Find a TenderPast planning notice
Published 9 Jan 2025, 11:31 GMT

Official UK procurement notice

International Payments Service · UK public procurement notice

Official notice

Authority: Pension Protection Fund (Public body)

Services
Planned pipeline valueValue not publishedpipeline notice, not a live tender
Tender notice expected 3 Mar 2025from the planned procurement notice

What is being bought

Published requirement description

We plan to conduct a procurement process in the Spring of 2025 for our international payment service, following an early market engagement exercise.

Most of our members are based in the UK, however some reside overseas. We require an international payment service to pay monthly member benefits to these members or their beneficiaries.

This PIN is intended to alert potential suppliers of the opportunity and direct them to a short RFI Questionnaire as part of our early market engagement.

CPV: Banking services · International payment transfer services · Payroll management services

The lotProcurement structure

single lot · no lot value published
Lot #1We currently pay over 300,000 members and make payments of over £70m per monthPlanned

We currently pay over 300,000 members and make payments of over £70m per month. Approximately 4,000 of these members reside overseas in over 50 different countries. We therefore have a requirement to pay overseas bank accounts either in GBP or national currency. We currently use an external payment provider to facilitate these payments, working alongside our payroll team and systems.

Given many of these pensioners rely on their PPF compensation for their income, it is imperative that our overseas solution is reliable, robust, and provides value for money.

We administer the member payments and records, so would not expect an overseas payroll provider to have direct contact with members, only our internal team.

In order to complete the RFI Questionnaire and express interest in this procurement please register on PPF's eSourcing Portal Jaggaer at ppf.bravosolution.co.uk ↗ and complete and upload the short questionnaire listed as PQQ 52 (the RFI Questionnaire is titled "PPF Request for Information - International Payments Service").

The RFI Questionnaire response deadline is 1pm on 7 February 2025.

Delivery: UK

Procedure terms & legal framework

From the official record
Legal basis
CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category
Services
Notice status
Past planning notice
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
Unspecified in notice
First published
9 Jan 2025, 11:31 GMT
Last source update
9 Jan 2025, 11:31 GMT
FTS notice number
2025/S 000-000643
Classification (CPV)
Banking servicesInternational payment transfer servicesPayroll management services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-04ce89 Find a Tender

How it was run

Official notice
Submission deadline
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Timeline

9 Jan 2025 → 3 Mar 2025 · 2 dates
  1. Notice published
    9 Jan 2025, 11:31 GMT
  2. Tender notice expected
    3 Mar 2025

Commercial outcome & contract awards

Pipeline notice
Awards (0)
No award published
Contracts (0)
No contract published
Bid statistics
No aggregate bid statistics published

Contracting authority & participating public bodies

Pension Protection Fund

Contracting authorityPublic bodyBody governed by public lawEconomic affairs Renaissance, 12 Dingwall Road, Croydon, UK, CR0 2NAContact email, phone

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.