Award

Purchasing cards

CAPITALESOURCING

This public procurement record has 1 release in its history.

Award

27 Apr 2020 at 13:15

Summary of the contracting process

The procurement process involves capitalEsourcing, acting as the buyer, initiating a direct award for the provision of purchasing cards. This contract falls under the banking and investment services category (CPV code: 66100000) and is set in London, United Kingdom. The contract, valued at £120,000, has a duration of three years from 30 January 2020, with the possibility of a one-year extension. The tender period ended on 3 December 2019, and the award notice was published on 27 April 2020, officially marking the contract as active.

This tender presents significant opportunities for businesses in the financial services sector, particularly those specialising in payment solutions and card services. Given the direct awarding process, larger firms like National Westminster Bank Plc have already taken part, indicating that capable suppliers with a track record in managing public sector financial services may be well-positioned to compete for similar future tenders. Businesses that can demonstrate relevant experience and comply with the conditions of the CCS framework will find this market potentially lucrative for growth.

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Notice Title

Purchasing cards

Notice Description

The provision of purchasing cards. This is a direct award on the CCS framework - RM3228 - Payment solutions Lot 1 - Public sector cards This is a concessionary contract, the value published is the estimated concessionary value over the life of the contract. For a period of three years with an option to extend for up to one year, at the sole discretion of the Authority, if the framework term is extended to allow for this.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-43bac91c-b72f-41b3-9923-db7d96332229
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0fb71315-4a6b-4070-b973-e609d07c0161
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£120,000 £100K-£500K
Lots Value
Not specified
Awards Value
£120,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Apr 20205 years ago
Submission Deadline
3 Dec 2019Expired
Future Notice Date
Not specified
Award Date
3 Dec 20196 years ago
Contract Period
30 Jan 2020 - 29 Jan 2024 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
CAPITALESOURCING
Contact Name
Not specified
Contact Email
nbourne@westminster.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1E 6QP
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

NATIONAL WESTMINSTER BANK

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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