Award

Merchant Acquiring Services

HYNDBURN BOROUGH COUNCIL

This public procurement record has 2 releases in its history.

Award

15 Jun 2023 at 08:33

Tender

21 Dec 2022 at 10:59

Summary of the contracting process

The Hyndburn Borough Council has completed the procurement process for 'Merchant Acquiring Services'. This falls under the banking services category and is part of the services main procurement category. The duration of the contract is initially for 3 years with an option to extend for an additional 2 years. The contract was awarded to Lloyds Bank Cardnet. The contract value is £66,000 and was signed on 28th March 2023.

This tender for 'Merchant Acquiring Services' by Hyndburn Borough Council presents a growth opportunity for businesses in the banking services industry. Businesses offering merchant acquiring services and related financial solutions would be well-suited to compete in this tender process. The procurement method used was an open procedure, providing fair access for interested suppliers to participate in the bidding process.

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Notice Title

Merchant Acquiring Services

Notice Description

Merchant acquiring services with a duration of 3 years and the option to renew for a further 2 years.

Lot Information

Lot 1

Merchant acquiring services for 3 years as per contract specification.

Renewal: Tenderers are invited to submit a proposal for a new contract with a duration of an initial period of 3 years, with the option to renew for a further 2 years on a 1 + 1 year basis. Note: the Council may decide not to renew the contract after the initial period and to retender for the services required.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-039337
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/016967-2023
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£66,000 Under £100K

Notice Dates

Publication Date
15 Jun 20232 years ago
Submission Deadline
7 Feb 2023Expired
Future Notice Date
Not specified
Award Date
27 Mar 20232 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
HYNDBURN BOROUGH COUNCIL
Contact Name
James McNulty
Contact Email
james.mcnulty@hyndburnbc.gov.uk
Contact Phone
+44 1254380633

Buyer Location

Locality
ACCRINGTON
Postcode
BB5 0PF
Post Town
Blackburn
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD4 Lancashire
Small Region (ITL 3)
TLD46 East Lancashire
Delivery Location
TLD North West (England), TLD46 East Lancashire

Local Authority
Hyndburn
Electoral Ward
Spring Hill
Westminster Constituency
Hyndburn

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS BANK CARDNET

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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