Award

Banking Services

UNIVERSITY OF DERBY

This public procurement record has 2 releases in its history.

Award

17 Sep 2025 at 09:10

Award Notice
Tender

23 Jun 2023 at 14:38

Tender Notice
Summary of the contracting process

The University of Derby has procured banking services under the title "Banking Services", with the process reaching the award stage. The buyer, University of Derby, located at Kedleston Road, Derby, England, seeks to enhance its Treasury Policy through efficient and effective banking facilities. The procurement falls under the industry category of Banking Services (CPV code 66110000) and encompasses services such as current accounts, foreign exchange, and electronic banking. This open procedure tender was completed with an award to Lloyds (Gresham) Ltd on 31st January 2024. The contract, valued at £401,857.20, will run from 1st February 2024 to 31st January 2029.

This tender offers substantial opportunities for large businesses specialising in financial and banking services, with a focus on capabilities like foreign exchange, payment processing, and electronic banking solutions. The contract demands a wide array of services, making it ideally suited for financial institutions with a global presence and expertise in handling large-scale financial transactions. Businesses equipped to manage cash and treasury operations, particularly those experienced with educational institutions, can leverage this contract to expand their portfolio and solidify their presence in the public sector.

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Notice Information

Notice Title

Banking Services

Notice Description

The University of Derby is a thriving institution inspired by a dedication to quality and opportunity. It is an innovator in flexible modular study and e-learning solutions tailoring programmes to students' needs. The University is home to a diverse community of over 28,000 students from the UK and overseas. Subjects offered to students include a wide range of disciplines in Arts, Design and Technology; Business, Computing and Law; and Education, Health and Sciences, all leaders in their field. The University is located on three campuses, one on the western edge of the City of Derby, the others in Buxton and Chesterfield. The three campuses and numerous other satellite learning sites employ over 2,500 people. Please visit www.derby.ac.uk for more information on the University of Derby. The University of Derby under the terms of its Treasury Policy is looking to procure its banking facilities to enable it to continue to grow and manage its operations efficiently and effectively. There are currently 14 bank accounts - all registered at the main University site on Kedleston Road covering all of our group companies. The scale of cash holdings can range from PS5m to PS60m, although our current Treasury Policy is that we will currently hold a maximum of PS15m in any of banking counterparties. Services Required: * Current Account * Foreign Exchange (primarily US$ and Euro), i/c client connection to FX dealing room * UK and world-wide payment receipts including on-line DD etc. * Overdraft Facilities - not currently in use * Working Capital/loan facilities, interest only/revolver loans; capital repayment and interest * Cash Services * Salary and Payments - BACS tel-IP * Deposits - including reserve and money markets (Registered Charity expertise) * Electronic Banking services - balance and transactions reporting-payment execution (BACS/CHAPS/Faster payments/International/export into back office applications. * Use of balances: set -off/sweep to interest bearing/treasury deposits * Cheque Handling and customised cheques * Paying in Books - references * Currency Accounts/Services * Secure pickup arrangements/deposit at branch - cash, cheques, coin (frequency) * Notes and coin requirements - local branch/secure delivery * Streamlined Direct Debit set up for student fees, preferably with the implementation of paperless direct debits (AUDIS) * FOC Cash Point Facilities * Global Presence (which Countries)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7257f196-86dd-4c7c-9609-334578dcdc93
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8e6ed21d-b1ad-4a83-9250-3388d047105a
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure (above 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
£401,857 £100K-£500K
Lots Value
Not specified
Awards Value
£401,857 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Sep 20255 months ago
Submission Deadline
26 Jul 2023Expired
Future Notice Date
Not specified
Award Date
31 Jan 20242 years ago
Contract Period
1 Feb 2024 - 31 Jan 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
UNIVERSITY OF DERBY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DERBY
Postcode
DE22 1GB
Post Town
Derby
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF11 Derby
Delivery Location
TLF East Midlands (England)
Local Authority
Derby
Electoral Ward
Allestree
Westminster Constituency
Mid Derbyshire

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS (GRESHAM

Further Information

Notice Documents

Notice URLs

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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