Award

Provision of DfT Procurement Card Services

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 1 release in its history.

Award

26 Jul 2024 at 10:34

Summary of the contracting process

The Department for Transport (DfT) has awarded a contract to National Westminster Bank (NatWest) for the provision of Procurement Card Services. This contract, valued at approximately £60,000, covers services for lodged, virtual, and physical card solutions to facilitate the purchase of common goods and services. This non-committal arrangement is structured around an annual rebate based on spend, paid retrospectively. The contract spans from 12th July 2024 to 9th July 2027 and will serve several locations including the British Overseas Territories, Channel Islands, Europe, Isle of Man, the Rest of the World, and the United Kingdom. This procurement falls under the industry category of services, specifically classified under credit cards and corporate finance and venture capital services, and has been procured through a competitive quotation method as part of the CCS Payment Solutions 2 Framework (RM6248), Lot 1 Procurement Cards.

This tender presents significant opportunities for businesses within the financial services sector, particularly those specialising in credit and procurement card solutions. By participating in such government contracts, companies can secure steady streams of business and enhance their market credibility. Enterprises with robust capabilities in offering comprehensive card solutions and rebate management would be particularly well-suited for such competitive tenders. Moreover, collaboration with major government departments like DfT can lead to long-term beneficial partnerships and create pathways for further growth and expansion within the public procurement market.

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Notice Title

Provision of DfT Procurement Card Services

Notice Description

Department for Transport provision of Procurement Card Services - procured via a further competition utilising CCS' Payment Solutions 2 Framework (RM6248), Lot 1 Procurement Cards. For transparency purposes, the nature of this service if for the Department and it's agencies to access lodged, virtual and (limited) physical card solutions to buy common goods and services. Spend is non-committal and purely subject to business need. This arrangement works on an annual rebate structure based on spend and is paid retrospectively. The approximately PS60k figure is allocated for potential fee charges for the duration of this contract.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-fd9438fc-08a3-47f8-99f1-3a55f419df35
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5d7e1cc5-f886-4313-9c4e-017507883bfd
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

66 - Financial and insurance services


CPV Codes

30161000 - Credit cards

66122000 - Corporate finance and venture capital services

Notice Value(s)

Tender Value
£60,000 Under £100K
Lots Value
Not specified
Awards Value
£60,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
26 Jul 20241 years ago
Submission Deadline
27 May 2024Expired
Future Notice Date
Not specified
Award Date
11 Jul 20241 years ago
Contract Period
11 Jul 2024 - 9 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
DFTC - DEPARTMENT FOR TRANSPORT
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
SW1P 4DR
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
Vincent Square
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

NATIONAL WESTMINSTER BANK (NATWEST

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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