Award

Prepaid Card Services

LONDON BOROUGH OF ENFIELD

This public procurement record has 2 releases in its history.

Award

04 Jun 2025 at 08:10

Award

04 Jun 2025 at 07:57

Summary of the contracting process

The London Borough of Enfield has successfully completed the procurement process for its "Prepaid Card Services" contract, classified under the "Banking and investment services" category. The contract was awarded to Prepaid Financial Services Limited through a direct award under the NEPO Framework Agreement 505, Lot 1 with the procurement stage tagged as "award." The call-off contract will commence on 1st March 2025 and conclude on 28th February 2029, with a total contract value of £400,000. The services will be delivered across multiple regions within the United Kingdom, including the North East, North West, and London, among others. The contract caters specifically to Adults and Children Services by enabling the use of prepayment cards.

This tender presents an opportunity for businesses involved in financial services, specifically those focusing on prepaid card solutions, to engage with a sizeable public sector project. Although the contract was directly awarded, showcasing a commitment to efficient resource management and streamlined delivery, it offers insights into procurement opportunities within the public sector. Such contracts can be particularly beneficial for specialised firms aiming to strengthen their market presence in banking services and expand their service portfolios with public sector entities, especially those with the capability to manage significant financial transactions and support government services.

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Notice Title

Prepaid Card Services

Notice Description

Contract award for the use of pre payment cards re. people receiving direct payments through Adults and Children Services - which have the option of receiving these through a single prepaid Council card solution (facilitated under this call-off contract). The services are procured through NEPO (North Eastern Procurement Organisation) Framework Agreement 505 under Lot 1 (Prepaid Payments), with the call-off contract commencing March 2025.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2dcd1f65-09c3-4395-a1d7-37d8c0196c43
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/11d4b3bd-de18-47b1-b24e-80e86d21947c
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£400,000 £100K-£500K
Lots Value
Not specified
Awards Value
£400,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Jun 20258 months ago
Submission Deadline
5 Dec 2024Expired
Future Notice Date
Not specified
Award Date
23 Jan 20251 years ago
Contract Period
1 Mar 2025 - 28 Feb 2029 4-5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF ENFIELD
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
ENFIELD
Postcode
EN1 3ES
Post Town
Enfield
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI54 Enfield
Delivery Location
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLI London, TLJ South East (England), TLK South West (England)

Local Authority
Enfield
Electoral Ward
Town
Westminster Constituency
Enfield North

Supplier Information

Number of Suppliers
1
Supplier Name

PREPAID FINANCIAL SERVICES

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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