Tender

Banking Services

NORFOLK COUNTY COUNCIL

This public procurement record has 2 releases in its history.

TenderAmendment

18 Sep 2024 at 09:32

Tender Notice
Tender

05 Aug 2024 at 09:41

Tender Notice
Summary of the contracting process

Norfolk County Council, acting on behalf of various district councils and their subsidiaries, is seeking a single provider to supply comprehensive banking services. This procurement, classified under CPV code 66110000 (Banking services), covers multiple locations including the UK, British Overseas Territories, Channel Islands, Europe, and more. The tender process follows an open procedure, with submissions due by 30th September 2024 at 14:00 BST. The contract is set to commence on 11th November 2025, lasting for an initial term of five years with options for two extensions of two years each, possibly extending the total term to nine years.

This tender offers significant opportunities for banking institutions to secure a long-term contract with multiple public authorities, leading to substantial business growth. Particularly, larger financial institutions capable of handling complex and comprehensive service requirements across different regions will find this opportunity well-suited to their strengths. The extensive scope and collaborative nature of this project provide a platform for establishing a robust public sector partnership that may extend beyond the initial contract period.

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Notice Information

Notice Title

Banking Services

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. Additional information: Is a Recurrent Procurement Type? : No

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0ffdea6d-688d-44cc-bde7-997957c8c3aa
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e90fd0d2-04eb-4841-a7ea-ebd97dd2c37d
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 (above threshold)
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
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Sep 20241 years ago
Submission Deadline
30 Sep 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
11 Nov 2025 - 10 Nov 2030 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
NORFOLK COUNTY 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
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

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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