Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Corporate Banking

Ipswich Borough Council

This public procurement record has 1 release in its history.

Award

03 Jul 2026 at 13:17

Award Notice
Summary of the contracting process

This public procurement process, initiated by Ipswich Borough Council, revolves around the provision of "Corporate Banking" services within the East of England. The procurement falls under the industry category of banking services with a CPV code of 66110000. It follows a selective procurement method characterised by a call-off from a framework agreement. The tendering stage has been completed, and the award has been made to Lloyds Bank PLC with a contract value of £162,000. The contract period is scheduled from 1st April 2026 to 31st March 2029. This process was concluded with an award notice published on 3rd July 2026.

This tender provides an opportunity for growth, especially for businesses within the services sector capable of fulfilling corporate banking needs. While the contract is positioned towards enterprises on a larger scale, small and medium-sized enterprises (SMEs) were also considered suitable, signalling possible future opportunities. The strategic location within the East of England and the specific nature of banking services imply strong prospects for entities with a robust background in financial services. Such tenders not only enhance business portfolios but also facilitate stronger ties with local governing bodies like Ipswich Borough Council, potentially leading to further collaborative opportunities.

How relevant is this notice?

Notice Information

Notice Title

Corporate Banking

Notice Description

Corporate Banking

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-030f4761-338c-4699-8efa-59e14ec0ee1f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/cf29a898-c3d0-482c-a106-322217da4314
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
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
£162,000 £100K-£500K
Lots Value
Not specified
Awards Value
£162,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Jul 20262 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
1 Jan 20268 months ago
Contract Period
1 Apr 2026 - 31 Mar 2029 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Ipswich 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
IPSWICH
Postcode
IP1 2DE
Postcode Area
Ipswich
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH6 Suffolk
Small Region (ITL 3)
TLH62 Ipswich
Delivery Location
Not specified
Local Authority
Ipswich
Electoral Ward
Gipping
Westminster Constituency
Ipswich

Supplier Information

Number of Suppliers
1
Supplier Name

Lloyds Bank PLC

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...