Award

City of London Corporation - Procurement Card Solution

CITY OF LONDON CORPORATION

This public procurement record has 1 release in its history.

Award

17 Jul 2020 at 08:25

Award Notice
Summary of the contracting process

The City of London Corporation has successfully awarded a contract for a Procurement Card Solution, which is classified under Banking and Investment Services. This contract, awarded on 17th March 2020, has an effective period from 1st June 2020 until 31st May 2023, with the possibility of a 12-month extension. The procurement process followed a selective method as a call-off from a framework agreement, and the estimated value of the transactions conducted via these cards is approximately £5.5 million per financial year. The contract was closed as of 17th January 2020, marking the end of the tender period.

This opportunity presents significant potential for businesses engaged in financial services, especially those capable of providing similar solutions. Companies looking to tap into public sector contracts and those with experience in banking operations or procurement card services may find this procurement particularly relevant. The ongoing successful management of expenditures through such contracts can lead to enhanced business relationships and future work within the public sector for competent suppliers, particularly large-scale service providers like Lloyds Bank Plc.

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Notice Information

Notice Title

City of London Corporation - Procurement Card Solution

Notice Description

Please note that this is an award notice and the opportunity is closed. The Mayor and Commonalty and Citizens of the City of London has awarded a contract for the provision of Procurement Cards for a duration of 36 months, including an optional extension for a further 12 months. The maximum length of the Contract is 4 years in total. **Please note: This is a nil-cost contract for providing the Purchasing Card Service. The value spent across the cards is circa. PS5.5 million per financial year.**

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1cc4ba4d-c0b4-44f3-a6a7-978fb67eef05
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/336a14c9-ec39-45af-89ac-cf356e2c809d
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
17 Jul 20205 years ago
Submission Deadline
17 Jan 2020Expired
Future Notice Date
Not specified
Award Date
17 Mar 20205 years ago
Contract Period
31 May 2020 - 31 May 2023 2-3 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
CITY OF LONDON CORPORATION
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2P 2EJ
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
TLI London
Local Authority
Islington
Electoral Ward
Clerkenwell
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS BANK

Further Information

Notice Documents

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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