Award

Provision of Banking Services

CAPITALESOURCING

This public procurement record has 1 release in its history.

Award

03 Jan 2023 at 10:39

Summary of the contracting process

The buying organisation, capitalEsourcing, has awarded a contract for the Provision of Banking Services. The procurement falls under the industry category of Banking and investment services and is located in London, United Kingdom (postal code SW1E 6PQ). The procurement method used was selective, with the contract period starting on November 1, 2021, and ending on October 31, 2027. The tender period ended on August 5, 2021, with the contract valued at 400,000 GBP.

This tender for Banking Services presents opportunities for businesses in the financial sector to provide banking services to the awarding authority, capitalEsourcing. Companies well-suited to compete are those with expertise in banking and finance services, especially those capable of meeting the requirements outlined in the contract. This long-term contract, with the possibility of extension, provides a stable revenue stream for successful bidders over the 10-year contract period.

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Notice Title

Provision of Banking Services

Notice Description

Contract for the provision of banking services. Additional information: This contract is awarded as a call-off from the CPRAS Banking and Finance Framework Lot 1 Banking Services. The contract is awarded for 6 years with option to extend up to 4 years for total contract period of 10 years.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-35980123-7ccb-4428-b642-39709256144d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f79497ee-9c78-4bb4-93d5-3691154454aa
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
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
£400,000 £100K-£500K
Lots Value
Not specified
Awards Value
£400,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Jan 20233 years ago
Submission Deadline
5 Aug 2021Expired
Future Notice Date
Not specified
Award Date
4 Aug 20214 years ago
Contract Period
1 Nov 2021 - 31 Oct 2027 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
CAPITALESOURCING
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1E 6PQ
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

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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