Award

734-20 Banking Services

EAST RIDING OF YORKSHIRE COUNCIL

This public procurement record has 1 release in its history.

Award

30 Mar 2020 at 10:33

Summary of the contracting process

The procurement process involves the East Riding of Yorkshire Council, which has issued a tender titled "734-20 Banking Services" in the banking services sector. This procurement, classified under the CPV code 66110000, is at the award stage, having been completed with an active contract. The tender was initially open until 7th January 2020, and the awarded contract has a total value of £655,000, with a contract period running from 1st June 2020 to 31st May 2027. Services will be delivered in the Yorkshire and the Humber region of the United Kingdom.

This tender presents significant growth opportunities for large financial institutions capable of providing comprehensive banking services to local authorities. Businesses operating in the financial services sector, particularly those with expertise in public sector banking and the ability to meet the rigorous requirements of local government contracts, would be well-equipped to compete. The long-term nature of the contract also suggests ongoing service demands, making it attractive for stable, established companies in the industry.

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Notice Title

734-20 Banking Services

Notice Description

To provide a range of core banking services for use by the local authority.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5ec4a8fd-cdcb-4967-8361-dbbf61639068
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6f8ab89c-c71a-46d6-9867-972a0fdcfa46
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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
£1,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£655,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
30 Mar 20205 years ago
Submission Deadline
7 Jan 2020Expired
Future Notice Date
Not specified
Award Date
23 Mar 20205 years ago
Contract Period
31 May 2020 - 31 May 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
EAST RIDING OF YORKSHIRE 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
BEVERLEY
Postcode
HU17 9BA
Post Town
Hull
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE1 East Yorkshire and Northern Lincolnshire
Small Region (ITL 3)
TLE12 East Riding of Yorkshire
Delivery Location
TLE Yorkshire and The Humber

Local Authority
East Riding of Yorkshire
Electoral Ward
St Mary's
Westminster Constituency
Beverley and Holderness

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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