Digital Payment Solution Framework

Concepts

• finance and insurance
• hyde
• digital payment solution framework
• framework value
• framework usage
• digital payment solution
• year framework term
• hyde’s intention
• hyde’s key aims
• call-off contract

Location

London: LONDON

Description

Hyde’s intention in respect of this invitation to tender is to procure a digital payment solution to meet the company’s listed requirements. Hyde’s key aims, objectives and full list of requirements are covered in the ITT document. Hyde intends to enter into a Framework Agreement by going through a full process that will follow UK Procurement legislation under which it intends to issue a call-off contract with the highest ranked Bidder for a period of five (5) years with an option to extend for a further two (2) years. Other successful Bidders may also be issued a contract. Bidders should note that there may be multiple successful parties awarded a place on the framework but, as with any framework, this does not guarantee a call-off contract. The Framework Agreement will last for a period of four (4) years.

Total Quantity or Scope

More details available in the ITT document. Additional information: Important Note: The Framework Value of £20,000,000 does not relate to the contract value. The Framework Value is a nominal amount to provide sufficient scope for framework usage by other public sector bodies during the 4 year framework term. The Contract Value is c.£350kp/a or c.£2.45M over the proposed 5+2 year contract term.

CPV Codes

• 66000000 - Financial and insurance services

Indicators

• This is a recurring contract.
• Renewals are not available.
• Professional qualifications are sought.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement. For more information about this opportunity, please visit the Delta eSourcing portal at: https://hyde.delta-esourcing.com/tenders/UK-UK-London:-Financial-and-insurance-s... To respond to this opportunity, please click here: https://hyde.delta-esourcing.com/respond/FU2U3KM5J7 GO Reference: GO-20211117-PRO-19249185