Award

Banking Services

NTW SOLUTIONS LTD

This public procurement record has 1 release in its history.

Award

19 Dec 2023 at 14:34

Award Notice
Summary of the contracting process

The buying organisation, NTW Solutions Ltd, has recently awarded a contract for Banking Services, with a total value of £78,751.12. The procurement stage was completed through a Limited competitive quotation process, with a tender period ending on 15th November 2023. The contract period is scheduled to start on 1st January 2024 and end on 31st December 2028. The services fall under the industry category of banking services and are located in Newcastle Upon Tyne, United Kingdom.

This awarded tender for Banking Services by NTW Solutions Ltd presents an opportunity for financial institutions and banking service providers to engage in providing current operational accounts services. Businesses well-suited to compete should offer competitive pricing and excellent service quality to meet the requirements specified in the tender document. Participation from large banking service providers, like Lloyds Bank, can further enhance competition and service delivery.

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Notice Information

Notice Title

Banking Services

Notice Description

The Authority tendered for a banking provider for: - Current accounts x 6 to receive income, make cheque payments and to make transfers to and from other accounts, including its account with Natwest (Government Bank Account). This will be operational accounts only with no fixed deposits or lending required. The pricing schedule shows the current annual account activity for our accounts which includes main activities of: - Banking (cash and cheques) - most of the banking are notes i.e. around 90% for banked and 99% for withdrawal) as we keep as much change as possible at main cashiering sites. We do around 10 drops per week, transported by Security Plus Limited to a local branch - See Pricing Schedule for more detail. - Direct Receipts - Manual cheques issued - two signatures are required if the cheque is for PS50k or over, or the cheque is made out to "cash" - BACS payments made - Inter-account transfers Additional information: This is notice of an Awarded Contract and not a live opportunity

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-891aa050-64dc-40ce-a788-8ffd155fbdff
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/32ee9c4e-3d2e-478c-bdc8-6287f452820a
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below 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
£78,751 Under £100K
Lots Value
Not specified
Awards Value
£78,751 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Dec 20232 years ago
Submission Deadline
15 Nov 2023Expired
Future Notice Date
Not specified
Award Date
19 Dec 20232 years ago
Contract Period
1 Jan 2024 - 31 Dec 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
NTW SOLUTIONS LTD
Contact Name
Paul Batey
Contact Email
paul.batey@ntw.nhs.uk
Contact Phone
01912467208

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE3 3XT
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England), TLD North West (England)
Local Authority
Newcastle upon Tyne
Electoral Ward
Fawdon & West Gosforth
Westminster Constituency
Newcastle upon Tyne North

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS 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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