Award

Banking Services

NEWARK & SHERWOOD DISTRICT COUNCIL

This public procurement record has 1 release in its history.

Award

25 Nov 2016 at 11:10

Summary of the contracting process

The Newark & Sherwood District Council recently completed a procurement process for "Banking Services" under ESPO Framework 384 Lot 1. The contract, valued at £69,510, was awarded to Lloyds Bank Plc, following a successful tender. The procurement process was categorised under services in the banking industry, with the contract period set to commence on 3rd April 2017 and conclude on 2nd April 2021. The tender period concluded on 30th September 2016, marking the end of submissions.

This procurement presents a significant opportunity for businesses specialising in banking services, especially those capable of providing comprehensive financial solutions. Given the scale of the contract, larger firms, particularly established banking institutions, are well-suited to compete in similar future tenders. Companies that can demonstrate a strong track record in service delivery and compliance with local government requirements may find this procurement process especially advantageous for expanding their business activities in the public sector.

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Notice Title

Banking Services

Notice Description

The provision of General Banking Services under ESPO Framework 384 Lot 1.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2bbd3334-f466-40de-91b2-5283add52a28
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f3383b9b-56dc-4ce6-885a-1a9e9777325c
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
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
£69,510 Under £100K
Lots Value
Not specified
Awards Value
£69,510 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Nov 20169 years ago
Submission Deadline
30 Sep 2016Expired
Future Notice Date
Not specified
Award Date
23 Nov 20169 years ago
Contract Period
2 Apr 2017 - 2 Apr 2021 4-5 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
NEWARK & SHERWOOD DISTRICT 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
NEWARK
Postcode
NG23 5QX
Post Town
Nottingham
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF15 North Nottinghamshire
Delivery Location
Not specified

Local Authority
Newark and Sherwood
Electoral Ward
Trent
Westminster Constituency
Newark

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS 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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