Award

Agreement for Banking Services, Cash Management and Payments

REDDITCH BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

02 Jun 2025 at 11:50

Summary of the contracting process

The public procurement process for the "Agreement for Banking Services, Cash Management and Payments" has been completed by Redditch Borough Council in England. This contract, classified under the CPV code 66110000 for banking services, was awarded to Lloyds Banking Group PLC on 30th May 2025. The procurement stage reached the award phase with the contract period set from 1st June 2025 to 1st June 2028. The tender was managed through a framework provision method and targeted the services category. It concluded on 29th May 2025, focusing on general banking services within the United Kingdom.

This awarded contract presents significant growth opportunities for businesses particularly in the financial services industry. Small and medium enterprises may find similar future tenders advantageous due to Redditch Borough Council’s consideration of SME suitability in its procurement decisions. Companies specializing in banking services and cash management would be well-suited to compete in such tenders, as the council seeks efficient financial solutions for cash management and payment processes. Engaging in these procurement opportunities can enhance business profiles and establish partnerships with significant public sector bodies like Redditch Borough Council.

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Notice Title

Agreement for Banking Services, Cash Management and Payments

Notice Description

Agreement for Banking Services, Cash Management and Payments via Framework - Provision of General Banking Services NEPO531

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7d2ac857-0563-4692-ba6e-bf7d66e5c0cd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f1cd98d5-3c0a-46e3-869e-fc4ae5a05648
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
Large

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
£48,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Jun 20258 months ago
Submission Deadline
29 May 2025Expired
Future Notice Date
Not specified
Award Date
29 May 20258 months ago
Contract Period
31 May 2025 - 1 Jun 2028 3-4 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
REDDITCH BOROUGH COUNCIL
Contact Name
Karen Gibbs
Contact Email
karen.gibbs@bromsgroveandredditch.gov.uk
Contact Phone
+44 152764252

Buyer Location

Locality
REDDITCH
Postcode
B98 8AH
Post Town
Birmingham
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG1 Herefordshire, Worcestershire and Warwickshire
Small Region (ITL 3)
TLG12 Worcestershire CC
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
Redditch
Electoral Ward
Central
Westminster Constituency
Redditch

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS BANKING GROUP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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