Award

Banking Services

UNIVERSITY OF PORTSMOUTH

This public procurement record has 2 releases in its history.

Award

08 Nov 2018 at 10:08

Award Notice
Tender

13 Feb 2018 at 14:50

Tender Notice
Summary of the contracting process

The University of Portsmouth is seeking tenders for banking services, specifically for UK money transmission. This procurement falls under the services category, designated by the CPV code 66110000. The procurement process is currently in the award stage, with the contract period running from 6th August 2018 to 6th August 2023. Interested parties were encouraged to express their interest by the deadline of 13th March 2018. The payment services required include managing Sterling, Euro, and US Dollar accounts, along with cash and cheque handling, among other banking services. The procurement method employed is an open procedure above the specified threshold.

This tender represents a significant opportunity for businesses specialising in banking services, particularly those capable of providing comprehensive money transmission solutions tailored to educational institutions. Firms adept in cash management, transaction processing, and internet banking solutions would be well-suited to compete for this contract. The procurement could boost business growth for suppliers that possess the capability to manage complex banking arrangements and enhance the financial operations of the University of Portsmouth.

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Notice Information

Notice Title

Banking Services

Notice Description

The University is requesting tenders for UK money transmission banking services. The service required includes the maintenance of Sterling, EURO and US Dollar bank accounts, cash and cheque handling, BACS transaction processing and other money transmission services associated with University banking arrangements. An internet banking service will be required for balance and transaction reporting and payment initiation. The initial Contract Period for the Agreement shall be three (3) years with the option to extend for two years. To Express an Interest in this project please register on the University of Portsmouth In-Tend webpage and express an interest in this project. Please find the weblink for our webpage below: https://in-tendhost.co.uk/port/

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7e0b00ca-7412-41fe-ab35-c3b60ecc6dd1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1d7db4f2-eed3-4ae2-b550-d70ddf9ef09d
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
8 Nov 20187 years ago
Submission Deadline
13 Mar 2018Expired
Future Notice Date
Not specified
Award Date
4 Aug 20187 years ago
Contract Period
5 Aug 2018 - 6 Aug 2023 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 PORTSMOUTH
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
PORTSMOUTH
Postcode
PO1 2UP
Post Town
Portsmouth
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ31 Portsmouth
Delivery Location
TLJ South East (England)
Local Authority
Portsmouth
Electoral Ward
St Thomas
Westminster Constituency
Portsmouth South

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS BANKING GROUP

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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