Student Payment Service Provider

A Contract Award Notice
by UNIVERSITY OF BRISTOL

Source
Contracts Finder
Type
Contract (Services)
Duration
3 year
Value
£4M
Sector
BUSINESS
Published
04 Jun 2024
Delivery
03 Jun 2024 to 03 Jun 2027
Deadline
17 Jan 2024 14:00

Concepts

Location

Geochart for 1 buyers and 1 suppliers
Bristol University
Flywire Payments
Leaflet | Map tiles by Stamen Design, under CC BY 3.0. Data by OpenStreetMap, under ODbL.

1 buyer

1 supplier

Description

The University of Bristol is awarding a contract 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. 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.

Award Detail

1 Flywire Payments (None)
  • Value: £4,500,000

CPV Codes

  • 66115000 - International payment transfer services

Other Information

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.

Reference

Domains