Money Transmission Services - Lot 3

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Estimated value

£55.0m

Awarded value

£55.0m

Awarded 02 Jul 2025

Suppliers

1

Lots

1

1 awarded

Published

29 Jul 2025

Deadline 03 Sept 2024

Description

His Majesty's Revenue and Customs (HMRC) is the UK's tax, payments and customs authority and collects the money that pays for the UK's public services and gives financial support to people. Government Banking sits within HMRC and is the banking shared service provider to Government and the wider public sector, providing banking services to over 600 organisations. To deliver the direct-to-bank model and facilitate payments in and out of Government, Government Banking contracts with commercial banks. This contract will be enabled for use by GB customers including Government departments, executive agencies, non-departmental bodies, and the wider public sector. This Lot 3 contract has been awarded for an initial term of 8 years with four 12 months possible extension options.

Scope

Reference
CW102246
Total value
£55,020,000 excluding VAT
Commercial tool
Standalone contract
Contract dates
03 Jul 2025 to 02 Jul 2037
CPV classifications
66110000 66170000 66180000

Submission & procedure

Submission deadline
03 Sept 2024, 1:00 pm

Award details

Awarded supplier(s), contract period and value as published in the award notice.

Awarded value

£55.0m

Award date

02 Jul 2025

Contract start

03 Jul 2025

Contract end

02 Jul 2037