Award

Student Payment Service Provider

UNIVERSITY OF BRISTOL

This public procurement record has 3 releases in its history.

Award

04 Jun 2024 at 14:02

Tender

23 Nov 2023 at 14:08

Planning

11 Jul 2023 at 13:52

Summary of the contracting process

The University of Bristol is seeking a single supplier for the "Student Payment Service Provider" contract. The procurement is for international payment transfer services falling under the services category. The contract, with a total value of £7.5M over five years, has been awarded to Flywire Payments Limited. The procurement method was an open procedure, and key dates include the contract award date of January 17, 2023.

The University's procurement of a Payment Service Provider & Merchant Acquirer aims to replace two existing contracts with a single supplier. This planned tender focuses on financial transaction processing and clearing-house services falling under the services category. The procurement is at the planning stage, with details outlining the specific requirements and upcoming opportunities for interested suppliers.

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Notice Title

Student Payment Service Provider

Notice Description

The University of Bristol is seeking a single supplier to deliver business objectives relevant to the procurement include providing a secure, compliant, and efficient (with respect to time and cost) payment service which meets the diverse needs of a wide range of payers and forms a positive part of the overall student experience.

Lot Information

Lot 1

The priority of the University is to ensure the timely and accurate posting of income, and prompt resolution of payment queries. To deliver a positive payment experience to students we aim to provide: - a secure and efficient (with respect to time and cost) payment service, - prompt, courteous, and well-informed resolution of queries around payment, - a range of payment channels to suit different needs, and -maximum visibility for the student of their payment from initiation to allocation.

Renewal: Contract is five (5) years split into initial three (3) years, with two (2) plus one (1) year options to extend (3 + 1 + 1)

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03e0b1
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/017302-2024
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
Planning 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

66115000 - International payment transfer services

66172000 - Financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£7,500,000 £1M-£10M

Notice Dates

Publication Date
4 Jun 20241 years ago
Submission Deadline
10 Jan 2024Expired
Future Notice Date
13 Jul 2023Expired
Award Date
17 Jan 20233 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
UNIVERSITY OF BRISTOL
Contact Name
Lee Bryant
Contact Email
lee.bryant@bristol.ac.uk
Contact Phone
+44 01179289000

Buyer Location

Locality
BRISTOL
Postcode
BS1 5DS
Post Town
Bristol
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK51 Bristol, City of
Delivery Location
Not specified

Local Authority
Bristol, City of
Electoral Ward
Central
Westminster Constituency
Bristol Central

Supplier Information

Number of Suppliers
1
Supplier Name

FLYWIRE PAYMENTS

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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