Award

Banking Services - AWARD

NORFOLK COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

25 Nov 2024 at 13:24

Award Notice
Summary of the contracting process

Norfolk County Council has awarded a contract for banking services, encompassing Breckland, Broadland, North Norfolk, and South Norfolk District Councils, as well as several borough councils and subsidiaries. The tender, classified under CPV code 66110000, involves an open procurement procedure with an initial contract term of 5 years, starting from 11 November 2025, with potential extensions up to 9 years. The contract will cater to multiple regions including the United Kingdom, Channel Islands, Isle of Man, British Overseas Territories, Europe, and the rest of the world. Key deadlines include an award date of 12 November 2024 and an end date for the tender period on 30 September 2024.

This tender creates significant growth opportunities for businesses offering comprehensive banking services. Given the broad scope and extended duration of the contract, established banking institutions with robust service portfolios and regional capabilities would be well-suited to compete. Enterprises capable of providing tailored financial solutions to multiple councils and their subsidiaries can leverage this opportunity to expand their market presence and long-term client base.

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Notice Information

Notice Title

Banking Services - AWARD

Notice Description

Norfolk County Council on its own behalf and on behalf of Breckland, Broadland, North Norfolk and South Norfolk District Councils, Great Yarmouth, King's Lynn & West Norfolk Borough Councils and Norwich City Council and subsidiaries of the aforementioned authorities (together knowns as the Contracting Authorities) wishes to purchase banking services for themselves and with the other authorities listed, including their subsidiaries. While a single provider will be chosen for the provision of banking services, individual contracts will be required for each Contracting Authority participating. We are looking for an initial contract term of 5 years plus two extensions of 2 years up to a total term of 9 years. Full details of the requirement can be found in the Service Specification, which forms a Schedule to the Terms and Conditions.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0455e72b-b5ed-4ef8-a449-ec9376f5f79a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/59e12020-2f80-4a9a-980c-e952f9bceb76
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award 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

66110000 - Banking services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£1,818,069 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
25 Nov 20241 years ago
Submission Deadline
30 Sep 2024Expired
Future Notice Date
Not specified
Award Date
12 Nov 20241 years ago
Contract Period
11 Nov 2025 - 10 Nov 2030 Over 5 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
NORFOLK COUNTY COUNCIL
Contact Name
Claudia Green
Contact Email
claudia.green3@norfolk.gov.uk
Contact Phone
01603303317

Buyer Location

Locality
NORFOLK
Postcode
NR1 2DH
Post Town
Norwich
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH5 Norfolk
Small Region (ITL 3)
TLH51 Norwich and East Norfolk
Delivery Location
Not specified
Local Authority
Norwich
Electoral Ward
Lakenham
Westminster Constituency
Norwich South

Supplier Information

Number of Suppliers
1
Supplier Name

BARCLAYS BANK

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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