Award

Procurement Cards

THE INSOLVENCY SERVICE

This public procurement record has 1 release in its history.

Award

25 Jul 2024 at 10:33

Summary of the contracting process

The Insolvency Service has concluded a procurement process titled "Procurement Cards" aimed at providing access to lodged, virtual, and physical card solutions for purchasing common goods and services. This initiative falls under the banking services industry category and covers the postcode E20 1HZ in England. The procurement process was executed using a selective method via a call-off from a framework agreement, and the current stage is Award with the award made on 25th July 2024. The contract period is set to start on 1st August 2024 and will end on 31st July 2027, involving a total value of £9,600,000. The primary buying organisation here is The Insolvency Service.

This tender presents a robust opportunity for businesses involved in providing financial card solutions to expand their services. While the contract is not specifically directed at SMEs or VCSEs, large-scale businesses offering comprehensive and reliable procurement card solutions can significantly benefit. National Westminster Bank PLC, the awarded supplier, exemplifies the type of firm that stands to gain from engaging in similar future tenders, given the scale and scope of the services required. This contract could particularly foster growth for firms specialising in scalable banking services solutions.

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Notice Title

Procurement Cards

Notice Description

Provision of Procurement Cards. Access lodged, virtual and physical card solutions to buy common goods and services. To include an annual rebate based on spend and is paid retrospectively (back dated) by the Supplier.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6fcb1b92-b1cf-406a-b362-42a0fb3295b9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b680e4a8-58ae-42cc-9a51-8cc4e1d8f21c
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Goods
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

66110000 - Banking services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£9,600,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
25 Jul 20241 years ago
Submission Deadline
1 Jul 2024Expired
Future Notice Date
Not specified
Award Date
24 Jul 20241 years ago
Contract Period
31 Jul 2024 - 31 Jul 2027 2-3 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
THE INSOLVENCY SERVICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
STRATFORD
Postcode
SW1P 2HT
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
Not specified

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)

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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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