Planning

Overseas Payment Provider

STUDENT LOANS COMPANY LTD

This public procurement record has 1 release in its history.

Planning

26 Apr 2025 at 21:03

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

The Student Loans Company Ltd, a public authority operating under sub-central government, is in the planning stage of a procurement process for a service titled "Overseas Payment Provider". This initiative is targeted towards assisting SLC's 9.7 million customers living abroad to manage their loan repayments in foreign currencies efficiently. The procurement falls under the services category, specifically international payment transfer services, and is to be executed in Darlington, United Kingdom. The preliminary market engagement phase, aimed at gauging market interest and refining the procurement strategy, is scheduled to culminate by 19th May 2025. The contract period is projected to span from 30th June 2026 to 30th June 2031, with potential extensions up to 2033.

This procurement presents a significant opportunity for businesses specializing in international payment processing services. Companies adept at integrating systems for efficient reconciliation and customer data handling will find this tender particularly appealing. The engagement offers a chance not only for service provision but also for long-term collaboration with a major public entity managing a substantial financial operation. Suppliers with experience in handling bulk financial transactions and cross-currency processing are best suited to compete in this process, which could lead to enduring business growth and expansion within the public sector.

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Notice Information

Notice Title

Overseas Payment Provider

Notice Description

The Student Loans Company (SLC)is a non-profit making government owned organisation that administers loans and grants to students in colleges and universities in the UK. We have 9.7 million customers, manage a loan book worth PS260.8bn and manage the full end to end "apply, asses, pay and repay "process. SLC is seeking a supplier to provide a repayment service for SLC customers, who live abroad ,that allows them to make low-cost repayments in the foreign currency of their choosing and for this to be quickly repaid to SLC in sterling. The service must capture all customer contact information and SLC customer reference number, these details to be captured for every transaction made and sent onto SLC to allow SLC to quickly identify the customer account to be credited. Integration to a SLC system will be necessary to allow for an efficient reconciliation process. For more information about this opportunity, please visit the Delta eSourcing portal at: https://www.delta-esourcing.com/tenders/UK-title/3A2M7NPBDC To respond to this opportunity, please click here: https://www.delta-esourcing.com/respond/3A2M7NPBDC

Planning Information

Prior to initiating the procurement, SLC wishes to establish the level of market interest to participating in the forth coming procurement process. Suitably qualified and experienced suppliers who may have an interest in this project are invited to complete the questionnaire that is available to registered suppliers via the Delta e-tendering system, for this Preliminary Market Engagement. The high level requirements are detailed within the online questionnaire. The purpose of the market engagement is to help assess the reaction of the market, to understand risks and future possibilities to ensure a future proofed procurement strategy and resulting contract. Please note that lengthy questionnaire responses are not necessary at this stage. However, SLC would welcome any pertinent information on your company's views on an approach to the provision of the required services. Any submission received in response to this exercise will not constitute any contractual agreement between the respondent and SLC. Nor does the receipt of a response automatically include the respondent in the procurement process. A Tender Notice will be issued to the market which will provide details of how the relating procurement documentation can be accessed and timescales for submission of the said tender response. Interested parties shall bear their own costs of participation in this Market Engagement of whatever nature. SLC shall not be liable for the costs, expenses or losses howsoever arising (including, without limitation, any loss of profit or other economic loss incurred), regardless of the outcome of the Market Engagement. The next stage in the process will be considered once this exercise has been completed. **PLEASE NOTE: ALL COMPLETED QUESTIONNAIRES MUST BE SUBMITTED, BEFORE 12:00 on the date specified within the Preliminary Market Engagement tenderbox, namely Monday 19th May 2025.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0507fe
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/017168-2025
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK2 - Preliminary Market Engagement 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

66115000 - International payment transfer services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
26 Apr 202510 months ago
Submission Deadline
Not specified
Future Notice Date
19 May 2025Expired
Award Date
Not specified
Contract Period
30 Jun 2026 - 30 Jun 2031 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Planning
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
STUDENT LOANS COMPANY LTD
Contact Name
Diane Pirie
Contact Email
diane_pirie@slc.co.uk
Contact Phone
Not specified

Buyer Location

Locality
DARLINGTON
Postcode
DL1 1RW
Post Town
Darlington
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC3 Tees Valley
Small Region (ITL 3)
TLC33 Darlington
Delivery Location
Not specified
Local Authority
Darlington
Electoral Ward
Red Hall & Lingfield
Westminster Constituency
Darlington

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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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