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.

Planning

Overseas Payment Provider

STUDENT LOANS COMPANY

Contract Timeline

Publication Date

26th April 2025 21:03:36 PM

Planning Deadline

19th May 2025 23:59:59 PM Expired
Contract Summary

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 £260.8bn 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
Contract Details

Open Contracting ID

ocds-h6vhtk-0507fe

Publication Source

Find a Tender Service

Procurement Stage

Planning

Procurement Method

N/A

Procurement Method Details

N/A

Procurement Category

Services

Tender Suitability

Framework / DPS
Contract Classification

CPV Code(s)

CPV Division(s)
Awarding Authority

STUDENT LOANS COMPANY

Buyer Name

Diane Pirie

Buyer Email

Diane_Pirie@slc.co.uk

Buyer Phone

Buyer Address

The Memphis Building, Lingfield Point, McMullen Road

Darlington

DL1 1RW

United Kingdom

View contract on Find a Tender Service

Overseas Payment Provider

STUDENT LOANS COMPANY

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority