Award

Provision of Banking Services

DORSET COUNCIL

This public procurement record has 2 releases in its history.

Award

10 Jan 2020 at 10:06

Award Notice
Tender

17 Oct 2019 at 08:05

Tender Notice
Summary of the contracting process

Dorset Council is currently engaged in the procurement process for the "Provision of Banking Services" as part of its efforts to consolidate banking arrangements following a local government reorganisation that took place in April 2019. The procurement is classified under the "Banking services" industry category, with a contract value of £1,200,000. The tender stage was announced on 17th October 2019, with submissions due by 19th November 2019. The successful bidder will commence service on 1st January 2020, and the contract will run for five years, with a possible extension of up to three additional years.

This tender presents significant opportunities for financial institutions, particularly those with experience in local authority banking services. Businesses that offer comprehensive money transmission services including handling of accounts, payment processing, and internet banking solutions would be well-suited to compete for this contract. Companies capable of managing complex transitions in banking arrangements will likely find this tender aligns with their service capabilities, enabling them to expand their footprint in public sector services in the UK.

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Notice Information

Notice Title

Provision of Banking Services

Notice Description

Dorset Council is seeking tenders for the provision of banking services. Local Government Reorganisation has taken place in the County of Dorset, which resulted in a new Dorset Council on 1 April 2019 replacing the former district and borough councils (East Dorset, North Dorset, Purbeck, West Dorset, Weymouth & Portland) and the former Dorset County Council. The banking arrangements maintained by the former councils are currently provided by a range of different banks and these arrangements will continue until the new banking contract for Dorset Council is implemented. Dorset Council requires a comprehensive money transmission banking service involving maintenance of numerous bank accounts, handling of paper, BACS and CHAPS clearing, cash processing and other activities associated with local authority banking business. The Council will require an internet banking service for balance/transaction reporting and payment initiation. It is anticipated that the contract will commence immediately after final award and run for a period of 5 years. The Council will require the option to extend the contract for a further 3 years (making a maximum possible contract length of 8 years). Given the complexities of consolidating the banking arrangements, it is very unlikely that all services/requirements will be fully implemented by 1st April 2020. It is likely that different arrangements will be transferred to the new banking contract over an extended period of time up to and following 1st April 2020 Additional information: Unrestricted access to tender documents via https://www.supplyingthesouthwest.org.uk/

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8879485e-2b09-4a71-af03-5e95246bfc85
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6d1cf3d9-b3a4-4e1c-8ec7-c55b4eec04bf
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
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
£1,200,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,200,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
10 Jan 20206 years ago
Submission Deadline
19 Nov 2019Expired
Future Notice Date
Not specified
Award Date
20 Dec 20196 years ago
Contract Period
1 Jan 2020 - 31 Dec 2025 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
DORSET COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DORCHESTER
Postcode
DT1 1XJ
Post Town
Dorchester
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK6 North Somerset, Somerset and Dorset
Small Region (ITL 3)
TLK64 Dorset
Delivery Location
Not specified
Local Authority
Dorset
Electoral Ward
Dorchester West
Westminster Constituency
West Dorset

Supplier Information

Number of Suppliers
1
Supplier Name

NATIONAL WESTMINSTER 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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