Award

Provision of Banking Services

LONDON BOROUGH OF HACKNEY

This public procurement record has 1 release in its history.

Award

01 Feb 2022 at 15:53

Award Notice
Summary of the contracting process

The London Borough of Hackney has completed a procurement process for the provision of banking services, with a total contract value of £325,000. This public procurement contract falls under the classification of banking services and was procured through a direct award method. The contract period commenced on 2nd January 2022 and will extend until 1st January 2028. The tender process concluded on 1st December 2021, and was located in Hackney, England.

This contract represents a significant opportunity for businesses in the banking sector, particularly for established institutions capable of providing comprehensive banking services. Companies that are looking to expand their portfolios in public sector contracts should consider bidding for future opportunities, as the demand for reliable financial services in the public domain continues to grow. While this particular tender has been awarded to Lloyds Banking Group, there will be further competitive processes in the future that can accommodate a range of banking service providers.

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Notice Information

Notice Title

Provision of Banking Services

Notice Description

Provision of banking services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7e31864d-589c-4944-b7b6-55f9c5ee4626
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/24eed460-7f8a-4d0d-a5cb-859cf686bff3
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
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
£325,000 £100K-£500K
Lots Value
Not specified
Awards Value
£325,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Feb 20224 years ago
Submission Deadline
1 Dec 2021Expired
Future Notice Date
Not specified
Award Date
31 Dec 20214 years ago
Contract Period
2 Jan 2022 - 1 Jan 2028 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
LONDON BOROUGH OF HACKNEY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
HACKNEY
Postcode
E8 1DY
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
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
Hackney
Electoral Ward
Hackney Central
Westminster Constituency
Hackney South and Shoreditch

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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