Pre-Paid Purchasing Cards

Contract summary

Industry

• Financial consultancy, financial transaction processing and clearing-house services - 66170000

• Financial consultancy services - 66171000

• Financial transaction processing and clearing-house services - 66172000

Location of contract

LN1 1YL

Value of contract

£80,000

Procurement reference

PL25/028-977

Published date

28 January 2026

Closing date

1 January 2026

Closing time

3:24pm

Contract start date

2 February 2026

Contract end date

1 February 2028

Contract type

Service contract

Procedure type

Call-off from a framework agreement

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

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Description

The services which are being procured as part of this Procurement are approx. 700 pre-paid payment cards initially for court of protection department clients at Lincolnshire County Council.
The Council reserves the ability to increase this number over the contract term to other clients within the Social Care arena if such a business case is accepted.
The Call-Off Contract will run for a period of (2) two years commencing February 2026. There will be an option for the Council to extend the Call-Off Contract by a period of 2 x 12month extensions to 8th January 2030 Currently the Council estimates expenditure would be circa £540,000 per annum - up to £1,000,000 pa if the card cohort is extended further during the term of the contract.

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More information

Links

• https://app.panacea-software.com/lcc/
• Tender notice
• ⭐ Click above to Apply (link to e-procurement portal)

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Award information

Awarded date

28 January 2026

Contract start date

2 February 2026

Contract end date

2 February 2028

Total value of contract

£56,004

This contract was awarded to 1 supplier.

ELM PrePaid Financial Services Limited

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About the buyer

Contact name

Deane Fehnert

Address

County Offices
Newland
Lincoln
LN1 1YL
England

Email

deane.fehnert@lincolnshire.gov.uk