Award

PROVISION OF A GLOBAL OUTBOUND PAYMENT SOLUTION INCLUSIVE OF THE DESIGN, TESTING, HOSTING AND MANAGEMENT OF SERVICES

UNIVERSITY OF STRATHCLYDE

This public procurement record has 2 releases in its history.

Award

25 Nov 2025 at 00:00

Tender

10 Oct 2024 at 00:00

Summary of the contracting process

The University of Strathclyde is seeking a supplier to provide a comprehensive global outbound payment solution that integrates with Unit4 Business World On. The procurement process is in the 'Tender' stage with an open procedure method. The tender, valued at £700,000, falls under the services category within the education sector. It will support the university in making international payments in multiple currencies. Key dates include the tender submission deadline on 11th November 2024 and the award start date on the same day. The location for delivery is Glasgow, Scotland.

This tender offers significant opportunities for businesses specialising in automated payment systems, particularly those experienced with financial technologies and integrations. Companies that are FCA regulated and possess relevant accreditations such as Cyber Essentials (+) or ISO27001 would be best suited. The contract is extensive, potentially spanning five years with two optional 12-month extensions, and requires providers with robust financial stability and insurance coverage. Winning this contract can open up new market opportunities and provide a stable long-term relationship with a prestigious academic institution.

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Notice Title

PROVISION OF A GLOBAL OUTBOUND PAYMENT SOLUTION INCLUSIVE OF THE DESIGN, TESTING, HOSTING AND MANAGEMENT OF SERVICES

Notice Description

University of Strathclyde required an automated payment mechanism capable of integrating with Unit4 Business World On to make global outbound payments to multiple countries in multiple currencies

Lot Information

Lot 1

University of Strathclyde was seeking a supplier to provide a Global Outbound Payment Solution. The supplier is required to provide a comprehensive global outbound payment solution capable of integrating with Unit4 Business World On to University of Strathclyde to facilitate the transfer and accounting for all payments to our global suppliers including sundry suppliers. Currently approximately 2800 GBP and currency transactions equating to approximately 10 million are incurred annually across around 45 different currencies. The solution offered has the ability to integrate and take data feed from Unit4 Business World On.

Renewal: The contracting authority exercises the right to extend this contract by two periods of up to 12-months. The extension will be utilised at the sole discretion of the contracting authority.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000780263
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV544202
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


CPV Codes

66110000 - Banking services

66115000 - International payment transfer services

Notice Value(s)

Tender Value
£700,000 £500K-£1M
Lots Value
£700,000 £500K-£1M
Awards Value
Not specified
Contracts Value
£425,000 £100K-£500K

Notice Dates

Publication Date
25 Nov 20253 months ago
Submission Deadline
11 Nov 2024Expired
Future Notice Date
Not specified
Award Date
9 Oct 20254 months ago
Contract Period
Not specified - Not specified
Recurrence
contract is up for renewal three years after start date. However the contract has two options of up to 12 month extensions to the latest renewal may be 5 years from start date.

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF STRATHCLYDE
Contact Name
Laura Shaw
Contact Email
laura.shaw@strath.ac.uk
Contact Phone
Not specified

Buyer Location

Locality
GLASGOW
Postcode
G1 1QE
Post Town
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 East

Supplier Information

Number of Suppliers
1
Supplier Name

CONVERA

Further Information

Notice Documents

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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