Tender

Provision of Banking Services and Credit Card Facilities

SOUTHEND-ON-SEA BOROUGH COUNCIL

This public procurement record has 2 releases in its history.

TenderAmendment

20 Aug 2018 at 08:57

Tender Notice
Tender

20 Aug 2018 at 08:32

Tender Notice
Summary of the contracting process

Southend-on-Sea Borough Council is seeking tenders for the "Provision of Banking Services and Credit Card Facilities". This procurement falls under the financial and insurance services category and is located in the East of England. The process is currently in the tender stage, with responses required by 12 noon on 21st September 2018. The contract, valued at £900,000, is set to operate for five years starting from 1st April 2019, with a possible two-year extension based on performance. The procurement method is open, inviting participation from all eligible suppliers.

This tender presents a significant opportunity for banks and financial service providers, particularly those equipped to meet the stringent requirements outlined by the Council, including passing the Bank of England stress tests or equivalent. Companies that specialise in banking solutions, credit card processing, and associated technological services would be well-positioned to compete for this contract, which aims to enhance the efficiency and effectiveness of the Council's financial operations while ensuring value for money.

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Notice Information

Notice Title

Provision of Banking Services and Credit Card Facilities

Notice Description

Tender opportunity for Provision of Banking Services and Credit Card Facilities Introduction Southend-on-Sea Borough Council ("the Council") is inviting tenders from members of 'The Cheque and Credit Clearing Company', or equivalent, known as clearing banks for the provision of Banking Services and Credit Card Facilities to the Council. Background The Council has responsibility for providing all Council services across the borough, including banking services in order to transact its strategic and operational business. Annual gross revenue expenditure reported in our audited 2017/2018 Statement of Accounts was PS416 million. The Council has a Housing Revenue Account and has transferred responsibility for the management of its 6,000 housing stock to an Arms-Length Management Organisation. Also the council has a capital programme for 2017/2018 of PS78 million. Future planned expenditure on the capital programme is PS137 million. Objectives Southend-on-Sea Borough Council (SBC) would like to appoint a suitable Provider for the delivery of comprehensive banking services and credit card facilities and using this opportunity to assess the continual advances in technology and banking processes, whilst ensuring value for money. Project Scope The services shall include, but not be limited to, the following four elements, which are to be provided by the same bank on the basis of the most economically advantageous tender: Main Banking Services, Merchant Credit Card Facilities, Government Procurement/Corporate/Commercial Credit/Payment/Purchase Card Facilities and Court of Protection/Corporate Appointee client money service. Contract Period The contract shall operate for a period of five years with a commencement date on 1st April 2019, and potential option to extend for further two years, subject to agreement and satisfactory performance. Process Interested suppliers should note that this tender is being run electronically through the Council's eTendering system - ProContract. Respondents to this advert who are interested in applying are required to register on Procontract etendering system and complete the Selection Questionnaire and supporting Tender Documentation as instructed in the accompanying Guidance notes. Tenderer should have been judged as having passed the Bank of England stress test on UK banks or equivalent EU Bank test in the latest available records. To access and register your company on ProContract, click on the following link: https://procurement.southend.gov.uk/southend/portal.nsf/index.htm The deadline for submitting your responses to the Selection Questionnaire and Tender Documentation is 12 noon on Friday 21st September 201

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-010b4ba7-5d4b-46ab-be93-0cbfa5f0a479
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bee6347a-88c3-4d03-9775-21ea957851c1
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£900,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
20 Aug 20187 years ago
Submission Deadline
21 Sep 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2019 - 31 Mar 2024 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
SOUTHEND-ON-SEA BOROUGH COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SOUTHEND ON SEA
Postcode
SS2 6LR
Post Town
Southend-on-Sea
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH3 Essex
Small Region (ITL 3)
TLH31 Southend-on-Sea
Delivery Location
Not specified
Local Authority
Southend-on-Sea
Electoral Ward
Victoria
Westminster Constituency
Southend East and Rochford

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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