Award

Contract for General Banking Services

HEREFORDSHIRE COUNCIL

This public procurement record has 1 release in its history.

Award

01 Aug 2025 at 13:19

Summary of the contracting process

The procurement process initiated by Herefordshire Council, located in Hereford, England, has successfully completed with the awarding of the "Contract for General Banking Services" to National Westminster Bank. This procurement falls under the services category within the banking industry (CPV code 66110000) and is designated for the West Midlands region in the United Kingdom. This contract was awarded as part of the NEPO531 Framework Agreement. The award stage concluded on 29 July 2025, and the contract period will begin on 30 July 2025, lasting until 26 July 2029. The procurement method was specified as "Other," with the contract valued at £120,393 GBP.

This tender represents a significant opportunity for businesses specialising in financial and banking services to establish or expand their partnerships within the public sector. Small and medium-sized enterprises (SMEs) are particularly well-suited to compete in this area due to the suitability criteria set by the contracting authority. The awarded contract offers a stable, long-term engagement that can bolster a company's portfolio and provide sustained revenue over the four-year contract period. Companies with robust capabilities in processing a range of banking transactions, such as CHAPS, BACS, and other public sector-oriented banking services, would find this opportunity particularly advantageous for growth and client expansion.

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Notice Title

Contract for General Banking Services

Notice Description

Contract for general banking services awarded under the NEPO531 Framework Agreement, including services such as: CHAPS, BACS, Direct Debits, Faster Payments, Standing Order payments, balance requests, commission charges and other activities associated with public sector organisations.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-024ce753-c27f-4789-b38f-079c314a07fa
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ddf36733-858d-450c-9728-22b9bc916c18
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£120,393 £100K-£500K
Lots Value
Not specified
Awards Value
£120,393 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Aug 20256 months ago
Submission Deadline
26 Jul 2025Expired
Future Notice Date
Not specified
Award Date
28 Jul 20256 months ago
Contract Period
29 Jul 2025 - 26 Jul 2029 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
HEREFORDSHIRE COUNCIL
Contact Name
Cosmo Hiron
Contact Email
cosmo.hiron@herefordshire.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
HEREFORD
Postcode
HR4 0LE
Post Town
Hereford
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG1 Herefordshire, Worcestershire and Warwickshire
Small Region (ITL 3)
TLG11 Herefordshire, County of
Delivery Location
TLG West Midlands (England)

Local Authority
Herefordshire, County of
Electoral Ward
Widemarsh
Westminster Constituency
Hereford and South Herefordshire

Supplier Information

Number of Suppliers
1
Supplier Name

NATIONAL WESTMINSTER BANK

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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