Award

NEPO521 Early Payment Scheme

SOUTH TYNESIDE COUNCIL

This public procurement record has 2 releases in its history.

Award

16 Apr 2020 at 10:01

Award Notice
Tender

21 Jan 2020 at 08:26

Tender Notice
Summary of the contracting process

The NEPO521 Early Payment Scheme is a public procurement framework agreement initiated by South Tyneside Council, designed to assist NEPO Member and Associate Member Authorities in implementing and operating an early payment scheme. The contract, which falls under the financial and insurance services industry category, has an estimated value of £60 million and is to be executed from 1 April 2020 to 31 March 2024, with an option to extend for two additional 24-month periods. The tender was published on 21 January 2020, and the tender period concluded on 25 February 2020. This procurement was conducted using an open procedure, classified as being above the threshold.

This initiative presents significant growth opportunities for small and medium-sized enterprises (SMEs) with expertise in financial services. Businesses in the financial sector that can offer innovative solutions for payment schemes, especially those suited to public sector needs, will likely find this tender appealing. With a focus on helping authorities enhance their financial operations, companies that provide implementation and operational support for such schemes are well-positioned to compete in the bidding process.

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Notice Information

Notice Title

NEPO521 Early Payment Scheme

Notice Description

This Framework Agreement is to support NEPO Member and Associate Member Authorities with the provision of an early payment scheme, offered on a modular basis applicable either to authorities without an existing early payment scheme wishing to both implement and operate the early payment scheme or authorities who wish to continue to operate an early payment scheme. This Framework Agreement is intended to support the Authorities over the next 48 months with an option to extend for a further two x 24 months. The Framework includes the provision of 1st Generation users - Implementation and Operations and 2nd Generation users - Continued Operation.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2329c9ec-5a34-4183-949d-fcd1c634d636
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b15d0edc-d8a4-4a42-8187-f1bd05613bc7
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£60 Under £100K
Lots Value
Not specified
Awards Value
£416,000,000 £100M-£1B
Contracts Value
Not specified

Notice Dates

Publication Date
16 Apr 20205 years ago
Submission Deadline
25 Feb 2020Expired
Future Notice Date
Not specified
Award Date
14 Apr 20205 years ago
Contract Period
30 Apr 2020 - 30 Apr 2024 4-5 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
SOUTH TYNESIDE COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SOUTH SHIELDS
Postcode
NE33 2RL
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
TLC North East (England)
Local Authority
South Tyneside
Electoral Ward
Beacon and Bents
Westminster Constituency
South Shields

Supplier Information

Number of Suppliers
1
Supplier Name

OXYGEN FINANCE

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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