Awarded contract

Published

NCA21335 Aspire Cash Service

18 Suppliers have already viewed this notice

Track & Win Public Sector Contracts and Tenders. Sign up for Free

Value

110,000 GBP

Current supplier

John Smith & Son

Description

The University of Edinburgh has awarded a contract to JS Group, for provision of their ASPIRE Cash service, allowing the University to dispense imbursements to students experiencing hardship, in the form of cash, vouchers and draw-down funds. This is a 12-month contract with an optional further 1 x 12-month extension. This is a pilot contract aimed at testing the value of utilising the Aspire service to facilitate hardship payments to students with minimum delay. It is intended that this will also free up internal resource and allow measurement of the true extent of our requirement. It should be noted that the contract value is an estimate, based on a flat % fee per transaction. Actual contract value may be significantly lower if the uptake of this payment service during the pilot period. A value of GBP110,000 has been used, but this applies only in the case of exercising a 12-month extension, and assumes maximum uptake. Real figure expected to be significantly lower, particularly in the initial 12 months period. Lot 1: A contract award is a 12 month subscription to the ASPIRE Cash service from JS Group. This allows the University to dispense imbursements to students experiencing hardship, in the form of cash, vouchers and draw-down funds. An optional further 1 x 12-month extension is included. This is a pilot, aimed meeting the immediate need while testing the uptake of a facility to process these unusual payments with minimum delay, freeing up internal resource and allowing measurement of uptake and development of a future ITT. It should be noted that the contract value is an estimate, based on a flat % fee per transaction. Actual contract value may be significantly lower if the uptake of this payment service during the pilot period.. NB. it is possible, and likely at this stage, that uptake will be far smaller than we have allowed for in the award value. Should the contract uptake prove to be higher than anticipated the University will accelerate plans to prepare an ITT and opent to competition as soon as possible.

Create a Free Account on Stotles

Stotles is your single source for government tenders, contracts, frameworks and much more. Sign up for free.

Explore similar pre-tenders, open or awarded contracts

Browse open tenders, recent contract awards and upcoming contract expiries that match similar CPV codes.

Wyre Borough Council

346,195 GBP

Published a day ago

Folkestone and Hythe District Council

770,922 GBP

Published 4 days ago

Westminster City Council

25,000 GBP

Published 6 days ago

Glasgow City Council

311,532 GBP

Published 22 days ago

Awarded

HRIS

Freebridge Community Housing

312,544.28 GBP

Published 22 days ago

National Savings and Investments

Published 22 days ago

Winstanley College

103,577.7 GBP

Published a month ago

Moat Homes Ltd

591,932.76 GBP

Published a month ago

Ministry of Justice

160,000 GBP

Published a month ago

Explore top buyers for public sector contracts

Discover open tenders, contract awards and upcoming contract expiries of thousands of public sector buyers below. Gain insights into their procurement activity, historical purchasing trends and more.

Explore over 15,000 buyers

Sign up to the Stotles Tender Tracker for free

Find even more contracts with advanced search capability and AI powered relevance scoring.