Award

Provision of Merchant Services

FIFE COUNCIL

This public procurement record has 1 release in its history.

Award

04 May 2022 at 14:41

Summary of the contracting process

The procurement process for the provision of merchant services is being conducted by Fife Council, based in Glenrothes, UK. This tender, identified as CFM0023, falls under the services category, specifically corporate finance and venture capital services (CPV code: 66122000). The procurement method utilised is a limited award procedure as per the Crown commercial services framework RM6118, which allows for an award without prior publication of a call for competition. The contract has a signed value of £200,000, and the award was finalised on 29 April 2022, reflecting that the process has reached the contract award stage.

This opportunity presents significant potential for businesses involved in corporate finance and payment processing services. Given that Worldpay has been awarded the contract, other companies in the financial services sector with capabilities in merchant payment solutions may find growth opportunities in related areas or subsequent tenders. Smaller firms and startups that specialise in innovative payment technologies or cost-effective financial solutions could also be well-suited to compete in similar future contracts, particularly those aiming to provide services aligned with the needs of public sector bodies like Fife Council.

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Notice Title

Provision of Merchant Services

Notice Description

Provision of Merchant Services

Lot Information

Lot 1

Appointment of a contractor capable of meeting the needs of the council in relation to the provision of merchant services. Award is being made in line with the terms and conditions of the current CCS framework RM6118. Additional information: Award is being made in line with the terms and conditions of the current CCS framework RM6118.

Procurement Information

Award is being made in line with the terms and conditions of the Crown commercial service framework RM6118.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0333ad
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/011536-2022
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
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

66 - Financial and insurance services


CPV Codes

66122000 - Corporate finance and venture capital services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£200,000 £100K-£500K

Notice Dates

Publication Date
4 May 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
28 Apr 20223 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
FIFE COUNCIL
Contact Name
Not specified
Contact Email
wendy.wylie@fife.gov.uk
Contact Phone
+44 3451550000

Buyer Location

Locality
GLENROTHES
Postcode
KY7 5LT
Post Town
Kirkcaldy
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM0 Eastern Scotland
Small Region (ITL 3)
TLM01 Clackmannanshire and Fife
Delivery Location
TLM72 Clackmannanshire and Fife

Local Authority
Fife
Electoral Ward
Glenrothes Central and Thornton
Westminster Constituency
Glenrothes and Mid Fife

Supplier Information

Number of Suppliers
1
Supplier Name

WORLDPAY

Open Contracting Data Standard (OCDS)

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