Award

Banking Services

CAPITALESOURCING

This public procurement record has 1 release in its history.

Award

18 Jun 2020 at 12:12

Award Notice
Summary of the contracting process

The procurement process, initiated by capitalEsourcing, involves the provision of Banking Services through a direct procurement method via a single tender action. The contract, valued at £90,000, is classified under the CPV code 66110000 for banking services. The tender period ended on 1st April 2020, with the contract set to commence on the same date and expiring on 31st March 2021. The buyer is located at Westminster City Hall, 64 Victoria Street, London, SW1E 6QP, United Kingdom.

This tender presents significant opportunities for businesses in the banking sector, particularly for organisations capable of delivering comprehensive banking services. Given that the contract was awarded to Lloyds Bank PLC, businesses that possess strong financial services capabilities and experience with public sector contracts will find themselves well-positioned to compete for similar opportunities in the future. The one-year contract duration allows room for potential extensions or future related contracts, making it a valuable opportunity for growth within this field.

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Notice Information

Notice Title

Banking Services

Notice Description

The provision of Banking Services. One year contract.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4a4373db-2c6c-4633-90ee-f1455771911f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/43560a5d-7393-47c2-aa95-da45f7731ae3
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£90,000 Under £100K
Lots Value
Not specified
Awards Value
£90,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Jun 20205 years ago
Submission Deadline
1 Apr 2020Expired
Future Notice Date
Not specified
Award Date
31 Mar 20205 years ago
Contract Period
31 Mar 2020 - 31 Mar 2021 6-12 months
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
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 6QP
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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