Published date: 19 August 2020
Closed future opportunity - This means that a potential contract has passed its approach to market date. A buyer can choose to consider any supplier interest or convert this notice into an opportunity ready for live procurement.
Contract summary
Industry
Banking services - 66110000
Location of contract
United Kingdom
Value of contract
£80,000,000
Procurement reference
RM6220
Published date
19 August 2020
Approach to market date
19 November 2021
Contract start date
20 November 2021
Contract end date
21 November 2025
Procedure type
Open procedure (above threshold)
Any interested supplier may submit a tender in response to an opportunity notice.
This procedure can be used for procurements above the relevant contract value threshold.
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
A replacement of Supplier Early Payment Solutions RM6001. The aspiration is to
deliver a commercial solution that offers a comprehensive suite of early payment
solutions to the entire public sector. The overall solution is in its design phase and will
include Supply Chain Finance (SCF), Dynamic Discounting (DD) and will look to expand
the list of services if the merits can be demonstrated for the public sector. The
agreement will also seek to deliver ancillary services to public sector customers that
will aid the implementation and or the maximisation of the benefits delivered.
More information
Spend profile
| Financial year | Budget |
|---|---|
| 2021/2022 | £20,000,000 |
| 2022/2023 | £20,000,000 |
| 2023/2024 | £20,000,000 |
| 2024/2025 | £20,000,000 |
About the buyer
Address
9th Floor, The Capital, Old Hall Street
Liverpool
L39PP
England
Telephone
+44 3450103503
Website
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Approach to market date: 19 November 2021
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