Award

NCA21335 Aspire Cash Service

UNIVERSITY OF EDINBURGH

This public procurement record has 1 release in its history.

Summary of the contracting process

The University of Edinburgh, located at Chambers Street, Edinburgh, recently completed the procurement process for a 12-month pilot contract titled "NCA21335 Aspire Cash Service," with an option for an additional 12-month extension. This service is aimed at facilitating financial assistance to students in hardship through cash, vouchers, and draw-down funds. The contract, valued at an estimated GBP110,000 assuming maximum uptake, was awarded to John Smith & Son using a limited procurement method without prior publication due to the lack of competition in the market, as identified through engagement with other universities. The contract commenced on 6th May 2025 to explore the viability of the service, streamline internal resources, and measure future requirements.

This tender presents significant growth opportunities for businesses specialising in financial technology services, particularly those focused on innovative payment solutions within the education sector. SMEs with expertise in efficient financial transaction processing could leverage such contracts to expand their service offerings and enter the higher education market. Given the pilot nature of the contract and potential for a more extensive agreement post-evaluation, stakeholders should be prepared to demonstrate capability and scalability to meet the demands foreseen in any subsequent Invitation to Tender (ITT). Engaging with similar institutions could also provide insight into market expectations and competitive positioning.

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Notice Title

NCA21335 Aspire Cash Service

Notice Description

The University of Edinburgh has awarded a contract to JS Group, for provision of their ASPIRE Cash service, allowing the University to dispense imbursements to students experiencing hardship, in the form of cash, vouchers and draw-down funds. This is a 12-month contract with an optional further 1 x 12-month extension. This is a pilot contract aimed at testing the value of utilising the Aspire service to facilitate hardship payments to students with minimum delay. It is intended that this will also free up internal resource and allow measurement of the true extent of our requirement. It should be noted that the contract value is an estimate, based on a flat % fee per transaction. Actual contract value may be significantly lower if the uptake of this payment service during the pilot period. A value of GBP110,000 has been used, but this applies only in the case of exercising a 12-month extension, and assumes maximum uptake. Real figure expected to be significantly lower, particularly in the initial 12 months period.

Lot Information

Lot 1

A contract award is a 12 month subscription to the ASPIRE Cash service from JS Group. This allows the University to dispense imbursements to students experiencing hardship, in the form of cash, vouchers and draw-down funds. An optional further 1 x 12-month extension is included. This is a pilot, aimed meeting the immediate need while testing the uptake of a facility to process these unusual payments with minimum delay, freeing up internal resource and allowing measurement of uptake and development of a future ITT. It should be noted that the contract value is an estimate, based on a flat % fee per transaction. Actual contract value may be significantly lower if the uptake of this payment service during the pilot period.. NB. it is possible, and likely at this stage, that uptake will be far smaller than we have allowed for in the award value. Should the contract uptake prove to be higher than anticipated the University will accelerate plans to prepare an ITT and opent to competition as soon as possible.

Procurement Information

Engaging with several other organisations has returned the intelligence that some 35 other Universities are also using this service and that no competition emerged in their engagement with the market. The University is still exploring whether or not there will be enough uptake to warrant an ITT exercise, but in the absence of any known competition we are awarding a pilot contract to allow us to quantify the scale of our requirement and test the market in 12 months with a more informed specification and ITT fit to a know requirement rather than a speculative exercise.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000798020
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY529708
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

66 - Financial and insurance services


CPV Codes

48442000 - Financial systems software package

66172000 - Financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£110,000 £100K-£500K

Notice Dates

Publication Date
6 May 20259 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
6 May 20259 months ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF EDINBURGH
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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

Supplier Information

Number of Suppliers
1
Supplier Name

JOHN SMITH & SON

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY529708
    NCA21335 Aspire Cash Service - The University of Edinburgh has awarded a contract to JS Group, for provision of their ASPIRE Cash service, allowing the University to dispense imbursements to students experiencing hardship, in the form of cash, vouchers and draw-down funds. This is a 12-month contract with an optional further 1 x 12-month extension. This is a pilot contract aimed at testing the value of utilising the Aspire service to facilitate hardship payments to students with minimum delay. It is intended that this will also free up internal resource and allow measurement of the true extent of our requirement. It should be noted that the contract value is an estimate, based on a flat % fee per transaction. Actual contract value may be significantly lower if the uptake of this payment service during the pilot period. A value of GBP110,000 has been used, but this applies only in the case of exercising a 12-month extension, and assumes maximum uptake. Real figure expected to be significantly lower, particularly in the initial 12 months period.

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