Award

Procurement of Banking Services - AWARD

MILTON KEYNES COUNCIL

This public procurement record has 1 release in its history.

Award

12 Apr 2023 at 10:51

Summary of the contracting process

The Milton Keynes City Council has awarded a contract for Banking Services to National Westminster Bank. The procurement process was initiated as a tender for the delivery of day-to-day banking services and transactional facilities to various entities within Milton Keynes. The deadline for tender submissions was 6th February 2023, and the contract period is set to run from 1st April 2023 to 31st March 2028. The procurement method used was an open procedure under the services category.

This contract offers opportunities for banking service providers to engage with the local government and educational institutions in Milton Keynes. Businesses in the banking and investment services sector would be well-suited to compete for this tender. The procurement process was conducted by the Milton Keynes Council, and the award signifies a valuable partnership for the selected supplier, enhancing their business growth prospects within the region.

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Notice Title

Procurement of Banking Services - AWARD

Notice Description

Milton Keynes City Council (The Council) is seeking to appoint a banking service provider to deliver day-to-day banking services and transactional facilities. This contract will also extend to Local Education Authority (LEA) maintained schools within Milton Keynes, the Council's subsidiary organisation Milton Keynes Development Partnership LLP, and any other subsidiaries that may be later established. Suppliers that would like to take part in this tender process are invited to 'Express Interest' upon which the will be given access to the full tender documentation delivery through this e-tendering system. When the tender documents have been made available involved suppliers will receive notification via email and the tender documents can be accessed from the 'My Tenders' area of this website and selecting the 'View Details' button of this project. Expressions of interest will only be accepted until 05 February 2023 and the deadline for submissions of the tender will be 12 noon; 06 February 2023. Please allow sufficient time to make your return as late returns will not be permitted. Any questions relating to this tender should be made via correspondence on the website.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1e91aa7f-6f64-493b-9260-9262b36da8a6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/79e866d3-7732-4e04-8475-bb9dda9d9d50
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

66100000 - Banking and investment services

66110000 - Banking services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£252,641 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Apr 20232 years ago
Submission Deadline
6 Feb 2023Expired
Future Notice Date
Not specified
Award Date
6 Feb 20233 years ago
Contract Period
31 Mar 2023 - 31 Mar 2028 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
MILTON KEYNES 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
MILTON KEYNES
Postcode
MK9 3EJ
Post Town
Milton Keynes
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ12 Milton Keynes
Delivery Location
TLJ South East (England)

Local Authority
Milton Keynes
Electoral Ward
Central Milton Keynes
Westminster Constituency
Milton Keynes Central

Supplier Information

Number of Suppliers
1
Supplier Name

NATIONAL WESTMINSTER 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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