Award

Banking Services

NORTH KESTEVEN DISTRICT COUNCIL

This public procurement record has 2 releases in its history.

AwardUpdate

16 Jul 2018 at 10:37

Tender

12 Dec 2017 at 11:39

Summary of the contracting process

The North Kesteven District Council is currently engaged in a procurement process for Banking Services, intended to support its daily banking needs through electronic and face-to-face transactions. This tender is classified under the services category with a value of £120,000. The procurement took place via an open procedure and had a tender period that ended on 19th January 2018, while the contract is set to commence on 1st April 2018 and run until 31st March 2024. The council is located in Sleaford, East Midlands, UK.

This tender presents a significant opportunity for small and medium-sized enterprises (SMEs) to engage with a public sector contract that could enhance their service offerings and visibility. Companies specialising in banking solutions or financial services, particularly those that can provide versatile banking options, would find this opportunity fitting. With the contract currently awarded to National Westminster Bank PLC, competitors in the market should assess their service capabilities and consider strategic collaborative approaches to strengthen their bids in future tenders.

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Notice Title

Banking Services

Notice Description

The Council requires the provision of day to day banking facilities to deal with its income and expenditure requirements incorporating both electronic and face to face transactions. Additional information: All documentation relating to this tender can be accessed free of charge at https://procontract.due-north.com/opportunities.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-30eabd78-aae9-40cb-a982-1488ed2d1b7a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/93f78eef-70cf-4caf-9bf6-6b6c7165908e
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£120,000 £100K-£500K
Lots Value
Not specified
Awards Value
£188,699 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Jul 20187 years ago
Submission Deadline
19 Jan 2018Expired
Future Notice Date
Not specified
Award Date
23 Feb 20188 years ago
Contract Period
31 Mar 2018 - 31 Mar 2024 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
NORTH KESTEVEN 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
SLEAFORD
Postcode
NG34 7EF
Post Town
Nottingham
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF3 Lincolnshire
Small Region (ITL 3)
TLF30 Lincolnshire CC
Delivery Location
TLF East Midlands (England)

Local Authority
North Kesteven
Electoral Ward
Sleaford Navigation
Westminster Constituency
Sleaford and North Hykeham

Supplier Information

Number of Suppliers
1
Supplier Name

NATIONAL WESTMINSTER BANK

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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