Tender

INVITATION TO TENDER FOR BANKING SERVICES

GLOUCESTERSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Tender

25 Sep 2020 at 11:40

Summary of the contracting process

Gloucestershire County Council (GCC) is inviting tenders for transactional banking services, which are essential for managing their four main bank accounts and additional accounts such as a Head Office Collection Account for school and library payments. This tender is categorised under banking services (CPV 66110000) and is currently in the active phase of the open procurement process. The deadline for submission of tenders is set for 6th November 2020, with the contract expected to commence on 16th January 2021 and lasting until 25th September 2025. The services will be provided to the South West region of England, with a total contract value of £265,000.

This procurement is a significant opportunity for financial institutions and service providers specialising in banking solutions. Businesses that excel in transactional banking, internet banking administration, and can offer innovative payment systems would be particularly well-suited to compete. Firms aiming to expand their service offerings or establish new contracts within the public sector can benefit from this engagement with GCC, enhancing their visibility and portfolio in the competitive market of public service financial management.

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Notice Title

INVITATION TO TENDER FOR BANKING SERVICES

Notice Description

Gloucestershire County Council (GCC) intends to procure a transactional banking provider for general banking services. The banking service requirements of GCC are below. Four (4) main bank accounts, with the ability to be administered through internet banking, which can handle common forms of banking transaction, including foreign generated transactions. The ability to pool these main accounts, with the contractual right to offset for both balances and interest calculation A further account which is to be segregated from the main accounts, but administered through the same internet banking portal as the main accounts. A Head Office Collection Account (HOCA) for the receipt of school and library payments, (or any legitimate, cost effective replacement system). Documents available via Pro Contract - https://proconreact.due-north.com

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-16631d49-e928-49cd-aed6-9d54993a6fd1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4b3afe61-cf86-45cb-b7ee-6ee42f350834
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
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
£265,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
25 Sep 20205 years ago
Submission Deadline
6 Nov 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
16 Jan 2021 - 25 Sep 2025 4-5 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
GLOUCESTERSHIRE COUNTY COUNCIL
Contact Name
Shak Miah
Contact Email
shak.miah@gloucestershire.gov.uk
Contact Phone
+44 1452324331

Buyer Location

Locality
GLOUCESTER
Postcode
GL1 2TG
Post Town
Gloucester
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK73 Gloucestershire CC
Delivery Location
TLK South West (England)

Local Authority
Gloucester
Electoral Ward
Westgate
Westminster Constituency
Gloucester

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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