Award

Procurement Card

POST OFFICE LIMITED

This public procurement record has 1 release in its history.

Award

06 Jun 2024 at 11:02

Summary of the contracting process

The Post Office Limited has awarded a contract for a new Procurement Card solution, including Virtual Cards. The procurement method used was selective, with a total contract value of £1,800,000. The tender period ended on 29th March 2024, and the contract runs from 1st April 2024 to 31st March 2028. The location for this procurement is in London, postcode EC2V 7ER, with the main procurement category being services.

This awarded contract presents an opportunity for businesses in the credit granting services sector to engage with the Post Office Limited. Companies well-suited to compete are those offering payment solutions and financial services related to procurement cards. The contract's nature, focused on a framework agreement call-off, provides a structured opportunity for businesses to participate and potentially grow through the provision of innovative solutions within the specified contract period.

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Notice Title

Procurement Card

Notice Description

This is for a new Procurement Card solution including Virtual Cards. This is a call off agreement using the UK Government's CCS RM6248 Payment Solutions 2 Framework, specifically Lot 1 Procurement cards

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4b9184be-446e-4330-9779-9b8bdcfdd94c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/cbeaec3e-2249-494a-9cce-3b826372f69c
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66113000 - Credit granting services

Notice Value(s)

Tender Value
£1,800,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,800,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
6 Jun 20241 years ago
Submission Deadline
29 Mar 2024Expired
Future Notice Date
Not specified
Award Date
31 Mar 20242 years ago
Contract Period
31 Mar 2024 - 31 Mar 2028 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
POST OFFICE LIMITED
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
EC2V 7ER
Post Town
Central 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
Not specified

Local Authority
City of London
Electoral Ward
Bassishaw
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

BARCLAYS BANK

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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