Tender

HCC 08/19 The Provision of Banking Services

SUPPLY HERTFORDSHIRE

This public procurement record has 1 release in its history.

Tender

02 Sep 2019 at 16:58

Tender Notice
Summary of the contracting process

The public procurement process is being led by Supply Hertfordshire, which is seeking tender submissions for "HCC 08/19 The Provision of Banking Services." This project, classified under the banking services industry, is located in Hertfordshire, United Kingdom. The contract will last for an initial term of five years, starting from 1st December 2019, with a potential extension of up to five additional years. The closing date for submissions is 2nd October 2019, with a maximum value of £450,000 for the initial term and up to £1,000,000 for the total 10-year period. The process follows an open procurement method, which is applicable since it is above the threshold for public procurement.

This tender presents a significant opportunity for growth in the finance and banking sector, particularly for businesses that provide comprehensive banking services, cash processing, or mortgage-related transactions. Companies specialising in internet banking solutions, financial transaction processing, and other banking-related services would be particularly well-suited to compete. As the procurement is open to various participants, it allows both established firms and new entrants to engage in providing essential services to local authorities, thus fostering competitive innovation in public financial management.

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Notice Information

Notice Title

HCC 08/19 The Provision of Banking Services

Notice Description

The Council requires a comprehensive money transmission banking service involving maintenance of Council and school bank accounts, handling of paper, BACS and CHAPS clearing, cash processing and other activities associated with local authority banking business. The Council will require an internet banking service for balance/transaction reporting and payment initiation. The proposed Contract will be awarded for an initial term of 5 years, with the option to extend for an initial period 3 years, plus an option to extend up to a further 2 years. The maximum value of the initial 5-year term of the contract will be PS450,000. The maximum value of the potential 10-year period will be up to PS1,000,000. This is to allow for indexation or variations during the extension period(s). Further information in regards to this opportunity can be found in the OJEU Contract Notice. Additional information: To access this opportunity please visit www.supplyhertfordshire.uk Is a Recurrent Procurement Type? : No

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7576f858-75db-4b69-b363-1ab39e206633
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c6e75817-6081-4ca8-aab4-37654ad62a78
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 (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

66112000 - Deposit services

66115000 - International payment transfer services

66172000 - Financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
2 Sep 20196 years ago
Submission Deadline
2 Oct 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Dec 2019 - 30 Nov 2024 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
SUPPLY HERTFORDSHIRE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
HERTFORDSHIRE
Postcode
SG13 8DE
Post Town
Stevenage
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH26 North and East Hertfordshire
Delivery Location
Not specified
Local Authority
East Hertfordshire
Electoral Ward
Hertford Castle
Westminster Constituency
Hertford and Stortford

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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