Planning

HMCTS Financial Transaction Processing (Middle Office) Service

MINISTRY OF JUSTICE

This public procurement record has 1 release in its history.

Planning

16 Jul 2024 at 15:04

Summary of the contracting process

The Ministry of Justice, acting on behalf of His Majesty's Courts and Tribunals Service (HMCTS), has initiated a planned tender process for the procurement of the HMCTS Financial Transaction Processing (Middle Office) Service. The service encompasses handling financial transactions, data processing, and banking services crucial for court operations. The procurement involves appointing a supplier to implement a system capable of handling high transaction volumes efficiently. The procurement documents will be available via the Ministry of Justice's Jaggaer eSourcing Portal, with the Invitation to Tender expected to be published by the end of July 2024.

This tender opportunity presents a chance for businesses specialising in financial transaction processing and clearing-house services to compete for a significant government contract. Companies with expertise in managing high volumes of financial data, implementing efficient processes, and supporting complex transactional activities are well-suited to pursue this opportunity. The Ministry of Justice's planned procurement aims to modernise financial transaction processing within the courts, offering potential partners an avenue to contribute to this critical aspect of the justice system.

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Notice Title

HMCTS Financial Transaction Processing (Middle Office) Service

Notice Description

This Notice is issued by the Lord Chancellor acting as part of the Crown (the "Authority"). This service will be provided for the benefit of, and managed by, His Majesty's Courts and Tribunals Service (HMCTS) an executive agency of the Authority. The FTP middle office provides a range of data handling, processing, banking, and Management Information (MI) related services to support court services. The provision of these services is critical to the processing of the court operations and involves the handling of high volumes of processing tasks, including receipting, payments, validation, reconciliation, and consolidation of up to 10 million transactions (over PS3bn) per year. The Authority intends to appoint a supplier to implement a service that will include integrating and maintaining a system that can pay, receive, account and reconcile high volumes of data and financial transactions. It will incorporate the ability to drill down to detailed transactional levels, support the management of individual cases, include exception handling process and the implementation of efficiencies and improved ways of working. The supplier is also required to undertake a transition programme, including data migration, in parallel to the incumbent service. The procurement will be managed, and the procurement documents made available, via the Authority's Jaggaer eSourcing Portal. The Invitation to Tender is intended to be published before the end of July 2024.

Lot Information

Lot 1

The Invitation to Tender is intended to be published before the end of July 2024.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-047dd4
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/021897-2024
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning 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

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
Not specified

Notice Dates

Publication Date
16 Jul 20241 years ago
Submission Deadline
Not specified
Future Notice Date
22 Jul 2024Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
MINISTRY OF JUSTICE
Contact Name
Not specified
Contact Email
ftp_reprocurement@justice.gov.uk
Contact Phone
+44 02033343555

Buyer Location

Locality
LONDON
Postcode
SW1H 9AJ
Post Town
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

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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