--- title: "Digital Payment Solution Framework" ocid: "ocds-h6vhtk-02f795" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02f795" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02f795.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02f795.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "HYDE HOUSING ASSOCIATION" published: "2021-11-17" --- # Digital Payment Solution Framework Buyer: HYDE HOUSING ASSOCIATION Current stage: Tender OCID: ocds-h6vhtk-02f795 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02f795) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-02f795.json) ## Summary The procurement process, initiated by Hyde Housing Association, is focused on acquiring a Digital Payment Solution Framework within the financial and insurance services sector. This tender is currently at the active stage, with bids accepted until 17 December 2021. The contract is valued at £20 million, allowing for a five-year call-off contract with an option to extend for an additional two years. This project aims to comply with UK Procurement legislation and encompasses the delivery location in London. This tender presents a significant opportunity for small and medium enterprises (SMEs) looking to expand their portfolio in digital payment solutions. Businesses specialising in financial technologies, payment processing, and software development would be well-suited to compete for this contract. Participation in this procurement could lead to long-term partnerships with Hyde Housing Association and potential future contracts, given the framework's structure allowing multiple successful bidders. ## Notice Hyde's intention in respect of this invitation to tender is to procure a digital payment solution to meet the company's listed requirements. Hyde's key aims, objectives and full list of requirements are covered in the ITT document. Hyde intends to enter into a Framework Agreement by going through a full process that will follow UK Procurement legislation under which it intends to issue a call-off contract with the highest ranked Bidder for a period of five (5) years with an option to extend for a further two (2) years. Other successful Bidders may also be issued a contract. Bidders should note that there may be multiple successful parties awarded a place on the framework but, as with any framework, this does not guarantee a call-off contract. The Framework Agreement will last for a period of four (4) years. ### Lot Information Lot 1 Hyde's intention in respect of this invitation to tender is to procure a digital payment solution to meet the company's listed requirements. Hyde's key aims, objectives and full list of requirements are covered in the ITT document. Hyde intends to enter into a Framework Agreement by going through a full process that will follow UK Procurement legislation under which it intends to issue a call-off contract with the highest ranked Bidder for a period of five (5) years with an option to extend for a further two (2) years. Other successful Bidders may also be issued a contract. Bidders should note that there may be multiple successful parties awarded a place on the framework but, as with any framework, this does not guarantee a call-off contract. The Framework Agreement will last for a period of four (4) years. More details available in the ITT document. Additional information: Important Note: The Framework Value of PS20,000,000 does not relate to the contract value. The Framework Value is a nominal amount to provide sufficient scope for framework usage by other public sector bodies during the 4 year framework term. The Contract Value is c.PS350kp/a or c.PS2.45M over the proposed 5+2 year contract term. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/028710-2021 | | Notice type | Tender Notice | | Procurement type | Framework | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 17 Nov 2021 | | Submission deadline | 17 Dec 2021 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £20,000,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Active | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | HYDE HOUSING ASSOCIATION | | Locality | LONDON | | Post town | South East London | | Postcode | SE1 9EQ | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI4 Inner London - East | | ITL 3 | TLI44 Lewisham and Southwark | | Local authority | Southwark | | Electoral ward | Borough & Bankside | | Westminster constituency | Bermondsey and Old Southwark | | Delivery location | TLI London | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 17 Nov 2021 at 14:14 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/028710-2021 ## Notice URLs - https://hyde.delta-esourcing.com/ - https://hyde.delta-esourcing.com/respond/FU2U3KM5J7 - https://hyde.delta-esourcing.com/tenders/UK-UK-London:-Financial-and-insurance-services./FU2U3KM5J7 - https://www.delta-esourcing.com/tenders/UK-UK-London:-Financial-and-insurance-services./FU2U3KM5J7 - https://www.delta-esourcing.com/tenders/UK-title/FU2U3KM5J7 ## 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-h6vhtk-02f795. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02f795.json.