Awarded contract
Published 01 Apr 20115000004598I Citibank Pre Payment Cards
London Borough of Barnet · London
Key facts
- Contract value
- £2,550,000
- Contract starts
- 01 Apr 2011
- Contract ends
- 30 Apr 2017
- Buyer type
- Local government
Awarded to
| Supplier | Value |
|---|---|
| Citibank Europe PLC | £2,550,000 |
Description
Extension of contract needed as new provider not sourced and switch from Citibank has not yet completed. Please note there is no DPR/CRC as the quoted value is not the value of the contract- the actual value of the contract is around £9000.00 pa. However, the contract is needed as citibank upload the cards from a small fund that we have logged with them. The borough then reimburses these funds and do so via an "invoice" that citibank provide us with. This amounts to a large value each year but does not constitute the value of the contract, it is simply money that citibank pass onto our clients on our behalf. This includes SEN payments.