Tender

LJMU 2414 Agreement for Banking Services

LIVERPOOL JOHN MOORES UNIVERSITY

This public procurement record has 2 releases in its history.

TenderAmendment

28 Oct 2024 at 11:30

Tender Notice
Tender

28 Oct 2024 at 11:30

Tender Notice
Summary of the contracting process

Liverpool John Moores University (LJMU) is seeking tenders for its "LJMU 2414 Agreement for Banking Services," classified under CPV code 66110000 for banking services. The procurement is handled through an open procedure above the threshold. The services need to encompass a broad range of day-to-day banking needs, including UK and foreign currency accounts, online banking, deposit and borrowing solutions, and compatibility with third-party software such as Oracle and Unit 4 Business World. The contract is set to begin on 1st February 2025 and will run until 31st January 2029. The tender submission deadline is 27th November 2024, 12:00 PM, and interested parties must access documents via In-tend. The procurement is not recurrent.

This tender represents a substantial opportunity for banking service providers looking to expand their business into the educational sector, with a contract value of £9,000,000. Businesses equipped with robust technological solutions for banking services and capabilities to offer cost-effective and efficient banking arrangements will be well-suited for this opportunity. However, it is noted that this procurement is not tailored for SMEs or VCSEs. Providers who specialise in integrating banking systems with third-party solutions and are adept in handling various currency accounts and online facilities have the potential to thrive through this tender process.

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Notice Information

Notice Title

LJMU 2414 Agreement for Banking Services

Notice Description

Tenderers for banking services need to be able to offer a diverse range of day-to-day banking services. This includes (but is not limited to) the provision of UK domiciled currency accounts, the provision of foreign currency accounts as required, exchange of small value foreign currencies and on-line banking facilities, deposit and borrowing solutions. In respect of deposits this should include a range of rates and options such as overnight deposit accounts and fixed term deposit rates. The banking system provided by the tenderer may need to be able to import or extract information and interface with third party solutions and providers such as Oracle, WPM, Unit 4 Business World and Flywire The University wants to ensure that its banking arrangements are both efficient and cost-effective and are capable of meeting future changes in the marketplace and technological advances. It is looking for relationships with an organisation in which it can be confident, and which will meet and often exceed user expectations. In line with this we require the ability to utilise self-service wherever possible and to be able to access reports and KPI information Additional information: Tenderers must access the documents via In-tend and not make direct contact with the buyer via email or tel. We will not respond to any queries sent direct to the Buyer Is a Recurrent Procurement Type? : No

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1cbe19f8-8ef8-46d0-b289-a6967cec6a60
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/89d40b5f-ab27-46ed-8dac-14c8cf93ac4d
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
£9,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
28 Oct 20241 years ago
Submission Deadline
27 Nov 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Feb 2025 - 31 Jan 2029 4-5 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
LIVERPOOL JOHN MOORES UNIVERSITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MERSEYSIDE
Postcode
L3 2AJ
Post Town
Liverpool
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
TLD North West (England)
Local Authority
Liverpool
Electoral Ward
City Centre North
Westminster Constituency
Liverpool Riverside

Further Information

Notice Documents

Notice URLs

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. 

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