Published date: 4 June 2024

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 17 January 2024, 2pm

Contract summary

Industry

  • International payment transfer services - 66115000

Location of contract

South West

Value of contract

£4,500,000

Procurement reference

tender_373951/1349278

Published date

4 June 2024

Closing date

17 January 2024

Closing time

2pm

Contract start date

3 June 2024

Contract end date

3 June 2027

Contract type

Service contract

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?

No

Contract is suitable for VCSEs?

No

Description

The University of Bristol is awarding a contract to deliver business objectives relevant to the procurement include providing a secure, compliant, and efficient (with respect to time and cost) payment service which meets the diverse needs of a wide range of payers and forms a positive part of the overall student experience.

The priority of the University is to ensure the timely and accurate posting of income, and prompt resolution of payment queries. To deliver a positive payment experience to students we aim to provide:

- a secure and efficient (with respect to time and cost) payment service,

- prompt, courteous, and well-informed resolution of queries around payment,

- a range of payment channels to suit different needs, and

-maximum visibility for the student of their payment from initiation to allocation.

More information

Additional text

Contract is five (5) years split into initial three (3) years, with two (2) plus one (1) year options to extend (3 + 1 + 1).

Price in notice is a forecast of the initial 3 years. Each year forecasted costs of £1.5M, therefore a full 5 year contract estimated at £7.5M.

Award information

Awarded date

3 June 2024

Contract start date

3 June 2024

Contract end date

3 June 2027

Total value of contract

£4,500,000

This contract was awarded to 1 supplier.

Flywire Payments Limited

Address

45 Folgate Street, 4th Floor London E1 6GL

Reference

No reference - other

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Lee Bryant

Address

Senate House
Bristol
BS1 5DS
England

Telephone

01174556044

Email

lee.bryant@bristol.ac.uk