---
title: "Award of Contract for Cheque Clearing Services"
ocid: "ocds-b5fd17-5d5445d4-e010-418b-8f48-7b2b9a17bca4"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-5d5445d4-e010-418b-8f48-7b2b9a17bca4"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-5d5445d4-e010-418b-8f48-7b2b9a17bca4.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-5d5445d4-e010-418b-8f48-7b2b9a17bca4.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "POST OFFICE LIMITED"
published: "2022-01-07"
---

# Award of Contract for Cheque Clearing Services

Buyer: POST OFFICE LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-5d5445d4-e010-418b-8f48-7b2b9a17bca4

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-5d5445d4-e010-418b-8f48-7b2b9a17bca4)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-5d5445d4-e010-418b-8f48-7b2b9a17bca4.json)

## Summary

The procurement process is led by Post Office Limited for the award of a contract titled "Award of Contract for Cheque Clearing Services". The project falls within the financial services category, specifically focusing on financial transaction processing and clearing-house services. Situated in the East of England, the procurement method employed is a selective procedure under a restricted threshold. The contract period commenced on 16 December 2021 and is scheduled to run until 16 December 2027, with a minimum contract value of £1,400,000 and an overall value of £3,000,000. The tender submission period concluded on 21 June 2021.

This tender presents significant growth opportunities for businesses in the financial services sector, primarily those that specialise in cheque processing and clearing services. Given the substantial contract value and long duration, larger enterprises with the capability to deliver on complex financial operations would be well-suited to compete for this contract. Additionally, companies with experience in similar service provisions may find this an ideal opportunity to expand their market presence.

## Notice

Contract Award notice for the provision of cheque processing and clearing services

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/7607e89c-7ffc-48d6-8d04-c008965c6d59 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 Jan 2022 |
| Submission deadline | 20 Jun 2021 |
| Future notice date | Not specified |
| Award date | 16 Dec 2021 |
| Contract period | 16 Dec 2021 - 16 Dec 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £3,000,000 |
| Lots value | Not specified |
| Awards value | £1,400,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | POST OFFICE LIMITED |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2Y 9AQ |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI43 Haringey and Islington |
| Local authority | Islington |
| Electoral ward | Bunhill |
| Westminster constituency | Islington South and Finsbury |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | EXELA TECHNOLOGIES |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66172000 - Financial transaction processing and clearing-house services

## Release History

- 7 Jan 2022 at 16:27 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/7607e89c-7ffc-48d6-8d04-c008965c6d59

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/7607e89c-7ffc-48d6-8d04-c008965c6d59
  7th January 2022 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-5d5445d4-e010-418b-8f48-7b2b9a17bca4. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-5d5445d4-e010-418b-8f48-7b2b9a17bca4.json.