Award

Banking Services and Merchant Acquiring Services (re-issued)

SEFTON COUNCIL

This public procurement record has 2 releases in its history.

Award

24 Mar 2021 at 15:53

Tender

19 Oct 2020 at 16:32

Summary of the contracting process

Sefton Council is conducting a publicly tendered procurement process to renew its contract for Banking Services and Merchant Acquiring Services, with a total contract value of £750,000. The contract period is set to commence on 1st April 2021 and will extend until 31st March 2024, with the option for two additional one-year periods. The tender encompasses two lots; Lot 1 is for Banking Services and Lot 2 for Merchant Acquiring Services. The tender period concluded on 20th November 2020, falling under the category of "Banking services" within the services industry, located in the North West region of the United Kingdom. The procurement method employed was an open procedure.

This tender presents significant growth opportunities, particularly for financial service providers specialising in banking solutions and payment processing technologies. Businesses that can offer comprehensive banking services or superior merchant acquiring solutions, whether independently for one lot or combined for both, would be well-positioned to compete. Given the public sector's adherence to statutory requirements, companies must ensure compliance with relevant local government regulations to effectively participate in this competitive procurement process.

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Notice Title

Banking Services and Merchant Acquiring Services (re-issued)

Notice Description

Sefton Council is seeking to renew its contract for the provision of Banking Services and Merchant Acquiring Services. The period of contract will be 1st April 2021 to 31st March 2024 plus 2 one year optional periods. The Council's banking arrangements and merchant services with the successful contractor or contractors will be conducted in accordance with all relevant statutory requirements including in particular the Local Government Finance Acts 1988 and 1992 and the Education Reform Act 1988, and all Regulations made under these Acts. The contract has been placed into two Lots. Lot 1 for Banking Services, and Lot 2 for Merchant Acquiring Services. Tenders can be for: *Either of lots 1 and 2 *lots 1 and 2 together.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2639068a-0f5e-43db-8016-77e28b30ae65
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/63a041e4-2ec5-4521-9f8f-b8e4ad96dedb
Current Stage
Award
All Stages
Tender, 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, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£750,000 £500K-£1M
Lots Value
Not specified
Awards Value
£750,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
24 Mar 20214 years ago
Submission Deadline
20 Nov 2020Expired
Future Notice Date
Not specified
Award Date
2 Mar 20214 years ago
Contract Period
31 Mar 2021 - 31 Mar 2024 3-4 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
SEFTON 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
BOOTLE
Postcode
L20 3NJ
Post Town
Liverpool
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD73 Sefton
Delivery Location
TLD North West (England)

Local Authority
Sefton
Electoral Ward
Derby
Westminster Constituency
Bootle

Supplier Information

Number of Suppliers
2
Supplier Names

LLOYDS BANKING GROUP

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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