Award

Merchant Services

LONDON BOROUGH OF MERTON

This public procurement record has 1 release in its history.

Award

03 Nov 2021 at 13:49

Award Notice
Summary of the contracting process

The London Borough of Merton has recently completed a tender process for Merchant Services under the Cost and Procurement Advisory Service (CPRAS) framework, classified under banking services. The procurement method utilised was an open procedure, with the tender period concluding on 27th July 2021. The awarded contract, valued at £156 million, is set to commence on 1st March 2022 and will run until 26th February 2027, addressing needs within England, United Kingdom.

This contract presents significant opportunities for business growth, particularly for small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) involved in service provision. Businesses that specialise in banking services and payment processing may find this tender aligns well with their offerings, as the is a high-value contract that can enhance their portfolio and foster long-term relationships with a prominent local authority.

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Notice Information

Notice Title

Merchant Services

Notice Description

Merchant Services under the Cost and Procurement Advisory Service (CPRAS) framework.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c3464718-23de-4c66-bd26-dca32d40f97d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a5540a0b-d6c6-4119-979f-d804b0a25e34
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
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
£156,000,000 £100M-£1B
Contracts Value
Not specified

Notice Dates

Publication Date
3 Nov 20214 years ago
Submission Deadline
27 Jul 2021Expired
Future Notice Date
Not specified
Award Date
10 Oct 20214 years ago
Contract Period
1 Mar 2022 - 26 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
LONDON BOROUGH OF MERTON
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MORDEN
Postcode
SM4 5DX
Post Town
Sutton
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI63 Merton, Kingston upon Thames and Sutton
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Merton
Electoral Ward
Merton Park
Westminster Constituency
Wimbledon

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS BANK CARDNET

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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