NEPO505 Payment Card Services
A Modification Notice
by NEPO
- Source
- Find a Tender
- Type
- Contract (Services)
- Duration
- 6 year
- Value
- £6B-£6B
- Sector
- BUSINESS
- Published
- 11 Mar 2024
- Delivery
- To 11 Mar 2030 (est.)
- Deadline
- n/a
Concepts
Location
Gateshead
1 buyer
- NEPO Gateshead
2 suppliers
- Lloyds Bank London
- National Westminster Bank London
Description
NEPO in collaboration with ESPO and YPO have established a multi-supplier, multi-lot Framework Contract for the provision of Prepaid Card Accounts, Commercial Procurement Cards and other related services provided by payment solution providers. The Framework Contract consists of the following lots: Lot 1: Prepaid Payments Lot 2 : Corporate Payments The Framework Contract will replace the preceding NEPO505 Prepaid Cards Framework Contract which expired on 8.01.2022.
Ammendments to Previous Notice
2. Contract value
GBP 6,053,000,000
Award Detail
| 1 | Lloyds Bank (London)
|
| 2 | National Westminster Bank (London)
|
CPV Codes
- 66000000 - Financial and insurance services
- 30160000 - Magnetic cards
- 48440000 - Financial analysis and accounting software package
- 48812000 - Financial information systems
- 79211120 - Sales and purchases recording services
- 79211200 - Compilation of financial statements services
- 79411100 - Business development consultancy services
Indicators
- Contract modified due to unforeseen circumstances.
Legal Justification
Due to market expectations in relation to payment term rebates for Commercial Procurement Cards, NEPO has taken the decision to modify the spend band tiering in the Pricing Schedule for Lot 2 - Corporate Payments and accept revised supplier rebate values. The modifications shall ensure that the framework agreement remains relevant in the public sector marketplace. In accordance with Regulation 72(1)(e) of the Public Contracts Regulations 2015, the modifications are not substantial and do not amount to a material change in the Framework Agreement or Services.
Reference
- FTS 007614-2024