Tender

ID5158 Stansted and East Midlands Airports - Foreign Exchange Concession

MAG AIRPORT LIMITED

This public procurement record has 1 release in its history.

Tender

26 Sep 2022 at 08:59

Summary of the contracting process

The procurement process is for the provision of Foreign Exchange and other financial services at Stansted and East Midlands Airports. The buying organisation, MAG Airport Limited, is seeking suppliers to provide these services. The tender titled "ID5158 Stansted and East Midlands Airports - Foreign Exchange Concession" falls under the main procurement category of services with a total contract value of £275,000,000 GBP. The contract period is from April 1, 2023, to March 31, 2028. The procurement stage is currently active, with the tender closing on October 11, 2022.

This tender offers an opportunity for businesses providing Foreign Exchange and Banking services to compete for a lucrative contract to serve passengers flying from and into Stansted and East Midlands Airports. Suitable businesses should hold licenses with Regulatory Authorities such as the Financial Conduct Authority and HMRC Money Service Business. MAG Airport Limited, the contracting authority, based in Manchester, UK, will conduct the procurement process electronically via the MAGSource tendering platform. Interested parties must register on the platform to access the Procurement documents and submit their bids before the deadline.

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Notice Title

ID5158 Stansted and East Midlands Airports - Foreign Exchange Concession

Notice Description

Foreign Exchange and other financial services at Stansted and East Midlands Airports

Lot Information

Lot 1

Providing Foreign Exchange and Banking Services to passengers flying from and into Stansted and East Midlands Airports. Additional information: Interested parties must register on the MAGSource tendering platform at the following address https://esourcing.waxdigital.co.uk/MAG/Signin.aspx. Bidders MUST confirm registration by emailing andy_hayes@stanstedairport.com. You will then be provided with access to the Procurement documents relating to the project

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-036b49
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/026810-2022
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66110000 - Banking services

66180000 - Foreign exchange services

Notice Value(s)

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

Notice Dates

Publication Date
26 Sep 20223 years ago
Submission Deadline
11 Oct 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2023 - 31 Mar 2028 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
MAG AIRPORT LIMITED
Contact Name
Andy Hayes
Contact Email
andy_hayes@stanstedairport.com
Contact Phone
+44 8712710711

Buyer Location

Locality
MANCHESTER
Postcode
M90 1QX
Post Town
Manchester
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
Not specified

Local Authority
Manchester
Electoral Ward
Woodhouse Park
Westminster Constituency
Wythenshawe and Sale East

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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