Published date: 9 June 2017

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


Closing: 17 November 2014

Contract summary

Industry

  • Banking services - 66110000

  • Financial transaction processing and clearing-house services - 66172000

  • Foreign exchange services - 66180000

    • Treasury services - 66600000

Location of contract

M60 9LA

Value of contract

£5,500,000

Procurement reference

BAK-2014-GBS Money Transmission Services - Bank A - Lot 1

Published date

9 June 2017

Closing date

17 November 2014

Contract start date

24 March 2015

Contract end date

24 March 2022

Contract type

Service contract

Procedure type

Restricted procedure

A two-stage procedure, where the first stage is used to select suppliers, who are then invited to bid in the second stage.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

Government Banking Service - Money Transmission Services.
The Government Banking Service was established in April 2008 and is the banking shared service provider to government and the wider public sector. It is part of HM Revenue & Customs and incorporates the Office of HM Paymaster General which has provided banking services to the public sector since 1836.The Government Banking
Service's core purposes are to 1) Hold the working balances of HM Government at the Bank of England, 2) To facilitate modern cost effective direct to bank money transmission services for its customers; and 3) To ensure timely and accurate reporting to HM Treasury to help improve Government Cash Management and reduce Government borrowing costs. The services will evolve rapidly over the proposed life of the framework agreement and the
Government Banking Service partners will be required to provide flexible, sustainable solutions which help government achieve its 'digital by default' agenda. The partners will be required to ensure government is well positioned to take advantage of the changing payment technology landscape. The contracts awarded provide a pan government framework agreement for use by the UK public sector bodies detailed in the Contract Notice.

More information

Attachments

Links

Award information

Awarded date

12 March 2015

Contract start date

24 March 2015

Contract end date

24 March 2022

Total value of contract

£5,500,000

This contract was awarded to 1 supplier.

Barclays Bank PLC

Address

1 Churchill Place, Canary Wharf, London, E14 5HP

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Michael Kellythorn

Address

Ralli Quays
3 Stanley Street
Salford
M60 9LA
England

Email

michael.kellythorn@hmrc.gsi.gov.uk

Website

https://www.gov.uk/government/organisations/hm-revenue-customs