Contract award · 23 Dec 2024

Core Banking, Payment, Reporting and Business-to-Business Services

NS&I awarded “Core Banking, Payment, Reporting and…” to Atos IT Services UK Limited for £474m. Awarded without open competition.

No competitionFinancial & insurance servicesLondon

BuyerNS&I
Value £474m

Awarded without open competition

Awarded without open competition. The buyer went directly to one or a few suppliers instead of advertising the contract. Procurement rules allow this only in specific cases, such as extreme urgency, when only one supplier can do the work, or for call-offs from an existing framework.

What “without competition” means

Key facts

Buyer
NS&I · Ministry or any other national or federal authority, including their regional or local subdivisions
Value
£474,380,000
Procedure
Negotiated procedure without prior publication (above threshold)
Sector
Financial & insurance services · Banking and investment services (CPV 66100000)
Region
London
Timeline
  1. Contract date23 Dec 2024
  2. Published6 Feb 2025Published 45 days after the contract date

Description

A new agreement for extended provision of the Business Process Outsourcing Agreement originally established between NS&I and Atos dated 20 May 2013 (as amended and restated) until March 2028 (with a 12-month extension for continuity if required), to provide for the transformation of the Core Banking platform and associated technologies, and for the continued provision of the Government Payment Services (B2B) services, on an as-is basis, in accordance with the terms of the Business Process Outsourcing Agreement.

About the supplier

More from NS&I

All contracts

More won by Atos IT Services UK Limited

All contracts

Recent financial & insurance services contracts

Sector overview