
STUDENT LOANS COMPANY LIMITED
Contact Name
Alesia Milton
Contact Email
alesia_milton@slc.co.uk
Contact Phone
+44 1412433217

Buyer Location

Locality
GLASGOW
Postcode
G2 7JD
Post Town
Glasgow
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM8 West Central Scotland

Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

PEGASYSTEMS

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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