This public procurement record has 2 releases in its history.

Award

06 Dec 2023 at 15:33

Tender

29 Apr 2022 at 16:27

Summary of the contracting process

National Savings and Investments (NS&I) is seeking a strategic supplier for managed services in the Rainbow Customer Contact and Core Banking procurement. The tender, titled "Rainbow Customer Contact and Core Banking - LOT 1 - Customer Contact Centre and Operations," falls under the services category with a procurement method of selective competitive procedure with negotiation. The procurement is for contact centre services, including Assisted Digital capabilities, for vulnerable and digitally excluded customers. NS&I, the buying organisation, is based in London, United Kingdom, and the tender is currently in the award stage, with a contract value of £275,959,714 signed on 3rd November 2023.

This tender presents an opportunity for businesses providing customer services, particularly in the financial services industry, to compete for a substantial contract with valuable public sector visibility. Businesses with expertise in managing contact centre operations and integrating digital self-service capabilities would be well-suited to bid for this tender from NS&I. The procurement includes a significant contract value that can support business growth and long-term partnership opportunities with NS&I, a major retail savings organisation in the UK's financial landscape.

How relevant is this notice?

Notice Title

Rainbow Customer Contact and Core Banking - LOT 1 - Customer Contact Centre and Operations

Notice Description

This procurement is for a strategic supplier of managed services to support, deliver and integrate contact centre services, including the provision of Assisted Digital capabilities, supporting customers through digital self-service and customer journeys to perform on their behalf when needed to support vulnerable and digitally excluded customers.

Lot Information

Customer Contact Centre and Operations

This procurement will consist of two packages. The Customer Contact and Operations package will procure a strategic supplier of managed services to support, deliver and integrate contact centre services, including the provision of Assisted Digital capabilities, supporting customers through digital self-service and customer journeys to perform on their behalf when needed to support vulnerable and digitally excluded customers. The Core Banking, Payment and Reporting package will will procure a strategic supplier of managed services to deliver and integrate core banking services and systems of record, including: customer accounts and account lifecycle management; pooled accounts; payment verification and transaction processing; interest calculations and capitalisation; statement generation; product development and lifecycle management; general ledger and product accounting; fraud detection and monitoring; account and customer management information; insight capabilities; reporting and knowledge management; and Open Banking.

Options: NS&I intends to award the Lot 1 (Customer Contact and Operations) contract on the following basis with regards to duration: * A 12 months implementation period, followed by: * A four-year (48 month) initial operational term, (Representing a total initial period of 60 months) And; * A discretionary one-year (12 month) extension period following the end of the initial operational term.

Renewal: Lot 1 (Customer Contact Centre and Operations): A discretionary 1-year (12 month) extension period following the end of the 1-year (12 month) implementation period and 4-year initial operational term (48 month)

Core Banking, Payment, and Reporting

Lot 2 (Core Banking, Payments and Reporting) will deliver and integrate core-banking services and systems of record, including: customer accounts and account lifecycle management; pooled accounts; payment verification and transaction processing; interest calculations and capitalisation; statement generation; product development and lifecycle management; general ledger, and product accounting; fraud detection and monitoring; account and customer management information and reporting; and Open Banking. Lot 2 will support customer management including: customer onboarding and lifecycle management; customer data management and retention. Support for data and insight capability including data warehouse, system integration, ETL, query and reporting tools. Lot 2 also delivers support for NS&I's prize winning savings products, including bond number allocation and prize draws and will also be responsible for migration and management of customer, account, and other data from legacy systems. NS&I provides services to other government departments via B2B offer, called Government Payment Services (GPS). NS&I Please note the total contract value is made up of two parts. The committed and approved spend to deliver the core requirements for this service totalling PS291,800,000 and an additional allowance for potential future B2B services which may be delivered utilising the same capabilities in future totalling PS188,500,000 which require additional approvals. By way of background, NS&I provides services to other government departments via B2B offer, called Government Payment Services (GPS). NS&I GPS offers modern, secure and competitive banking and payments services to all government departments, agencies and public sector organisations. Current B2B services include Help to Buy, Help to Save, 30 Hours of Childcare, Tax Free Childcare and Court Funds Office. There is potential for B2B services to be delivered through this contract in future, hence the additional allowance. Additional information: The Authority reserves the right not to award the opportunity or to award only part (or a different arrangement) of the opportunity described in this contract notice.

Options: NS&I intends to award the Lot 2 (Core Banking, Payments and Reporting) contract on the following basis with regards to duration: * A 24 months implementation period, followed by: * A seven-year (84 month) initial operational term, (Representing a total initial period of 108 months) And; A discretionary two-year (24 month) extension period following the end of the initial operational term.

Renewal: Lot 2 (Core Banking, Payments and Reporting: A discretionary 2-year (24 month) extension period following the end of the 2-year (24 month) implementation period and 7-year initial operational term (84 month)

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-033285
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/035979-2023
Current Stage
Award
All Stages
Tender, Award

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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

50 - Repair and maintenance services

64 - Postal and telecommunications services

66 - Financial and insurance services

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

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

48000000 - Software package and information systems

50334400 - Communications system maintenance services

64200000 - Telecommunications services

66100000 - Banking and investment services

66120000 - Investment banking services and related services

66151100 - Electronic marketplace retailing services

66172000 - Financial transaction processing and clearing-house services

72212333 - Contact management software development services

72212411 - Investment management software development services

72212442 - Financial systems software development services

72212510 - Communication software development services

72212511 - Desktop communications software development services

72310000 - Data-processing services

79212400 - Fraud audit services

79342300 - Customer services

79512000 - Call centre

Notice Value(s)

Tender Value
£756,100,000 £100M-£1B
Lots Value
£756,100,000 £100M-£1B
Awards Value
Not specified
Contracts Value
£275,959,714 £100M-£1B

Notice Dates

Publication Date
6 Dec 20232 years ago
Submission Deadline
31 May 2022Expired
Future Notice Date
Not specified
Award Date
3 Nov 20232 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
NS&I
Additional Buyers

National Savings and Investments

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1P 3BT
Postcode Area
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
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

Sopra Steria

Open Contracting Data Standard (OCDS)

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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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