Award

Banking Services Tender

THE UNIVERSITY OF WESTMINSTER

This public procurement record has 2 releases in its history.

Award

25 Jul 2023 at 14:22

Award Notice
Tender

13 Mar 2023 at 15:57

Tender Notice
Summary of the contracting process

The University of Westminster has awarded a contract for Banking Services to Lloyds Bank Plc. The contract involves the maintenance of multiple currency bank accounts, cash handling, and online banking services. The contract value is £40,000, with a contract period from December 1, 2023, to November 30, 2027. The award was made on July 17, 2023, and the procurement method was direct using a single tender action.

Businesses operating in the banking services sector, particularly those with experience in money transmission services and online banking solutions, would find this tender opportunity suitable for growth. As the University of Westminster aims to enhance its banking arrangements, businesses focusing on financial technology and efficient money handling services are well-suited to compete. The tender presents an opportunity for businesses to provide tailored banking solutions to a prestigious educational institution based in London, United Kingdom.

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Notice Information

Notice Title

Banking Services Tender

Notice Description

The University of Westminster wishes to appoint a supplier for UK money transmission banking services. The service required includes the maintenance of Sterling, EURO and US Dollar bank accounts, cash and cheque handling, BACS transaction processing and other money transmission services associated with University banking arrangements. An internet banking service will be required for balance and transaction reporting and payment initiation. Additional information can be obtained from the university e-tendering portal, at https://procontract.due-north.com. Bidders will need to register for free on the portal by completing a simple registration, Once registered bidders can use the search function under "find opportunities" to find the tender.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-63f97a59-36c0-49b9-a955-71a10e7564a3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/44814ff2-a9e9-435f-9ece-4764b4135d45
Current Stage
Award
All Stages
Tender, 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
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£50,000 Under £100K
Lots Value
Not specified
Awards Value
£40,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Jul 20232 years ago
Submission Deadline
17 Apr 2023Expired
Future Notice Date
Not specified
Award Date
16 Jul 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
THE UNIVERSITY OF WESTMINSTER
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
W1B 2UW
Post Town
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
West End
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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