Contract award · 21 Jun 2023

Business to Business Outsourced Services

NS&I awarded “Business to Business Outsourced Services” to Sopra Steria Limited for £92.3m on 21 Jun 2023.

Software & information systemsLondon

BuyerNS&I
Value £92.3m

Competition with a shortlist

Competitive procedure with a selection stage: suppliers were shortlisted before being invited to bid.

Key facts

Buyer
NS&I · Ministry or any other national or federal authority, including their regional or local subdivisions
Value
£92,312,456
Procedure
Competitive procedure with negotiation
Sector
Software & information systems · Information systems (CPV 48810000)
Region
London
Timeline
  1. Contract date21 Jun 2023
  2. Published20 Jul 2023Published 29 days after the contract date

Description

This contract has been awarded following the conclusion of a procurement process. This package of work is part of NS&I's Rainbow Programme, and it will procure a strategic supplier of managed services to deliver B2B on behalf of NS&I. The B2B services are responsible for the delivery of government schemes, including Childcare Services, Help to Save, Help to Buy ISA, Mortgage Guarantee Scheme, and the Court Funds Office. The contract is offered to one supplier for a period of 3 years following service commencement, with an initial up to 9 month transition period to ensure smooth service commencement from 1st April 2024. At the end of the contract, the B2B services would transition to the Rainbow Programme operating model. National Savings and Investments (NS&I) is an Executive Agency of the Chancellor of the Exchequer. It is one of the UK's largest retail savings organisations with 25 million customers, more than £202 billion funds under management, best known for Premium Bonds but als…

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