Award

Prepaid Card Account Service

LONDON BOROUGH OF NEWHAM

This public procurement record has 1 release in its history.

Award

05 Dec 2023 at 17:06

Award Notice
Summary of the contracting process

The London Borough of Newham has recently awarded a contract for the provision and maintenance of Prepaid Card Accounts to Prepaid Financial Services Limited. The contract falls under the financial and insurance services category with a total value of £881,600. The procurement method used was "selective" by calling off from a framework agreement. The contract period starts from November 1, 2023, and ends on October 31, 2027. The tender closed on August 18, 2023, and the contract award was finalised on November 16, 2023. The buying organisation involved is the London Borough of Newham, located in London, United Kingdom.

This awarded tender presents an opportunity for businesses operating in financial and insurance services, particularly those well-suited for providing Prepaid Card Account services. The London Borough of Newham has indicated a preference for SMEs as the contract is suitable for small and medium-sized enterprises. Businesses interested in offering competitive services in this sector should consider partnering with the London Borough of Newham to enhance their growth prospects and establish a strong presence in the financial services industry.

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Notice Information

Notice Title

Prepaid Card Account Service

Notice Description

Provision and maintenance of Prepaid Card Accounts.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-390dab75-71b6-4742-b17a-3beaba38a866
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6ef2af8d-efce-4f9f-a7de-8758527a4f84
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£881,600 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
5 Dec 20232 years ago
Submission Deadline
18 Aug 2023Expired
Future Notice Date
Not specified
Award Date
16 Nov 20232 years ago
Contract Period
1 Nov 2023 - 31 Oct 2027 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
LONDON BOROUGH OF NEWHAM
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
E16 2QU
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London
Local Authority
Newham
Electoral Ward
Royal Albert
Westminster Constituency
West Ham and Beckton

Supplier Information

Number of Suppliers
1
Supplier Name

PREPAID FINANCIAL SERVICES

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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