Tender

SC20042 - Provision of Banking Services

KENT COUNTY COUNCIL

This public procurement record has 1 release in its history.

Tender

09 Sep 2022 at 09:36

Tender Notice
Summary of the contracting process

The Kent County Council is seeking banking services through tender opportunity SC20042. The procurement process aims to find a supplier to manage various bank accounts, including those for general payments, salaries, and schools' payroll. The contract period is set to start on February 1, 2023, with a total value of £700,000. The tender is open for interested parties until October 14, 2022, with a focus on SMEs and VCSE organisations.

This opportunity presents a chance for businesses to provide banking services to a diverse range of accounts held by Kent County Council. Companies involved in financial services, particularly in electronic/online banking and physical facility management, are well-suited to compete in this tender. The provision of efficient and cost-effective banking solutions, along with the support for the council's financial affairs and schools' operations, can be key areas of focus for potential suppliers.

Find more tenders on our Open Data Platform.
How relevant is this notice?

Notice Information

Notice Title

SC20042 - Provision of Banking Services

Notice Description

Kent County Council are tendering the provision of their Banking Services. Kent County Council currently maintains a number of bank accounts, including the following main accounts: * General Account * Payments Account * Salaries Account * Schools' Payroll Account * Commercial Services Laser Purchases Account * Commercial Services Income Account * Commercial Services Purchases Account * Direct Debit Collections Account * Pension Payroll Account In addition to these, the Council operates a number of other accounts, including imprest / receipts accounts, Kent schools accounts and approximately 1,300 bank accounts on behalf of individuals receiving care. The Police and Crime Commissioner for Kent (PCCK), and the Kent and Medway Towns Fire Authority (KMTFA) currently use the Council's bank and take advantage of the same terms and tariffs offered to the Council. The requirement of these organisations is therefore included within the Council's tender process. The successful bank will be required to enter into separate contractual agreements with each organisation whereby those organisations can draw down services under the KCC contract by way of an Access Deed. The successful supplier will be required to: 1. Encourage and support the further development of electronic/online banking services to reduce costs by streamlining processes and enhancing the quality of management information. 2. Provide access to physical facilities as the Council requires, for both its own operations as well as for schools in the KCC scheme, for cash and cheque paying in, cheque encashment and a head office collection account. 3. Effectively support the operation of the Financial Affairs Client accounts.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-713d4ba6-a578-4036-b237-f0b26fed1b46
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/68017723-e0f9-4d83-ac34-3d04fd066c44
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
Tender Suitability
SME, VCSE
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
£700,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
9 Sep 20223 years ago
Submission Deadline
14 Oct 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Feb 2023 - 31 Jan 2030 Over 5 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
KENT COUNTY 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
MAIDSTONE
Postcode
ME14 1XQ
Post Town
Rochester
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ4 Kent
Small Region (ITL 3)
TLJ45 Mid Kent
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Maidstone
Electoral Ward
Penenden Heath
Westminster Constituency
Maidstone and Malling

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-713d4ba6-a578-4036-b237-f0b26fed1b46-2022-09-09T10:36:33+01:00",
    "date": "2022-09-09T10:36:33+01:00",
    "ocid": "ocds-b5fd17-713d4ba6-a578-4036-b237-f0b26fed1b46",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "KENT001-DN632135-27787435",
        "title": "SC20042 - Provision of Banking Services",
        "description": "Kent County Council are tendering the provision of their Banking Services. Kent County Council currently maintains a number of bank accounts, including the following main accounts: * General Account * Payments Account * Salaries Account * Schools' Payroll Account * Commercial Services Laser Purchases Account * Commercial Services Income Account * Commercial Services Purchases Account * Direct Debit Collections Account * Pension Payroll Account In addition to these, the Council operates a number of other accounts, including imprest / receipts accounts, Kent schools accounts and approximately 1,300 bank accounts on behalf of individuals receiving care. The Police and Crime Commissioner for Kent (PCCK), and the Kent and Medway Towns Fire Authority (KMTFA) currently use the Council's bank and take advantage of the same terms and tariffs offered to the Council. The requirement of these organisations is therefore included within the Council's tender process. The successful bank will be required to enter into separate contractual agreements with each organisation whereby those organisations can draw down services under the KCC contract by way of an Access Deed. The successful supplier will be required to: 1. Encourage and support the further development of electronic/online banking services to reduce costs by streamlining processes and enhancing the quality of management information. 2. Provide access to physical facilities as the Council requires, for both its own operations as well as for schools in the KCC scheme, for cash and cheque paying in, cheque encashment and a head office collection account. 3. Effectively support the operation of the Financial Affairs Client accounts.",
        "datePublished": "2022-09-09T10:36:33+01:00",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66110000",
            "description": "Banking services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 700000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2022-10-14T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2023-02-01T00:00:00Z",
            "endDate": "2030-01-31T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": true
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/68017723-e0f9-4d83-ac34-3d04fd066c44",
                "datePublished": "2022-09-09T10:36:33+01:00",
                "format": "text/html",
                "language": "en"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-CFS-90388",
            "name": "Kent County Council",
            "identifier": {
                "legalName": "Kent County Council"
            },
            "address": {
                "streetAddress": "Sessions House",
                "locality": "Maidstone",
                "postalCode": "ME14 1XQ",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Craig Manley",
                "email": "craig.manley@kent.gov.uk",
                "telephone": "+44 3000423324"
            },
            "details": {
                "url": "http://www.kent.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-90388",
        "name": "Kent County Council"
    }
}