Tender

FSCS499 Cheque Printing and Pay-out Service

FINANCIAL SERVICES COMPENSATION SCHEME

This public procurement record has 1 release in its history.

Tender

18 Dec 2024 at 16:05

Summary of the contracting process

The Financial Services Compensation Scheme (FSCS) is currently in the Tender stage for the procurement titled "FSCS499 Cheque Printing and Pay-out Service," which falls under the industry category of Printing and distribution services. The procurement is valued at £400,000 and aims to appoint both a primary and a secondary cheque provider to ensure continuity of pay-out timeliness and capacities. The procurement process is open and follows an open procedure, with electronic and written submissions accepted. Key dates include the end of the tender period and bid opening on 27 January 2025, with the contract potentially commencing shortly thereafter. The contract location is the United Kingdom and covers a duration of 1080 days with the option to extend for an additional two years.

This tender represents a significant opportunity for businesses specialising in cheque printing and distribution services to secure a substantial contract and grow their operations. SMEs are particularly encouraged to participate, as the contract is deemed suitable for them. Businesses with the capacity to meet statutory timelines and flexibility to handle increased demands will be well-suited to compete. The tender's open procedure and substantial contract value provide a fair and promising avenue for businesses in this sector to enhance their market presence and secure a stable revenue stream over the contract period.

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Notice Title

FSCS499 Cheque Printing and Pay-out Service

Notice Description

This procurement is to appoint service contracts to a Primary and a Secondary Cheque Providers to assure continuity of pay-out timeliness and capacities.

Lot Information

Lot 1

FSCS is seeking to appoint two single Service Providers for the provision of Cheque Printing and Pay-out services. FSCS would seek to appoint a preferred/primary service provider (winning bid) and a secondary Service Provider (second placed bid ranked based on outcome of tender evaluation). The Secondary Provider would be able to provide services in the event any of the following circumstances apply: (i) Preferred Service Provider does not have enough capacity to execute a Payment Services Order to meet FSCS statutory timescales (ii) in the event of a major default(s) where FSCS at its discretion opts to use both suppliers in order to increase its chances of meeting statutory timelines. Additional information: To respond to this opportunity please click here: https://www.delta-esourcing.com/respond/Z2KFA7ZY45

Renewal: There is an option to extend for a further 2 x 12 months

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04c949
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/040835-2024
Current Stage
Tender
All Stages
Tender

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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79824000 - Printing and distribution services

Notice Value(s)

Tender Value
£400,000 £100K-£500K
Lots Value
£333,334 £100K-£500K
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Dec 20241 years ago
Submission Deadline
27 Jan 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FINANCIAL SERVICES COMPENSATION SCHEME
Contact Name
Procurement
Contact Email
procurement@fscs.org.uk
Contact Phone
+44 2073758175

Buyer Location

Locality
LONDON
Postcode
EC3A 7QU
Post Town
Central 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
City of London
Electoral Ward
Portsoken
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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