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Banking and Merchant Services

Strathclyde Partnership for Transport

This public procurement record has 2 releases in its history.

Award

25 Feb 2019 at 00:00

OJEU - F3 - Contract Award Notice
Tender

20 Nov 2018 at 00:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The Strathclyde Partnership for Transport (SPT) has completed a public procurement process for "Banking and Merchant Services" with the aim of engaging suitably qualified contractors. The tender was active until 20th December 2018 and was divided into two lots: Lot One for Banking Services and Lot Two for Merchant Services, both located in Glasgow. This open procedure allowed tenderers to submit bids for one or both lots, with a contract duration of three years and the possibility of two one-year extensions. The key award date for the contracts was 22nd February 2019.

This procurement presents significant opportunities for businesses specialising in banking and merchant services, particularly those with capacity to handle contracts of substantial value—Lot One is worth approximately £91,035, while Lot Two is valued at around £422,633. Companies that have experience in public sector contracts, can meet stringent financial and insurance requirements, and are equipped for long-term service commitments would be particularly well-suited to compete for future tenders in this category.

How relevant is this notice?

Notice Information

Notice Title

Banking and Merchant Services

Notice Description

SPT were seeking to engage with suitably qualified contractor(s) for the provision of banking and merchant services. This tender exercise was divided into two lots: Lot One Banking Services Lot Two Merchant Services Tenderers could submit a bid for one or both lots. The duration of this contract will be three years with the option of two one year extensions as the sole discretion of SPT. All pricing submitted will remain fixed for up to the five years.

Lot Information

Banking Services

SPT were seeking suitably qualified organisations to provide banking services. The contract will be for three years with two one year extensions at the sole discretion of SPT.

Options: SPT reserve the right to seek an option for Credit and Purchasing Cards from the successful tenderer.

Renewal: Two one year extensions can be granted at the sole discretion of SPT

Merchant Services

SPT were looking to contract with a suitably qualified organisation to provide Merchant Services as described in the scope services provided in Volume 2 of the tender documentation.

Renewal: Two one year extensions may be granted at the sole discretion of SPT.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000565089
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=FEB346661
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

CPV Codes

66110000 - Banking services

79990000 - Miscellaneous business-related services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£513,668 £500K-£1M

Notice Dates

Publication Date
25 Feb 20197 years ago
Submission Deadline
20 Dec 2018Expired
Future Notice Date
Not specified
Award Date
22 Feb 20197 years ago
Contract Period
Not specified - Not specified
Recurrence
November 2023

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Strathclyde Partnership for Transport
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G2 5JF
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM82 Glasgow City
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

Bank of Scotland

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV337944
    Banking and Merchant Services - SPT are seeking to engage with suitably qualified contractor(s) for the provision of banking and merchant services. This tender exercise is divided into two lots: Lot One Banking Services Lot Two Merchant Services Tenderers can submit a bid for one or both lots. The duration of this contract will be three years with the option of two one year extension as the sole discretion of SPT. All pricing submitted will remain fixed for up to the five years.
  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=FEB346661
    Banking and Merchant Services - SPT were seeking to engage with suitably qualified contractor(s) for the provision of banking and merchant services. This tender exercise was divided into two lots: Lot One Banking Services Lot Two Merchant Services Tenderers could submit a bid for one or both lots. The duration of this contract will be three years with the option of two one year extensions as the sole discretion of SPT. All pricing submitted will remain fixed for up to the five years.

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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