Contract Summary

  • Published Date: 9 June 2017

  • Tender Status: complete

  • Tender Opening Date: n/a

  • Tender Closing Date: 17 November 2014

  • Award Date: 12 March 2015

  • Contract Start Date: 24 March 2015

  • Contract End Date: 24 March 2022

  • Contract is suitable for SMEs: No

  • Contract is suitable for VCSEs: No

  • Official Journal of the European Union (OJEU) Contract Type: Services

Print

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.

About the Buyer

Contact name: Michael Kellythorn

Address: Ralli Quays 3 Stanley Street
Salford
M60 9LA
England

Telephone: n/a

Fax: n/a

Email: [email protected]

Value of Contract

Price Range: £5,500,000