Irish Rail require a foreign currency payment platform for the processing of its foreign currency payments to vendors/suppliers. The payment platform must be able to receive and process bulk file transaction data in multiple currencies on a weekly basis. You will be required to process the payments in the denominated currencies to our supplier’s bank accounts in a single file process. The FXP payment platform must detail the Euro cost of each payment, together with transaction processing costs and provide systemised reports to support. Irish Rail will transfer the total Euro cost of each weekly FXP bulk file payment, including transaction processing costs/margin to the provider’s bank account in advance of the payments being made to our suppliers. Irish Rail does not intend to open new currency bank accounts to support this process and will pay for the service in Euros and using our current banking partner and accounts.
Deadline
The time limit for receipt of tenders was 2022-06-30.
The procurement was published on 2022-05-30.
Object Scope of the procurement
Title: Foreign Currency Transaction Payments
8018
Products/services: Foreign exchange services📦
Short description:
“Irish Rail require a foreign currency payment platform for the processing of its foreign currency payments to vendors/suppliers. The payment platform must...”
Short description
Irish Rail require a foreign currency payment platform for the processing of its foreign currency payments to vendors/suppliers. The payment platform must be able to receive and process bulk file transaction data in multiple currencies on a weekly basis. You will be required to process the payments in the denominated currencies to our supplier’s bank accounts in a single file process. The FXP payment platform must detail the Euro cost of each payment, together with transaction processing costs and provide systemised reports to support. Irish Rail will transfer the total Euro cost of each weekly FXP bulk file payment, including transaction processing costs/margin to the provider’s bank account in advance of the payments being made to our suppliers. Irish Rail does not intend to open new currency bank accounts to support this process and will pay for the service in Euros and using our current banking partner and accounts.
1️⃣
Additional products/services: Foreign exchange services📦
Place of performance: Éire/Ireland🏙️
Description of the procurement:
“You are invited to submit proposals for the provision of Foreign Currency Payment (FXP) services and associated facilities. Irish Rail require a foreign...”
Description of the procurement
You are invited to submit proposals for the provision of Foreign Currency Payment (FXP) services and associated facilities. Irish Rail require a foreign currency payment platform for the processing of its foreign currency payments to vendors/suppliers.
The payment platform must be able to receive and process bulk file transaction data in multiple currencies on a weekly basis. You will be required to process the payments in the denominated currencies to our supplier’s bank accounts in a single file process. The FXP payment platform must detail the Euro cost of each payment, together with transaction processing costs and provide systemised reports to support.
Irish Rail will transfer the total Euro cost of each weekly FXP bulk file payment, including transaction processing costs/margin to the provider’s bank account in advance of the payments being made to our suppliers. Irish Rail does not intend to open new currency bank accounts to support this process and will pay for the service in Euros and using our current banking partner and accounts.
Irish Rail also require security and separation of duty validations within the chosen foreign currency payment platform. It is envisaged that individual users will have responsibility for the preparation and upload of transactions for payment with separate user authorisation before payments are processed. Irish Rail will also require transaction and user value limit controls.
Show more Award criteria
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 💰
Duration of the contract, framework agreement or dynamic purchasing system
The time frame below is expressed in number of months.
Description
Duration: 60
Duration of the contract, framework agreement or dynamic purchasing system
This contract is subject to renewal ✅ Description
Description of renewals:
“IE reserve the right to extend the contract for a further two years on a year by year basis”
Legal, economic, financial and technical information Conditions for participation
List and brief description of conditions:
“For full details, please download a copy of the attached Pre-Qualification Questionnaire.” Economic and financial standing
List and brief description of selection criteria:
“The economic and financial capacity of the entity must be established to the satisfaction of IE.
Applicants will be invited to complete a questionnaire...”
List and brief description of selection criteria
The economic and financial capacity of the entity must be established to the satisfaction of IE.
Applicants will be invited to complete a questionnaire (attached) which seeks company details; information on similar contracts undertaken with value, dates, locations and contact names for reference etc; applicants may be requested to provide supporting information such as balance sheets for the past three financial years.
For full details, please download a copy of the attached Pre-Qualification Questionnaire.
Show more Technical and professional ability
List and brief description of selection criteria:
“The technical competence of the entity, its employees and processes must be established to the satisfaction of IE. Applicants will be invited to complete a...”
List and brief description of selection criteria
The technical competence of the entity, its employees and processes must be established to the satisfaction of IE. Applicants will be invited to complete a questionnaire which seeks company details to establish the entity’s technical capacity.
For full details, please download a copy of the attached Pre-Qualification Questionnaire.
Show more Conditions related to the contract
Contract performance conditions:
“For full details, please download a copy of the attached Pre-Qualification Questionnaire.”
Procedure Type of procedure
Negotiated procedure with prior call for competition
Administrative information
Time limit for receipt of tenders or requests to participate: 2022-06-30
12:00 📅
Languages in which tenders or requests to participate may be submitted: English 🗣️
The time frame below is expressed in number of months.
Minimum time frame during which the tenderer must maintain the tender: 6
Complementary information Review body
Name: Central Office of the High Court
Postal address: Four Courts
Postal town: Dublin 7
Postal code: D07 N972
Country: Ireland 🇮🇪
Phone: +353 18886511📞
E-mail: highcourtcentraloffice@courts.ie📧
Fax: +353 18886125 📠
URL: http://www.courts.ie🌏 Body responsible for mediation procedures
Name: The High Court
Postal town: Dublin
Country: Ireland 🇮🇪 Service from which information about the review procedure may be obtained
Name: Central Office of the High Court
Postal address: Four Courts
Postal town: Dublin 7
Postal code: D07 N972
Country: Ireland 🇮🇪
Phone: +353 18886511📞
E-mail: highcourtcentraloffice@courts.ie📧
Fax: +353 18886125 📠
URL: http://www.courts.ie🌏
Source: OJS 2022/S 107-303063 (2022-05-30)