Award

Payment Card Services (Prepaid Cards)

ISLE OF WIGHT COUNCIL

This public procurement record has 1 release in its history.

Award

07 Mar 2023 at 12:08

Award Notice
Summary of the contracting process

The Isle of Wight Council has awarded a contract for Payment Card Services (Prepaid Cards) to EML Payments. The contract value is £121,148 GBP, with a contract period from March 1, 2023, to February 28, 2027. The procurement method used was a direct award, and the contract falls under the services category.

This contract presents an opportunity for businesses interested in providing prepaid card services for individuals receiving Direct Payments. Small and medium-sized enterprises (SMEs) may find this tender particularly suitable. The contract is located in the South East region of the United Kingdom and was awarded by the Isle of Wight Council.

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Notice Information

Notice Title

Payment Card Services (Prepaid Cards)

Notice Description

Prepaid card accounts used to hold funds for individuals in receipt of a Direct Payment. The contract is to facilitate the use of the Prepaid card and to allow individuals in receipt of a Direct Payment to use the Prepaid card to pay for care and support required as part of their Direct Payment. This was procured via the NEPO 505 Payment Card Services, Lot 1 Prepaid Payments and was a Direct Award conducted as per the stated criteria of the Framework. Additional information: Please note that the value is estimated as will fluctuate during the contract; the value may also change according to any RPI-X increases, as referred to within the framework agreement. The value stated in the notice is the expected year one cost x 4 years with 3 years being the initial term and the 4th year extension not confirmed. The contract dates show the whole potential life of the contract (3+1 years) but the initial term is 01 March 2023 - 28 February 2026, with the potential extension being until 28 February 2027.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-963db952-8b84-4d35-8ec6-5961e6a18cc9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f5214d7f-6852-452d-aa44-2ae384df8924
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

30 - Office and computing machinery, equipment and supplies except furniture and software packages

48 - Software package and information systems

66 - Financial and insurance services

CPV Codes

30100000 - Office machinery, equipment and supplies except computers, printers and furniture

48000000 - Software package and information systems

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£121,148 £100K-£500K
Lots Value
Not specified
Awards Value
£121,148 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Mar 20232 years ago
Submission Deadline
28 Feb 2023Expired
Future Notice Date
Not specified
Award Date
28 Feb 20232 years ago
Contract Period
1 Mar 2023 - 28 Feb 2027 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
ISLE OF WIGHT COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWPORT
Postcode
PO30 1UD
Post Town
Portsmouth
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ34 Isle of Wight
Delivery Location
TLJ South East (England)
Local Authority
Isle of Wight
Electoral Ward
Newport Central
Westminster Constituency
Isle of Wight West

Supplier Information

Number of Suppliers
1
Supplier Name

EML PAYMENTS

Further Information

Notice Documents

Notice URLs

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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