Official UK procurement notice
Student Payment Service Provider
Authority: University of Bristol (Education)
What is being bought
Published requirement descriptionThe University of Bristol is seeking a single supplier to deliver business objectives relevant to the procurement include providing a secure, compliant, and efficient (with respect to time and cost) payment service which meets the diverse needs of a wide range of payers and forms a positive part of the overall student experience.
CPV: Banking services · Financial transaction processing and clearing-house services · International payment transfer services
The lotProcurement structure
single lot · no lot value publishedLot #1The priority of the University is to ensure the timely and accurate posting of income,…AwardedRenewal
The priority of the University is to ensure the timely and accurate posting of income, and prompt resolution of payment queries. To deliver a positive payment experience to students we aim to provide:
- a secure and efficient (with respect to time and cost) payment service,
- prompt, courteous, and well-informed resolution of queries around payment,
- a range of payment channels to suit different needs, and
-maximum visibility for the student of their payment from initiation to allocation.
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published award criteria (2)
- Quality: 70
- Price: 30
- Suitability
Refer to e-procurement portal: tenders.bris.ac.uk ↗
- Price carries 30 of 100 points: a 10% discount moves about 3 points. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 11 Jul 2023, 14:52 BST
- Last source update
- 4 Jun 2024, 15:02 BST
- Award evaluation window
- 17 Jan 2024 – …
- FTS notice number
2024/S 000-017302- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-03e0b1Find a Tender
Publisher note: Contract is five (5) years split into initial three (3) years, with two (2) plus one (1) year options to extend (3 + 1 + 1). Price in notice is a forecast of the initial 3 years. Each year forecasted costs of £1.5M, therefore a full 5 year contract estimated at £7.5M.
How it was run
Official notice- Submission deadline
- 10 Jan 2024, 14:00 GMT
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bid validity
- 180 days from the deadline
- Bids opened
- 17 Jan 2024, 14:00 GMT
Timeline
14 Jul 2023 → 4 Jun 2024 · 4 dates- Next notice expected14 Jul 2023, 00:00 BST
- Submission deadline10 Jan 2024, 14:00 GMT
- Bids opened17 Jan 2024, 14:00 GMT
- Notice published4 Jun 2024, 15:02 BST
Notice history
4 events · 3 releases on Find a Tender · since 23 Nov 2023- Status changed to active23 Nov 2023, 14:08 GMT
- Procurement method changed23 Nov 2023, 14:08 GMT
- Deadline published: 10 Jan 2024, 14:00 GMT23 Nov 2023, 14:08 GMT
- Status changed to complete4 Jun 2024, 15:02 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Flywire Payments Ltd | £7,500,000 † | — | Awarded |
Contracts
Student Payment Service Provider · Flywire Payments Ltd
- Signed
- 17 Jan 2023
- Value
- £7,500,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 4bids · 4 electronic | — | — | — |
Contracting authority & participating public bodies
Bidders & participating suppliers
1 commercial party on the notice- Flywire Payments LimitedAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria