Published date: 12 August 2021

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


Closing: 29 March 2021, 12pm

Contract summary

Industry

  • Financial information systems - 48812000

  • Banking services - 66110000

  • Financial consultancy, financial transaction processing and clearing-house services - 66170000

Location of contract

United Kingdom

Value of contract

£9,000,000

Procurement reference

CW34509

Published date

12 August 2021

Closing date

29 March 2021

Closing time

12pm

Contract start date

3 August 2021

Contract end date

2 August 2023

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?

Yes

Contract is suitable for VCSEs?

No


Description

HMRC is the UK's tax, payments and customs authority. We collect the money that pays for the UK's public services. Our strategic objectives to help us achieve this, and become a world-class organisation, are:
• Maximise revenues and bear down on avoidance and evasion;
• Transform tax and payments for our customers; and
• Design and deliver a professional, efficient and engaged organisation.
Focusing on these objectives the Authority wishes to procure the provision of the service to use Confirmation of Payee (CoP) to make it easier for our customers to make bank transactions to and from the Authority. Individuals and organisations can transact with the Authority via a growing number of online internal and external services, many of which require the user to supply bank account details. These online services currently use industry standard checks, sort code data and third-party APIs to validate bank account details. The addition of CoP service shall allow the Authority to improve this validation process, which consequently will make these online services easier to use and provides additional means for preventing and detecting fraud.

Bidders must have an existing relationship with a sponsor who has Open Banking credentials possess access through an authorised participant bank or be able to demonstrate to the Authority that the bidder can ensure a sponsor will be in place before the effective date.

Central government strategy is moving towards 'Government as a platform'. As a result, the Authority needs to ensure that it is not limited in how it makes its services available to other government bodies, local government and the wider public sectors. This contract will be enabled for all public sector organisations to use, including but not limited to: Central Government Departments and their arm's length bodies (ALBs), education and higher-education sector, housing associations, NHS trusts, local authorities and charities. The maximum contract value, including the Authority and any other service beneficiaries, will be £9million over the contract period of two (2) years plus a possible one (1) year extension. The Authority's specific requirement for the Services as a share of the maximum contract value is anticipated to be £1.7million over the contract period.


More information

Attachments


Award information

Awarded date

19 May 2021

Contract start date

3 August 2021

Contract end date

2 August 2023

Total value of contract

£9,000,000

This contract was awarded to 1 supplier.

National Westminster Bank Plc

Address

135 Bishopsgate
EC2M 3UR
GB

Reference

Companies House number: 00929027

Supplier is SME?

No

Supplier is VCSE?

No


About the buyer

Contact name

Bhavina Patel

Address

Ralli Quays
3 Stanley Street
LONDON
M60 9LA
England

Email

bhavina.patel1@hmrc.gov.uk