Tender

NEPO505 PROVISION OF PREPAID CARD ACCOUNTS

NEPO

This public procurement record has 1 release in its history.

Tender

18 Nov 2016 at 20:17

Tender Notice
Summary of the contracting process

The North East Procurement Organisation (NEPO) is currently inviting suppliers to participate in a tender for the provision of Prepaid Card Accounts. This opportunity falls under the financial services industry and is based in the UK, specifically from NEPO's headquarters in Newcastle upon Tyne. The tender, titled "NEPO505 PROVISION OF PREPAID CARD ACCOUNTS," was published on 31 August 2016 and is being conducted through an open procurement method. The tender period has ended, with a contract period starting on 9 January 2018 and concluding on 8 January 2022. The total estimated value of the contract is £24,000,000.

This tender represents a significant opportunity for businesses specialising in financial services, particularly those that can provide innovative prepaid card solutions. Small and medium-sized enterprises (SMEs) will find this tender particularly relevant, given NEPO's criteria promoting SME participation. Companies with expertise in cash management solutions, budgeting tools, and financial technology will be well-suited to compete, offering their services to support various contracting authorities in managing social and health care-related expenditures effectively.

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Notice Information

Notice Title

NEPO505 PROVISION OF PREPAID CARD ACCOUNTS

Notice Description

The North East Procurement Organisation (NEPO) is inviting responses from suppliers for the provision of Prepaid Card Accounts allowing Contracting Authorities an alternative method to manage their cash disbursements and budget monitoring. Prepaid Card Accounts will operate similar to a standard UK Bank Account, including the option to withdraw cash from an ATM, make regular payments, pay vendors and receive regular statements. Prepaid Card Accounts do not have an accessible overdraft facility. Prepaid Cards operate much in the same way as standard Debit Card whereby funds will be preloaded by Contracting Authorities and used by the Cardholder until the balance is exhausted. It is anticipated that Contracting Authorities will primarily use Prepaid Card Accounts for Social/Health Care related Direct Payments and for the management of Corporate Expenses. This is not exhaustive and Contracting Authorities may require the Prepaid Card Accounts for additional related services.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1c9ae2e5-adca-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c95776a4-5676-451a-8dee-f74348c90434
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£24,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20169 years ago
Submission Deadline
4 Oct 2016Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
9 Jan 2018 - 8 Jan 2022 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NEPO
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE1 3AF
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
Not specified
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Further Information

Notice URLs

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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