Contractual Arrangements. This framework was advertised via the Official Journal of the European Union and selection and award of the service provider is in accordance with the EU Directives under the Restricted procedure. The Driver and Vehicle Licensing Agency [DVLA] (on behalf of the Secretary of State for Transport) will act as the Supervisory Authority for this Framework. The Framework will be available for use by all Central Government Departments, their Executive Agencies and Non Departmental public bodies, including local/unitary authorities. Separate Call-Off contracts will be raised by individual contracting authorities in accordance with the terms of the Framework and all contractual engagement thereafter will be between the service provider and the contracting authority. In line with the terms of the individual contracts, all settlement of invoices for service provision will be the responsibility of the relevant individual contracting authority. The Framework will operate for a period of 3 years with an option to extend for a further one year. Call-Off contracts on the framework can be extended past the expiry date of the Framework. However, this should not be done in order to circumvent the EU rules on competition. The Framework commencement date is 9 March 2012 and any Call-Off contracts can start from that date. In line with UK Government transparency guidelines, publication of contract award details in respect of each contract let against the framework will reside with the contracting authority in each case. The overall aim of the Framework is to generate a reduction in transaction costs in direct proportion to the scale of take-up and transaction throughput. This will be generated by the instigation of a transaction cost reduction when pre-determined milestones of volumes have been achieved.
Appears in 3 contracts
Sources: Merchant Acquirer Framework Agreement, Merchant Acquirer Framework Agreement, Framework Contract for Merchant Acquiring Services