Awarded contract

Payment Card Services (Prepaid Cards)

Details

Supplier(s)
EML Payments
Value
£121,148
Duration
4 years
Topic
Office machinery, equipment and supplies except computers, printers and furniture
Published
7 March 2023

Tender description

Prepaid card accounts used to hold funds for individuals in receipt of a Direct Payment. The contract is to facilitate the use of the Prepaid card and to allow individuals in receipt of a Direct Payment to use the Prepaid card to pay for care and support required as part of their Direct Payment. This was procured via the NEPO 505 Payment Card Services, Lot 1 Prepaid Payments and was a Direct Award conducted as per the stated criteria of the Framework. Additional information: Please note that the value is estimated as will fluctuate during the contract; the value may also change according to any RPI-X increases, as referred to within the framework agreement. The value stated in the notice is the expected year one cost x 4 years with 3 years being the initial term and the 4th year extension not confirmed. The contract dates show the whole potential life of the contract (3+1 years) but the initial term is 01 March 2023 - 28 February 2026, with the potential extension being until 28 February 2027.

Timeline

  1. Completed: Award date1 March 2023
  2. Completed: Award published7 March 2023
    Current notice
  3. Next: Contract expiry date28 February 2027in 4 months

About the buyer

Isle of Wight Council governs the island as a local authority. Public Contract Regulations 2015 govern the council's tender processes. Every business gets a fair and equal chance to compete for its contracts.

Over the past 5 years, most of Isle of Wight Council's contract awards have been in software and information systems, IT services and construction work.

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Decision makers

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