Money Transmission Services - Lot 3
Estimated value
£55.0m
Awarded value
£55.0m
Suppliers
1
Lots
1
Published
29 Jul 2025
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