Award

Prepaid card services

CAPITALESOURCING

This public procurement record has 1 release in its history.

Award

07 Dec 2021 at 15:53

Summary of the contracting process

The Westminster City Council, through capitalEsourcing, has successfully completed a procurement process for prepaid card services, awarded to Prepaid Financial Services Ltd. This contract, worth £100,000, falls under the banking and investment services category (CPV code: 66100000). The contract period commenced on 1st February 2021 and will conclude on 1st September 2022. The procurement method utilised was a direct approach involving a single tender action, which indicates a streamlined process below the threshold for competitive bidding. The award was officially noted on 3rd August 2020, with publication of the details taking place on 7th December 2021.

This tender presents an opportunity for small and medium-sized enterprises (SMEs) that specialise in financial services, particularly in the provision of prepaid banking solutions. Given the direct contracting method used, businesses that have established relationships with public sector entities or possess relevant expertise in prepaid solutions may have a competitive advantage. Engaging in this type of procurement can help SMEs enhance their market presence and build long-term partnerships with government bodies.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Prepaid card services

Notice Description

Provision of Prepaid Cards for Westminster City Council and the Royal Borough of Kensington and Chelsea.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3a04afc1-15c0-4c65-a1cd-572f55ea90b8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bc2849d5-9601-4d8f-8601-ee8bcafd2131
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
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
£100,000 £100K-£500K
Lots Value
Not specified
Awards Value
£100,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Dec 20214 years ago
Submission Deadline
11 Aug 2020Expired
Future Notice Date
Not specified
Award Date
2 Aug 20205 years ago
Contract Period
1 Feb 2021 - 1 Sep 2022 1-2 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
CAPITALESOURCING
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
SW1E 6PQ
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

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

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-3a04afc1-15c0-4c65-a1cd-572f55ea90b8-2021-12-07T15:53:04Z",
    "date": "2021-12-07T15:53:04Z",
    "ocid": "ocds-b5fd17-3a04afc1-15c0-4c65-a1cd-572f55ea90b8",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "tender_245236/1020372",
        "title": "Prepaid card services",
        "description": "Provision of Prepaid Cards for Westminster City Council and the Royal Borough of Kensington and Chelsea.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66100000",
            "description": "Banking and investment services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "SW1E 6PQ"
                    },
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 100000,
            "currency": "GBP"
        },
        "procurementMethod": "direct",
        "procurementMethodDetails": "Single tender action (below threshold)",
        "tenderPeriod": {
            "endDate": "2020-08-11T14:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2021-02-01T00:00:00Z",
            "endDate": "2022-09-01T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-162039",
            "name": "capitalEsourcing",
            "identifier": {
                "legalName": "capitalEsourcing"
            },
            "address": {
                "streetAddress": "City Hall, 64 Victoria Street, London",
                "locality": "London",
                "postalCode": "SW1E 6PQ",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "nbourne@westminster.gov.uk",
                "telephone": "+447890380502"
            },
            "details": {
                "url": "https://www.westminster.gov.uk/"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-90036",
            "name": "Prepaid Financial Services Ltd",
            "identifier": {
                "legalName": "Prepaid Financial Services Ltd",
                "scheme": "GB-COH",
                "id": "90036"
            },
            "address": {
                "streetAddress": "302-308 Regents Street London, W1B 3AT"
            },
            "details": {
                "scale": "sme",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-162039",
        "name": "capitalEsourcing"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-3a04afc1-15c0-4c65-a1cd-572f55ea90b8-1",
            "status": "active",
            "date": "2020-08-03T00:00:00+01:00",
            "datePublished": "2021-12-07T15:53:04Z",
            "value": {
                "amount": 100000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-90036",
                    "name": "Prepaid Financial Services Ltd"
                }
            ],
            "contractPeriod": {
                "startDate": "2021-02-01T00:00:00Z",
                "endDate": "2022-09-01T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/bc2849d5-9601-4d8f-8601-ee8bcafd2131",
                    "datePublished": "2021-12-07T15:53:04Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}