Award

Cashfac

DURHAM COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

11 Sep 2024 at 11:57

Summary of the contracting process

Durham County Council has recently completed a public procurement process titled "Cashfac" within the Financial and Insurance Services industry. This project involves Cashfac PLC administering virtual accounts on behalf of Lloyds Bank, serving the Deputy and Appointee Team. The procurement was conducted using an open procedure and has progressed to the award stage, with the contract starting on 26 May 2024 and ending on 25 May 2027. The awarded contract, valued at £80,000, will be implemented across England, United Kingdom. Key dates include the tender period end on 17 April 2024 and the award announcement on 11 September 2024.

This tender presents significant opportunities for businesses, especially small and medium-sized enterprises (SMEs) capable of delivering financial and banking services. Companies skilled in virtual account administration and familiar with financial services can find this contract to be a strategic entry point into long-term public sector partnerships. The open procurement method ensures a fair competition landscape, making it a viable growth opportunity for businesses looking to expand their footprint in public procurement. Contact Ethan Bowman from Durham County Council for more details and potential engagement.

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Notice Title

Cashfac

Notice Description

Lloyds Bank are the Deputy and Appointee Team bank account provider. Cashfac administer virtual accounts on behalf of Lloyds.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-82f5ff55-282b-4dac-9934-70962f3033b7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fc0b968f-fba3-496a-bd1a-449255551442
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£80,000 Under £100K
Lots Value
Not specified
Awards Value
£80,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Sep 20241 years ago
Submission Deadline
17 Apr 2024Expired
Future Notice Date
Not specified
Award Date
16 Apr 20241 years ago
Contract Period
25 May 2024 - 25 May 2026 1-2 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
DURHAM COUNTY COUNCIL
Contact Name
Ethan Bowman
Contact Email
ethan.bowman@durham.gov.uk
Contact Phone
+44 3000265430

Buyer Location

Locality
DURHAM
Postcode
DH1 5UQ
Post Town
Durham
Country
England

Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC41 Durham
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
County Durham
Electoral Ward
Neville's Cross
Westminster Constituency
City of Durham

Supplier Information

Number of Suppliers
1
Supplier Name

CASHFAC

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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