Award

Corporate Purchase Cards

CITY OF LONDON CORPORATION

This public procurement record has 1 release in its history.

Award

04 Jun 2024 at 13:43

Award Notice
Summary of the contracting process

The City of London Corporation has awarded a contract for Corporate Purchase Cards to Lloyds Bank. The procurement method was selective, involving a direct award under the NEPO505 Payment Card Services - Lot 2 Corporate Payments framework. The contract value is £22,000,000, with a contract period from June 1, 2024, to May 31, 2028. The tender was located in London, United Kingdom, falling under the banking services industry category. The closing date for the tender period was May 23, 2024.

This tender presents an opportunity for businesses in the banking services sector to engage with the City of London Corporation. The procurement stage has now reached the award phase, offering a clear insight into the buyer-supplier relationship. Companies well-versed in framework agreements and large-scale banking services are best suited to compete for similar future opportunities within the corporate payments sector.

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Notice Information

Notice Title

Corporate Purchase Cards

Notice Description

Direct Award to Lloyds Bank via the NEPO505 Payment Card Services - Lot 2 Corporate Payments framework

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-832cd826-07c0-41f1-8cc3-cd379d9c285e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2a44e363-d5d0-4ca8-889e-cb22c27ebd65
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

66110000 - Banking services

Notice Value(s)

Tender Value
£22,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£22,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
4 Jun 20241 years ago
Submission Deadline
23 May 2024Expired
Future Notice Date
Not specified
Award Date
22 May 20241 years ago
Contract Period
31 May 2024 - 31 May 2028 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
CITY OF LONDON CORPORATION
Contact Name
Daria Faeti
Contact Email
daria.faeti@cityoflondon.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC2V 7HH
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
City of London
Electoral Ward
Bassishaw
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS 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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