Award

Banking & Credit Card Services

BASILDON BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

18 Oct 2018 at 11:15

Summary of the contracting process

Basildon Borough Council is conducting a procurement process for Banking & Credit Card Services under an open tender procedure. The contract, valued at £700,000, includes three lots: Banking Services, Merchant Acquiring Services, and Payment Services Provider. The tender period concluded on 19 February 2018, and the contract is set to commence on 22 October 2018, extending until 1 October 2025. The services will be delivered in the East of England, United Kingdom, and this initiative is part of the council's effort to review its banking and merchant acquiring arrangements.

This tender presents significant opportunities for businesses, particularly those in the financial services sector, including banks, payment processors, and related service providers. Companies capable of offering innovative banking solutions or robust payment processing services will find this contract appealing. As the contract spans several years, successful bidders may secure a stable client relationship, enabling growth and long-term planning within the ever-evolving financial landscape.

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Notice Title

Banking & Credit Card Services

Notice Description

Basildon Borough Council is undertaking a review of its current banking and merchant acquiring arrangements and through this Invitation to Tender (ITT) is inviting potential service providers to tender for new contracts. The tender is offered in 3 Lots: oBanking Services oMerchant Acquiring Services oPayment Services Provider NB: Tenderers are invited to bid for any number of these lots

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-21bf557c-fda7-413f-ba8a-e81f8952403f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f605b769-e1cb-41bb-a27c-4a34c07debab
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£700,000 £500K-£1M
Lots Value
Not specified
Awards Value
£700,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
18 Oct 20187 years ago
Submission Deadline
19 Feb 2018Expired
Future Notice Date
Not specified
Award Date
30 Sep 20187 years ago
Contract Period
21 Oct 2018 - 1 Oct 2025 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
BASILDON BOROUGH COUNCIL
Contact Name
Not specified
Contact Email
karen.perry@basildon.gov.uk
Contact Phone
+441268206702

Buyer Location

Locality
ESSEX
Postcode
SS14 1DL
Post Town
Southend-on-Sea
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH3 Essex
Small Region (ITL 3)
TLH37 Essex Thames Gateway
Delivery Location
Not specified

Local Authority
Basildon
Electoral Ward
St Martin's
Westminster Constituency
Basildon and Billericay

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS BANK

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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