Planning

Foreign Currency Payments Service

UNIVERSITY OF EDINBURGH

This public procurement record has 1 release in its history.

Planning

24 Sep 2018 at 00:00

OJEU - F1 - Prior Information Notice
Summary of the contracting process

The University of Edinburgh is seeking to procure a Foreign Currency Payments Service, as part of its planned procurement process. Located in Edinburgh, Scotland, this tender is currently in the planning stage. The projected date for future notices related to this tender is 1st November 2018. This procurement falls under the services category in the education industry and addresses the university's need to manage foreign currency transactions effectively.

This tender offers a significant opportunity for financial service providers with expertise in foreign currency management and payment systems. Businesses with capabilities in developing user-friendly platforms for currency payment processing, particularly those that can accommodate multiple financial codes and cater to diverse user needs, would be well-positioned to compete. As the university plans to handle a considerable volume of transactions, companies able to demonstrate reliability and compliance with the necessary legal frameworks will find this contract particularly advantageous for growth.

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Notice Information

Notice Title

Foreign Currency Payments Service

Notice Description

The University of Edinburgh has a need to make payments in foreign currency on a regular basis. The currency payment system must allow for recording of financial codes needed to record the payments in the financial ledger.

Lot Information

Lot 1

The University of Edinburgh has a need to make payments in foreign currency on a regular basis. The currency payment system must allow for the recording of financial codes needed to record the payments in the financial ledger. Payments are batched and processed twice weekly. Most foreign currency payments are processed via this method occasionally there is a need for payments to be made in a currency not supported via our system. In these instances payments are processed through the University's bank. The University has a large number of devolved users who require to enter data into the system, run queries and report on the transactions processed.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000557488
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP332321
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
OJEU - F1 - Prior Information 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
24 Sep 20187 years ago
Submission Deadline
Not specified
Future Notice Date
1 Nov 2018Expired
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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF EDINBURGH
Contact Name
Fred Davidson
Contact Email
fred.davidson@ed.ac.uk
Contact Phone
+44 1316509125

Buyer Location

Locality
EDINBURGH
Postcode
EH1 1HT
Post Town
Edinburgh
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLM75 City of Edinburgh
Local Authority
City of Edinburgh
Electoral Ward
City Centre
Westminster Constituency
Edinburgh East and Musselburgh

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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