Award

DA from NEPO505 Payment Card Services FW for Prepaid Cards

STOCKTON-ON-TEES BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

13 Feb 2025 at 09:01

Award Notice
Summary of the contracting process

Stockton-on-Tees Borough Council has completed the procurement process for the provision of prepaid card services under the NEPO505 framework. The contract, titled "DA from NEPO505 Payment Card Services FW for Prepaid Cards," falls under the financial and insurance services category. The procurement utilized a limited method, specifically an award procedure without prior publication of a call for competition, due to falling outside the scope of the directive. This contract is for an initial term of two years, with an option for a 12-month extension, and was awarded on 9 January 2025. The supplier selected is Prepaid Financial Services Limited, based in London, UK, with contractual work expected to cater to the UKC11 region where Stockton-on-Tees is located.

This tender represents a significant growth opportunity for businesses involved in financial and insurance services, particularly those specialising in prepaid card services. Firms with experience in framework agreements and compliant direct awards will find this type of procurement process beneficial. The specific nature of the services and the direct award method indicate a preference for highly specialized providers capable of meeting precise requirements. This contract's projected value of £240,000 offers a solid business case for companies looking to expand in the regional financial services market, providing a stable revenue stream over the initial contract term and potentially beyond should the extension be utilised.

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Notice Information

Notice Title

DA from NEPO505 Payment Card Services FW for Prepaid Cards

Notice Description

DA from NEPO505 Payment Card Services FW for Prepaid Cards. A compliant direct award was made under the NEPO505 framework for the provision of Prepaid cards for Stockton-on-Tees Borough Council.

Lot Information

Lot 1

This notice is to notify the market of the award of the Prepaid Cards service via a DA from NEPO505 FW for Payment Card Services. A compliant direct award was made under the NEPO531 framework for the provision of General Banking Services for Stockton-on-Tees Borough Council.

Options: This contract is a 2 year initial term, plus 1 x 12 month extension.

Procurement Information

The award of this contract was a compliant direct award via the NEPO505 Payment Card Services FW to the most appropriate provider capable of delivering the required services to Stockton-on-Tees Borough Council.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04de6c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/004848-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£240,000 £100K-£500K

Notice Dates

Publication Date
13 Feb 20251 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
9 Jan 20251 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
STOCKTON-ON-TEES BOROUGH COUNCIL
Contact Name
Not specified
Contact Email
corporate.procurement@stockton.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
STOCKTON-ON-TEES
Postcode
TS17 6BJ
Post Town
Cleveland
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC3 Tees Valley
Small Region (ITL 3)
TLC31 Hartlepool and Stockton-on-Tees
Delivery Location
TLC11 Hartlepool and Stockton-on-Tees
Local Authority
Stockton-on-Tees
Electoral Ward
Mandale & Victoria
Westminster Constituency
Middlesbrough and Thornaby East

Supplier Information

Number of Suppliers
1
Supplier Name

PREPAID FINANCIAL SERVICES

Further Information

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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