Award

RMBC - JP - General Banking Services - AWARD

RUNNYMEDE BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

11 Dec 2024 at 10:31

Award Notice
Summary of the contracting process

Runnymede Borough Council has successfully awarded a contract for General Banking Services to Lloyds Bank Plc. The contract involves maintaining multiple bank accounts, handling various payments, and providing an internet-based banking service portal for the council. This contract, classified under the CPV code 'Banking services' (66110000), covers bank accounts management, money transmission services, and payment processing. The initial term is set for four years starting from 1 January 2025, with a potential four-year extension. The award was made on 11 December 2024, following the tender period that ended on 20 November 2024. This procurement falls within the services category and aims to initiate structured financial operations across South East England, specifically headquartered in Addlestone, Surrey.

This tender presents a significant opportunity for financial institutions aiming to penetrate or expand their services within the public sector. It provides SMEs a strategic platform to engage in long-term public sector contracts through competitive tendering under frameworks like the NEPO531. Organisations adept at managing municipal financial services, including cash handling and online banking systems, are well-suited to compete for such tenders. By winning this contract, businesses can enhance their market presence and demonstrate capability in handling large-scale public sector banking needs, leading to potential further opportunities with other governmental bodies.

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Notice Information

Notice Title

RMBC - JP - General Banking Services - AWARD

Notice Description

The council seeks one supplier to conduct its banking services which will include the following maintenance of bank accounts (3 bank accounts for the Council and 7 bank accounts for the wholly owned companies); cash and cheques handling, BACS, CHAPS, Faster Payments, Direct Debits and Standing Orders processing and other money transmission services; an internet-based banking service portal for balance/transaction reporting and payment initiation and intraday credit. The initial term of the contract is 4 years with an optional extension of a 4-year period via a mini competition by the use of the NEPO Framework Reference NEPO531.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-70d5c0a0-1808-43f9-91af-1eb5f3522994
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/481484ac-3cf9-4178-90b7-cfa742c1a0d6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 Dec 20241 years ago
Submission Deadline
20 Nov 2024Expired
Future Notice Date
Not specified
Award Date
11 Dec 20241 years ago
Contract Period
1 Jan 2025 - 31 Dec 2029 Over 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
RUNNYMEDE BOROUGH 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
SURREY
Postcode
KT15 2AH
Post Town
Kingston upon Thames
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ25 West Surrey
Delivery Location
TLJ South East (England)
Local Authority
Runnymede
Electoral Ward
Addlestone South
Westminster Constituency
Runnymede and Weybridge

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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