Find a TenderAwarded
Published 15 Jan 2021, 17:52 GMT

Official UK procurement notice

Cheque Processing and Clearing Services

Official notice

Authority: Post Office Limited (Public body)·Consortium: 2 public authorities

ServicesRestricted procedure
Published estimate£9,600,000exc. VAT
Submissions closed 15 Feb 2021awarded 15 Dec 2021
Awarded to Exela Technologies Limited

What is being bought

Published requirement description

The processing and clearing of cheques

CPV: Financial transaction processing and clearing-house services

The lotProcurement structure

single lot · no lot value published
Lot #1Processing and clearing of chequesAwardedRenewal
Delivery: UK, East of England
Extensions: The contract is for 2 years with the option to extend by 4 further individual years · 2 year initial term with the option of four one year extensionsVariant bids: not allowed

What it takes to win
i

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 more
How bids were scored
Quality: 65%Price: 35%
Published sub-criteria (2)
  • Various: 65%
  • Total cost: 35%
Published award criteria (2)
  • Various: 65%
  • Total cost: 35%
Conditions of participation1
  • Suitability

    As detailed in the procurement documents

Staff
Names and qualifications of delivery staff must be submitted
What this means for your bid
  • Price carries 35 of 100 points: a 10% discount moves about 3.5 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
Restricted 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
15 Jan 2021, 17:52 GMT
Last source update
11 Jan 2022, 10:17 GMT
FTS notice number
2022/S 000-000717
Classification (CPV)
Financial transaction processing and clearing-house services
Delivery area
UKEast of England (UKH)
Official registry OCID
ocds-h6vhtk-028ae7 Find a Tender

Publisher note: If you are interested in this opportunity please go to https://postoffice.wax-live.com/S2C/ and login to view

How it was run

Official notice
Run through: portal not identified
Language: EN
Submission deadline
15 Feb 2021, 17:00 GMT
Submission channel
{"electronicSubmission"}
Accepted languages
en
Detailed submission instructions & authority contactsFrom official release

Timeline

15 Feb 2021 → 11 Jan 2022 · 2 dates
  1. Submission deadline
    15 Feb 2021, 17:00 GMT
  2. Notice published
    11 Jan 2022, 10:17 GMT

Notice history

2 events · 2 releases on Find a Tender · since 11 Jan 2022
  1. Status changed to complete
    11 Jan 2022, 10:17 GMT
  2. Buyer details updated
    11 Jan 2022, 10:17 GMT

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £3,000,0001 contract exc. VAT
Bids received 2
Contracts signed 1latest 15 Dec 2021
Awarded toValueDateStatus
Exela Technologies Limited£3,000,000 †—Awarded

Contracts

Bid statistics published by the authority

BidsSMEVCSEValid bid range
2bids———

Contracting authority & participating public bodies

2 public bodies on the notice

POST OFFICE LIMITED

Contracting authorityPublic bodyBody governed by public lawPostal and Financial Services 20 Finsbury Street, LONDON, London, EC2Y9AQContact name, email, phone

Consortium members and other public bodies

Dispute resolution & review bodies

  • UK High CourtReview body London

Bidders & participating suppliers

1 commercial party on the notice

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

  • Economic and financial selection criteriatenderEconomic and financial selection criteria
  • Technical selection criteriatenderTechnical selection criteria