Award

The provision of a Commercial Banking Service

CHESTERFIELD BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

16 Oct 2024 at 13:51

Award Notice
Summary of the contracting process

Chesterfield Borough Council has concluded the procurement process for the provision of commercial banking services, entailing cash management and payment services. This contract was awarded to Lloyds Bank Plc, and the official award was published on 16 October 2024. The contract spans from 1 October 2024 to 30 September 2031, with a value of £194,337.25. This procurement process used a selective method, specifically a call-off from a framework agreement. The relevant industry category is banking services (CPV: 66110000), and the main location for service delivery is Chesterfield, postal code S40 1LP. The tender period ended on 1 September 2024.

This tender presents substantial growth opportunities for businesses specialising in financial services, particularly those proficient in commercial banking, cash management, and payment solutions. Large-scale banking institutions would be well-suited to compete in this category, given the contract's extensive seven-year duration and significant value. The procurement method indicates a preference for established frameworks, suggesting potential for those already within similar frameworks or possessing the capability to fulfil high-value, long-term contracts for public sector clients.

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Notice Information

Notice Title

The provision of a Commercial Banking Service

Notice Description

Provision of commercial banking to include cash management and payments services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-931b93ed-f85e-450a-b987-74a2a200d563
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c19745ef-2f48-44f7-a7b3-87b00c3999db
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
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
£194,337 £100K-£500K
Lots Value
Not specified
Awards Value
£194,337 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Oct 20241 years ago
Submission Deadline
1 Sep 2024Expired
Future Notice Date
Not specified
Award Date
6 Sep 20241 years ago
Contract Period
30 Sep 2024 - 30 Sep 2031 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
CHESTERFIELD BOROUGH 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
CHESTERFIELD
Postcode
S40 1LP
Post Town
Sheffield
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF12 East Derbyshire
Delivery Location
Not specified
Local Authority
Chesterfield
Electoral Ward
Spire
Westminster Constituency
Chesterfield

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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