Tender

CWC21109 Corporate Banking

WOLVERHAMPTON CITY COUNCIL

This public procurement record has 1 release in its history.

Tender

09 Nov 2021 at 11:26

Tender Notice
Summary of the contracting process

The Wolverhampton City Council is inviting tenders for its "CWC21109 Corporate Banking" project, which involves providing a range of banking services classified under the CPV code for banking services (66110000). This procurement process is currently in the open tender stage, with a submission deadline set for 10 December 2021. The contract period is planned to commence on 19 March 2022 and run until 31 March 2029. The total estimated value of the contract is £350,000, and the services are required to be delivered in the United Kingdom.

This tender represents an excellent opportunity for banks and financial service providers to engage with local government, particularly those with expertise in banking solutions tailored for public sector needs. Businesses that provide comprehensive banking services, including account management, transaction processing, and tailored financial solutions for various public accounts, would be well-suited to compete for this contract. The complexity of the requirements also opens potential for innovative banking solutions tailored to the diverse needs of the council, creating avenues for collaboration and business growth.

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Notice Information

Notice Title

CWC21109 Corporate Banking

Notice Description

The Council invites tenders for the provision of banking services including: * 5 main accounts with facilities including but not limited to sweep/pooling and full bank file collection of all daily transactions for import into our back office finance system that meets our specification * A group overdraft facility * An intra day limit * 47 imprest accounts for schools and council services * cash (including loose cash) and cheque processing through our appointed cash in transit contractor to a cash/cheque processing centre * Consolidated and bulk cash facilities * Automated credit and debit facilities * Branch facilities for cheque encashment and occasional paying in * BACS bureau and SUN sponsorship and transaction processing * internet banking services for balance/group balance, transaction reporting, payment initiation including immediate/CHAPS and Foreign payments by a 2 level approval process, bank account statement export to reconcile with the file import for our back office system Additional Requirements: * Bank accounts for 2 wholly owned companies, YOO Recruit and WV Living * 2 bank accounts with third party administration assigned to the West Midlands Pension Fund * A payment of council bills solution by customer online banking settled by faster payment via integration with our own web payment platform, hosted through its own unique (additional) bank account with a full import of transactions in the bank file mentioned at 1.1 this account would also need to sweep to the main current account. * a virtual account with approximately 500 sub accounts for the saving for our young people in care until the age of 18 * a main header account with 75 sub accounts for customers who we have been awarded Court of Protection *

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9073145b-ce31-4b3d-8ed7-1b3962703c16
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2a7e450b-ba92-45ce-9b8d-c07c56bd8420
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£350,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
9 Nov 20214 years ago
Submission Deadline
10 Dec 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
19 Mar 2022 - 31 Mar 2029 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
WOLVERHAMPTON CITY 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
WOLVERHAMPTON
Postcode
WV1 1RL
Post Town
Wolverhampton
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG39 Wolverhampton
Delivery Location
Not specified
Local Authority
Wolverhampton
Electoral Ward
St Peters
Westminster Constituency
Wolverhampton West

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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