United Kingdom-Sunderland: Financial transaction processing and clearing-house services – Framework Lead

The current contract for Financial transaction processing and clearing-house services – Framework Lead is projected to end on 11-SEP-19 and may be available for retender.
Description:
Title attributed to the contract by the contracting authority:: Electronic Payment Services – 2015.

Type of contract and location of works, place of delivery or of performance: Services
Service category No 6: Financial services a) Insurances services b) Banking and investment services
NUTS code UK

Information on framework agreement: Framework agreement with a single operator
Duration of the framework agreement
Duration in years: 4
Estimated total value of purchases for the entire duration of the framework agreement
Estimated value excluding VAT:
Range: between 7 500 000 and 75 000 000 GBP

Short description of the contract or purchase(s): Financial transaction processing and clearing-house services. Financial market operational services. Financial consultancy, financial transaction processing and clearing-house services. Financial and insurance services. The Consortium intends to appoint a single supplier (‘Supply Partner’) to provide Electronic Payment Services. The envisaged service (‘Solution’) will allow public authority users, who are members of the Consortium and future members, to access electronic payment services through a network of convenient outlets, providing efficient and reliable electronic transfer of funds to the accounts of the relevant Public Authority. Users will be paying for a variety of services for example: housing rent, business rates, penalties, council tax and benefit over payments to name some but not all.

Information about variants: Variants will be accepted: no

Information about renewals: This contract is subject to renewal: no