Award

Banking Services

ESSEX COUNTY COUNCIL

This public procurement record has 2 releases in its history.

AwardUpdate

14 Apr 2023 at 08:35

Award Notice
Award

12 Apr 2023 at 14:34

Award Notice
Summary of the contracting process

The Essex County Council has recently awarded a contract for Banking Services under a selective procurement method. The contract involves cash management and payment products and services amounting to £330,000. The contract's start date is December 1, 2023, and it will run until November 30, 2027. The awarded supplier is Lloyds Bank PLC, operating in the large scale category. The contract was published on April 12, 2023, with a tender deadline of March 3, 2023. The procurement was carried out as a call-off from a framework agreement within the banking and investment services category.

This tender for Banking Services with the Essex County Council can present growth opportunities for businesses providing banking and investment services. Businesses in the financial sector, especially those offering cash management and payment products, may find this contract suitable for their expertise. While the Essex County Council serves as the buying organisation, Lloyds Bank PLC emerged as the successful supplier. The contract period spans over four years, offering a stable revenue stream for the chosen supplier. Understanding the key dates and requirements of the tender can help businesses tailor their proposals to meet the council's banking service needs effectively.

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Notice Information

Notice Title

Banking Services

Notice Description

Cash management and payment products and services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-372edc5d-b486-49f6-aa29-adb67408949f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/56ad969a-8e4e-4f1d-9d8d-b268cd9408f1
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
£330,000 £100K-£500K
Lots Value
Not specified
Awards Value
£330,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Apr 20232 years ago
Submission Deadline
3 Mar 2023Expired
Future Notice Date
Not specified
Award Date
17 Mar 20232 years ago
Contract Period
1 Dec 2023 - 30 Nov 2027 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
ESSEX COUNTY 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
CHELMSFORD
Postcode
CM1 1QH
Post Town
Chelmsford
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH3 Essex
Small Region (ITL 3)
TLH36 Heart of Essex
Delivery Location
Not specified
Local Authority
Chelmsford
Electoral Ward
Moulsham and Central
Westminster Constituency
Chelmsford

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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