Tender

Banking Services

LINCOLNSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Tender

28 Jul 2023 at 11:10

Summary of the contracting process

The Lincolnshire County Council is inviting tenders for banking services, including maintaining bank accounts, handling cash and cheques, processing payments, and providing internet banking services. The contract value is £210,000 in GBP. The tender deadline is 28th August 2023, and the contract is expected to run from 1st April 2024 to 31st March 2029. This opportunity is suitable for SMEs and VCSEs, with the procurement method being an open procedure.

This tender by Lincolnshire County Council presents a lucrative opportunity for businesses in the banking and investment services sector to secure a long-term contract. Companies specialising in financial services, payment processing, and internet banking solutions are well-suited to compete. The council's emphasis on supporting SMEs and VCSEs makes it an attractive prospect for smaller enterprises looking to expand their presence in the public sector procurement market.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Banking Services

Notice Description

This Invitation to Tender relates to the Council's contract for banking services. The banking services required include the maintenance of bank accounts, cash and cheque handling, BACS, CHAPS, Faster Payments processing and other money transmission services associated with local authority banking arrangements. The Council will also require an internet banking service for balance/transaction reporting and payment initiation. Facilities to enable the Council to manage third party bank accounts on behalf of social care customers will also be required.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-033d33e6-01f2-487e-9231-bc9a0d8c7017
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a52642be-ab35-4e85-a3e1-e481d1bd4a2a
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
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66100000 - Banking and investment services

66110000 - Banking services

Notice Value(s)

Tender Value
£210,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
28 Jul 20232 years ago
Submission Deadline
28 Aug 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2024 - 31 Mar 2029 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
LINCOLNSHIRE COUNTY COUNCIL
Contact Name
Matt Moore
Contact Email
procurement.lincolnshire@lincolnshire.gov.uk
Contact Phone
+44 1522

Buyer Location

Locality
LINCOLN
Postcode
LN1 1YL
Post Town
Lincoln
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF3 Lincolnshire
Small Region (ITL 3)
TLF30 Lincolnshire CC
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
Lincoln
Electoral Ward
Carholme
Westminster Constituency
Lincoln

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-033d33e6-01f2-487e-9231-bc9a0d8c7017-2023-07-28T12:10:01+01:00",
    "date": "2023-07-28T12:10:01+01:00",
    "ocid": "ocds-b5fd17-033d33e6-01f2-487e-9231-bc9a0d8c7017",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "LINCOLN001-DN681669-74523481",
        "title": "Banking Services",
        "description": "This Invitation to Tender relates to the Council's contract for banking services. The banking services required include the maintenance of bank accounts, cash and cheque handling, BACS, CHAPS, Faster Payments processing and other money transmission services associated with local authority banking arrangements. The Council will also require an internet banking service for balance/transaction reporting and payment initiation. Facilities to enable the Council to manage third party bank accounts on behalf of social care customers will also be required.",
        "datePublished": "2023-07-28T12:10:01+01:00",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66100000",
            "description": "Banking and investment services"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "66110000",
                "description": "Banking services"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 210000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2023-08-28T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2024-04-01T00:00:00+01:00",
            "endDate": "2029-03-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": true
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/a52642be-ab35-4e85-a3e1-e481d1bd4a2a",
                "datePublished": "2023-07-28T12:10:01+01:00",
                "format": "text/html",
                "language": "en"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-CFS-51197",
            "name": "Lincolnshire County Council",
            "identifier": {
                "legalName": "Lincolnshire County Council"
            },
            "address": {
                "streetAddress": "County Offices, Newland",
                "locality": "Lincoln",
                "postalCode": "LN1 1YL",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Matt Moore",
                "email": "procurement.lincolnshire@lincolnshire.gov.uk",
                "telephone": "+44 1522"
            },
            "details": {
                "url": "https://www.lincolnshire.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-51197",
        "name": "Lincolnshire County Council"
    }
}