Single Supplier Framework for the provision of Foreign Exchange Payment Services for University College Cork, National University of Ireland Maynooth, University of Limerick, Dublin City University, NUI Galway, Trinity College Dublin & University College Dublin.
Deadline
The time limit for receipt of tenders was 2019-07-01.
The procurement was published on 2019-05-30.
Suppliers
The following suppliers are mentioned in award decisions or other procurement documents:
Object Scope of the procurement
Title:
โEEE050F-Single Supplier Framework for the Provision of Foreign Exchange Payment Services
EEE050Fโ
Products/services: Foreign exchange services๐ฆ
Short description:
โSingle Supplier Framework for the provision of Foreign Exchange Payment Services for University College Cork, National University of Ireland Maynooth,...โ
Short description
Single Supplier Framework for the provision of Foreign Exchange Payment Services for University College Cork, National University of Ireland Maynooth, University of Limerick, Dublin City University, NUI Galway, Trinity College Dublin & University College Dublin.
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Estimated value excluding VAT: EUR 1 100 000 ๐ฐ
Single supplier framework for the provision of Foreign Exchange Payment Services for University College Cork, National University of Ireland Maynooth, University of Limerick, Dublin City University, NUI Galway, Trinity College Dublin and University College Dublin.
Irish universities process significant volumes of payments to both domestic and international suppliers on an annual basis. The aim of this project is to engage the market to better understand how the processing of foreign exchange (FX) payments may be streamlined whilst ensuring value for money through the application of:
โ a fixed low cost or zero cost per transaction,
โ a fixed or ceiling on the FX margin over the market rate.
We now invite suitably qualified service providers to complete the attached pre-qualification questionnaire to demonstrate that they have the necessary resources and expertise to service this significant contract. The Universities are looking to build a strong relationship with a suitable provider to deliver an exceptional service. We expect the successful provider will be proactively looking at future advances in the FX payments space and ensuring the Universities are kept abreast of market and regulatory developments.
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Price is not the only award criterion and all criteria are stated only in the procurement documents
Scope of the procurement
Estimated total value excluding VAT: EUR 1 100 000 ๐ฐ
Duration of the contract, framework agreement or dynamic purchasing system
The time frame below is expressed in number of months.
Description
Duration: 24
Duration of the contract, framework agreement or dynamic purchasing system
This contract is subject to renewal โ Description
Description of renewals:
โThe proposed contract will be for an initial period of 24 months. The Contracting Authority reserves the right to extend the contact for a further 2 periods...โ
Description of renewals
The proposed contract will be for an initial period of 24 months. The Contracting Authority reserves the right to extend the contact for a further 2 periods of 12 months to a total of 4 years.
Legal, economic, financial and technical information Conditions for participation
List and brief description of conditions: Please see RFT document for further details.
Economic and financial standing
List and brief description of selection criteria: Please see RFT document for further details.
Conditions for participation
Please see RFT document for further details.
Technical and professional ability
List and brief description of selection criteria: Please see RFT document for further details.
Conditions for participation
Conditions for participation (technical and professional ability): Please see RFT document for further details.
Conditions related to the contract
Contract performance conditions: Please see RFT document for further details.
Procedure Type of procedure
Competitive procedure with negotiation
Administrative information
Time limit for receipt of tenders or requests to participate: 2019-07-01
14:00 ๐
Languages in which tenders or requests to participate may be submitted: English ๐ฃ๏ธ
Complementary information Review body
Name: Office of the High Court
Postal address: Four Courts Ground Floor, Inns Quay
Postal town: Dublin
Postal code: 7
Country: Ireland ๐ฎ๐ช
Phone: +353 18886000๐
E-mail: highcourtcentraloffice@courts.ie๐ง
Source: OJS 2019/S 106-258959 (2019-05-30)
Contract award notice (2021-11-18) Contracting authority Name and addresses
Postal address: University of Limerick
Postal code: Co.Limerick
Object Scope of the procurement
Title:
โEEE050F-Single Supplier Framework for the provision of Foreign Exchange Payment Services
EEE050Fโ
Currency code: EUR ๐ฐ
Total value of the procurement (excluding VAT) (lowest offer): 500000.00
Total value of the procurement (excluding VAT) (highest offer): 1000000.00
Description
Description of the procurement:
โSingle Supplier Framework for the provision of Foreign Exchange Payment Services for University College Cork, National University of Ireland...โ
Description of the procurement
Single Supplier Framework for the provision of Foreign Exchange Payment Services for University College Cork, National University of Ireland Maynooth,
University of Limerick, Dublin City University, NUI Galway, Trinity College Dublin & University College Dublin.
Irish universities process significant volumes of payments to both domestic and international suppliers on an annual basis. The aim of this project is to engage the market to better understand how the processing of foreign exchange (FX) payments may be streamlined whilst ensuring value for money through the application of
๏ A fixed low cost or zero cost per transaction
๏ A fixed or ceiling on the FX margin over the market rate.
We now invite suitably qualified service providers to complete the attached pre-qualification questionnaire to demonstrate that they have the necessary resources and expertise to service this significant contract. The Universities are looking to build a strong relationship with a suitable provider to deliver an exceptional service. We expect the successful provider will be proactively looking at future advances in the FX payments space and ensuring the Universities are kept abreast of market and regulatory developments.
Show more Award criteria
Quality criterion (name): Technical
Quality criterion (weighting): 65%
Price (weighting): 35%
Description
Additional information: All information relating to tenders is published on
www.etenders.gov.ie only
Procedure Administrative information
Previous publication concerning this procedure: 2019/S 106-258959
Award of contract
1๏ธโฃ
Contract Number: 1
Title:
โEEE050F-Single Supplier Framework for the provision of Foreign Exchange Payment Servicesโ
Date of conclusion of the contract: 2020-12-21 ๐
Information about tenders
Number of tenders received: 4
Number of tenders received by electronic means: 4
Name and address of the contractor
Name: Fexco Unlimited company
National registration number: 475943
Postal address: Iveragh Road
Postal town: Killorglin
Postal code: Kerry
Country: Ireland ๐ฎ๐ช
Phone: +353 669761258๐
E-mail: ebucke@fexco.com๐ง
Region: รire/Ireland๐๏ธ
URL: http://www.fexco.com๐
The contractor is an SME
Information on value of the contract/lot (excluding VAT)
Currency code: EUR ๐ฐ
Lowest offer: 500000.00
Highest offer: 1000000.00
Source: OJS 2021/S 227-598220 (2021-11-18)