Award

Banking Services

LONDON BOROUGH OF NEWHAM

This public procurement record has 1 release in its history.

Award

07 Mar 2022 at 15:03

Summary of the contracting process

The London Borough of Newham has awarded a contract titled "Banking Services" for core banking solutions, including current accounts, payments processing, and online banking. With a contract value of £404,000, this procurement falls under the banking services category (CPV Code: 66110000). The contract period spans from 5 January 2022 to 4 January 2027, following a selective procurement method via a call-off from a framework agreement. The procurement process reached completion on 10 February 2022, with the award notice published on 7 March 2022. The delivery address for the services is in London, specifically the postcode E16 2QU.

This awarded tender presents a valuable opportunity for businesses specialising in banking and financial services, particularly small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) that may provide innovative banking solutions. Companies that offer a range of services such as payment processing, direct debit management, and customised banking solutions would be well-suited to engage with future tenders related to banking services within the public sector.

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Notice Title

Banking Services

Notice Description

Core Banking Services, Current accounts, BACs Payments, Direct Debit Processing, Online Banking, Chaps Payments, Bulk Withdrawals and other Banking Services. Contract Awarded.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-77ed6005-4dc6-4692-ad63-6b60e5d24fb6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1f81cab3-c417-4aee-9786-32b6b33c394d
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
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
£404,000 £100K-£500K
Lots Value
Not specified
Awards Value
£404,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Mar 20223 years ago
Submission Deadline
9 Dec 2021Expired
Future Notice Date
Not specified
Award Date
10 Feb 20224 years ago
Contract Period
5 Jan 2022 - 4 Jan 2027 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF NEWHAM
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
E16 2QU
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
Not specified

Local Authority
Newham
Electoral Ward
Royal Albert
Westminster Constituency
West Ham and Beckton

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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