Award

Payment Card Solution

INDEPENDENT PARLIAMENTARY STANDARDS AUTHORITY

This public procurement record has 1 release in its history.

Award

13 Apr 2026 at 15:30

Summary of the contracting process

The procurement process, titled "Payment Card Solution," was initiated by the Independent Parliamentary Standards Authority. This process falls under the general public services industry category, with services to be delivered in London, United Kingdom. The procurement followed a method classified as "Other" and was in the award stage when recorded. The tender was valued at £35,000,000, with the tender period concluding on 10th April 2026 and the contract starting from 27th April 2026, running until 22nd April 2030.

This contract presents significant opportunities for large-scale businesses within the financial services sector specialising in payment solutions. The role of the supplier has been awarded to Lloyds Banks, showcasing that established financial institutions are favoured for such high-value public contracts. Efficient management of financial solutions within the public sector could be a pathway for business growth and establishing long-term governmental partnerships. SMEs and VCSEs were not deemed suitable, suggesting the process favours well-established providers with substantial resources.

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How relevant is this notice?

Notice Title

Payment Card Solution

Notice Description

Provision of Payment Card Services

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-52d30b02-2015-4176-a3ca-a70862b54632
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ca511fbd-c862-4c3c-8f72-87e6554992ce
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

75 - Administration, defence and social security services


CPV Codes

75110000 - General public services

Notice Value(s)

Tender Value
£35,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£35,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Apr 20261 weeks ago
Submission Deadline
9 Apr 2026Expired
Future Notice Date
Not specified
Award Date
9 Apr 20262 weeks ago
Contract Period
26 Apr 2026 - 22 Apr 2030 3-4 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
INDEPENDENT PARLIAMENTARY STANDARDS AUTHORITY
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
WC2N 6LE
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
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

LLOYDS BANKS

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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