HMCTS Financial Transaction Processing (Middle Office) Service

Concepts

• financial transaction processing and clearing house
• court services
• exception handling process
• processing tasks
• data and financial transactions
• detailed transactional levels
• hmcts financial transaction processing (middle office) service
• courts and tribunals service
• transactional
• middle

Location

London

Description

This Notice is issued by the Lord Chancellor acting as part of the Crown (the "Authority"). This service will be provided for the benefit of, and managed by, His Majesty's Courts and Tribunals Service (HMCTS) an executive agency of the Authority. The FTP middle office provides a range of data handling, processing, banking, and Management Information (MI) related services to support court services. The provision of these services is critical to the processing of the court operations and involves the handling of high volumes of processing tasks, including receipting, payments, validation, reconciliation, and consolidation of up to 10 million transactions (over £3bn) per year. The Authority intends to appoint a supplier to implement a service that will include integrating and maintaining a system that can pay, receive, account and reconcile high volumes of data and financial transactions. It will incorporate the ability to drill down to detailed transactional levels, support the management of individual cases, include exception handling process and the implementation of efficiencies and improved ways of working.

Total Quantity or Scope

Add in same details as above

Renewal Options

The Initial Term of the proposed Contract will be 5 years with the option for the Authority to extend for two (2) further periods each of two (2) years in duration, up to a maximum extension period of four (4) years in aggregate. The Initial Term of the proposed Contract will be 5 years with the option for the Authority to extend for two (2) further periods each of two (2) years in duration, up to a maximum extension period of four (4) years in aggregate.

CPV Codes

• 66172000 - Financial transaction processing and clearing-house services

Indicators

• Bids should cover the whole contract.
• Options are available.
• Renewals are available.
• Performance considerations apply.
• Professional qualifications are sought.
• Award on basis of price and quality.

Other Information

The supplier is also required to undertake a transition programme, including data migration, in parallel to the incumbent service. The procurement will be managed, and the procurement documents made available, via the Authority’s Jaggaer eSourcing Portal (address below). If you have not yet registered on the e-Sourcing Portal, this can be done online at https://ministryofjusticecommercial.bravosolution.co.uk/web/login.html Interested suppliers must be registered on this site to view the Invitation to Tender (ITT) and will then need to complete and sign a Confidentiality Agreement to access further sensitive information. Once completed and signed the Authority will invite the interested supplier, provided it is registered on the above site, to access the sensitive information. The Confidentiality Agreement can be obtained by sending an email to FTP_Reprocurement@justice.gov.uk All Tenders are to be submitted via the Authority’s Jaggaer eSourcing Portal, attention FTP Commercial Team, in accordance with the instructions set out in the Invitation to Tender.