Award

Banking and Finance Framework (BFF)

LONDON BOROUGH OF SUTTON

This public procurement record has 1 release in its history.

Award

28 Feb 2024 at 16:41

Summary of the contracting process

The London Borough of Sutton has awarded a contract for Banking and Finance services under the Banking and Finance Framework (BFF). The contract, valued at £234,000 GBP, was awarded to Lloyds Banking Group. The procurement method used was a direct award, with the tender period ending on May 14, 2023, and the contract period from May 15, 2023, to May 14, 2030. The award was made on May 15, 2023, creating opportunities for business growth in the banking and investment services sector.

This tender provides opportunities for businesses, particularly SMEs, interested in providing banking and finance services to local government authorities in England. The contract has been awarded by the London Borough of Sutton, and businesses well-suited to compete would need to offer expertise in banking and investment services. Key details include the contract value of £234,000 GBP, the direct award procurement method, and the contract period spanning from 2023 to 2030.

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Notice Title

Banking and Finance Framework (BFF)

Notice Description

Banking and Finance services for London Borough of Sutton and The Royal Borough of Kingston upon Thames via direct award from CPRAS framework (https://www.cpras.co.uk/)

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2fabab92-b2ef-4d4a-b9e9-a40986ac2d36
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6380f7d3-8e15-4f6a-8260-6dec269c7f3a
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£234,000 £100K-£500K
Lots Value
Not specified
Awards Value
£234,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
28 Feb 20241 years ago
Submission Deadline
14 May 2023Expired
Future Notice Date
Not specified
Award Date
14 May 20232 years ago
Contract Period
17 May 2023 - 14 May 2030 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
LONDON BOROUGH OF SUTTON
Contact Name
Commercial & Procurement
Contact Email
commercial.procurement@sutton.gov.uk
Contact Phone
+44 2087705000

Buyer Location

Locality
SUTTON
Postcode
SM1 1EA
Post Town
Sutton
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI63 Merton, Kingston upon Thames and Sutton
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
Sutton
Electoral Ward
Sutton Central
Westminster Constituency
Sutton and Cheam

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS BANKING GROUP

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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