Award

Provision of Prepaid Card Accounts

ASSOCIATION OF NORTH EAST COUNCILS

This public procurement record has 1 release in its history.

Award

24 Feb 2017 at 14:28

Award Notice
Summary of the contracting process

The Association of North East Councils has completed a tender process for the "Provision of Prepaid Card Accounts," classified under financial and insurance services. This contract, valued at £24 million, is designed to provide contracting authorities with a flexible method for managing cash disbursements and budget monitoring. The contract period runs from 9 January 2017 to 8 January 2021. The procurement, conducted via an open procedure, allows a broad range of suppliers to compete, ensuring transparency and fairness. The procurement stage is marked as complete, with the contract awarded on 29 November 2016.

This opportunity may significantly benefit businesses involved in financial services, particularly those specialising in prepaid card solutions or similar cash management technologies. Small and medium-sized enterprises (SMEs) are encouraged to engage, as they can offer innovative and adaptable solutions that meet the varied needs of contracting authorities. Additionally, companies focusing on corporate expense management and social care payment systems would find this tender particularly well-suited for their growth strategies.

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Notice Information

Notice Title

Provision of Prepaid Card Accounts

Notice Description

The North East Procurement Organisation (NEPO) Framework Contract award for the provision of Prepaid Card Accounts allowing Contracting Authorities an alternative method to manage their cash disbursements and budget monitoring. Prepaid Card Accounts will operate similar to a standard UK Bank Account, including the option to withdraw cash from an ATM, make regular payments, pay vendors and receive regular statements. Prepaid Card Accounts do not have an accessible overdraft facility. Prepaid Cards operate much in the same way as standard Debit Card whereby funds will be preloaded by Contracting Authorities and used by the Cardholder until the balance is exhausted. It is anticipated that Contracting Authorities will primarily use Prepaid Card Accounts for Social/Health Care related Direct Payments and for the management of Corporate Expenses. This is not exhaustive and Contracting Authorities may require the Prepaid Card Accounts for additional related services.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3a12a06b-1bbd-425a-a85b-a7a46a1198f6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8d1afe53-7f44-4492-8d52-6cf7f8a27a3d
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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
£24,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£24,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
24 Feb 20179 years ago
Submission Deadline
4 Oct 2016Expired
Future Notice Date
Not specified
Award Date
29 Nov 20169 years ago
Contract Period
9 Jan 2017 - 8 Jan 2021 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
ASSOCIATION OF NORTH EAST COUNCILS
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE1 3AF
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
Not specified
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
3
Supplier Names

ALLPAY

AQUARIUM SOFTWARE

PREPAID FINANCIAL SERVICES

Further Information

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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