RFP QuestBeta
Awarded · ResultStage · contract

Association Of North East Councils

Provision of Prepaid Card Accounts

Financial ServicesCPV 66000000
Value£24.0m
Awarded3 Oct 2016
Published24 Feb 2017
RegionUK-wide
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£24.0mtotal contract value
median £150k
this tender£0£25.9m

This is a large award for Financial & Insurance Services — above three-quarters of comparable contracts. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

The brief

The North East Procurement Organisation (NEPO) Framework Contract award for the provision of Prepaid Card Accounts allowing Contracting Authorities an alternative method to manage their cash disbursements and budget monitoring.

Prepaid Card Accounts will operate similar to a standard UK Bank Account, including the option to withdraw cash from an ATM, make regular payments, pay vendors and receive regular statements.

Prepaid Card Accounts do not have an accessible overdraft facility.

Prepaid Cards operate much in the same way as standard Debit Card whereby funds will be preloaded by Contracting Authorities and used by the Cardholder until the balance is exhausted.

It is anticipated that Contracting Authorities will primarily use Prepaid Card Accounts for Social/Health Care related Direct Payments and for the management of Corporate Expenses.

This is not exhaustive and Contracting Authorities may require the Prepaid Card Accounts for additional related services.

Buyer intelligence

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Source & provenance
OCID
8d1afe53-7f44-4492-8d52-6cf7f8a27a3d
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
NEPO505
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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