Tender

Banking Services

DERBY CITY COUNCIL

This public procurement record has 1 release in its history.

Tender

26 Sep 2019 at 17:14

Tender Notice
Summary of the contracting process

The Derby City Council is inviting tenders for Banking Services, with applications due by 10:00 on 25 October 2019. This opportunity falls under the Banking services category and is located in the East Midlands, United Kingdom. The procurement process is currently at the 'Tender' stage, with the deadline for submission set for 14:00 on the same day. The anticipated contract period begins on 1 January 2020, lasting three years with a possible extension of up to two additional years. The estimated annual spend is £112,000, with a total contract value of £560,000.

This tender presents a significant opportunity for businesses specialising in banking services, particularly those offering solutions for multiple bank accounts and associated services for local authorities. Companies that fit well into this category may include traditional banks, financial service providers, and fintech firms. Given the open procurement method, this is an excellent chance for suitably qualified suppliers to strengthen their foothold in public sector contracting, especially given the potential for contract extension based on performance.

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Notice Information

Notice Title

Banking Services

Notice Description

The requirement is for banking services (not including merchant acquiring or bill payment services) to provide multiple bank accounts for incoming and outgoing payments including BACS, direct debits and standing orders and other ancillary banking services relevant to a local authority and ALMOs. Please note, suppliers wishing to express interest and obtain the documentation, must do so by 10:00 on 25/10/2019. It is recommended that you express interest and obtain the documentation well before this time to allow sufficient time to prepare and submit a comprehensive response. The deadline for returns is 14:00 on 25/10/2019. Please visit the Council's e-tendering system https://www.eastmidstenders.org where you can express interest and obtain the documents (search for TD1399). Please note we will only accept expressions of interest through the e-tendering system. Additional information: Estimated annual average spend is PS112,000 and the contract is for three to five years The initial contract period is three years; the contract is estimated to commence 01/01/2020 and expire 31/12/2022 There will be an option to extend the contract for up to two years in annual increments, subject to satisfactory performance and business needs. The maximum contract period is five years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-47f4dc2f-0a93-4f84-ab91-1c1dcf043383
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/84e4969b-ba82-4161-a9d8-2f594b0bf502
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£560,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
26 Sep 20196 years ago
Submission Deadline
25 Oct 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Jan 2020 - 31 Dec 2022 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DERBY CITY 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
DERBY
Postcode
DE1 2FS
Post Town
Derby
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF11 Derby
Delivery Location
TLF East Midlands (England)
Local Authority
Derby
Electoral Ward
Darley
Westminster Constituency
Derby South

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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