Foreign Currency Transaction Payments

Iarnrod Eireann-Irish Rail

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.

Who? What? Where?
Procurement history
Date Document
2022-05-30 Contract notice
Contract notice (2022-05-30)
Object
Scope of the procurement
Title: Foreign exchange services
Reference number: 8018
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.
Show more
Notice metadata
Original language: English 🗣️
Document type: Contract notice
Nature of contract: Services
Regulation: European Union
Common procurement vocabulary (CPV)
Code: Foreign exchange services 📦
Additional CPV: Foreign exchange services 📦
Place of performance
NUTS region: Éire/Ireland 🏙️

Procedure
Procedure type: Negotiated procedure
Type of bid: Submission for all lots
Award criteria
The most economic tender

Contracting authority
Identity
Country: Ireland 🇮🇪
Awarding authority type: Utilities entity
Awarding authority name: Iarnród Eireann-Irish Rail
Postal address: Connolly Station,
Postal code: Dublin
Postal town: Dublin
Contact
Internet address: http://www.irishrail.ie 🌏
E-mail: tommy.conlon@irishrail.ie 📧
URL for documents: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=213395&B=ETENDERS_SIMPLE 🌏
URL for participation: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=213395&B=ETENDERS_SIMPLE 🌏

Reference
Dates
Date dispatched: 2022-05-30 📅
Submission deadline: 2022-06-30 📅
Publication date: 2022-06-03 📅
Identifiers
Notice number: 2022/S 107-303063
OJ-S issue: 107

Object
Scope of the procurement
Estimated total value: 1 EUR 💰
Short description:
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.
Show more
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.
Show more
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.
Show more
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
Estimated value excluding VAT: 1 EUR 💰
Duration: 60 months
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
Suitability to pursue the professional activity:
For full details, please download a copy of the attached Pre-Qualification Questionnaire.
Economic and financial standing:
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.
Show more
For full details, please download a copy of the attached Pre-Qualification Questionnaire.
Technical and professional ability:
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.
Contract execution
Contract performance conditions:
For full details, please download a copy of the attached Pre-Qualification Questionnaire.

Procedure
Legal basis: 32014L0025
Time of receipt of tenders: 12:00
Languages in which tenders or requests to participate may be submitted: English 🗣️
Tender validity period: 6 months

Contracting authority
Identity
National registration number: IE 4812851 O
Contact
Contact point: Tommy Conlon
Address of the buyer profile: https://irl.eu-supply.com/ctm/Company/CompanyInformation/Index/433 🌏
Documents URL: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=213395&B=ETENDERS_SIMPLE 🌏

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 📠
Internet address: http://www.courts.ie 🌏
Body responsible for mediation procedures
Name: The High Court
Postal town: Dublin
Service from which information about the review procedure may be obtained
Same as: Review body
Source: OJS 2022/S 107-303063 (2022-05-30)
New procurements in related categories 🆕
Related searches 🔍
Products/services:
Financial and insurance services Banking and investment services Foreign exchange services