Award

Banking Contract

NORTH HERTFORDSHIRE DISTRICT COUNCIL

This public procurement record has 1 release in its history.

Award

23 Mar 2023 at 08:28

Summary of the contracting process

The North Hertfordshire District Council has awarded a contract for Banking services through a selective procurement method. The contract's total value is £175,000 in GBP. The contract period is from April 1, 2023, to March 31, 2033. The procurement stage has been completed, and the tender period ended on March 1, 2023. The award was made to Lloyds Bank Commercial Finance Limited. The contract was published on March 23, 2023, and the buying organisation's details can be found on their website. The contract is classified under banking and investment services in the services industry category.

This contract award by the North Hertfordshire District Council presents a lucrative opportunity for businesses in the banking and financial services sector. Companies capable of providing banking services, especially those experienced in call-off from a framework agreement, are well-suited to compete for this contract. The contract spans a significant period, offering a stable revenue source for the winning supplier. Businesses interested in expanding their client portfolio within the East of England region should consider participating in similar future tender processes led by the council to enhance their growth prospects.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Banking Contract

Notice Description

This contract has been awarded - Supply of Banking services.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9d1ad724-71a4-4252-a81a-b9043d186365
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/92e10113-63ff-412f-9fc8-50488b549dcf
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

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£175,000 £100K-£500K
Lots Value
Not specified
Awards Value
£175,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
23 Mar 20232 years ago
Submission Deadline
1 Mar 2023Expired
Future Notice Date
Not specified
Award Date
10 Mar 20232 years ago
Contract Period
31 Mar 2023 - 31 Mar 2033 Over 5 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
NORTH HERTFORDSHIRE DISTRICT 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
LETCHWORTH
Postcode
SG6 3JF
Post Town
Stevenage
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH26 North and East Hertfordshire
Delivery Location
Not specified

Local Authority
North Hertfordshire
Electoral Ward
Letchworth South West
Westminster Constituency
North East Hertfordshire

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS BANK COMMERCIAL FINANCE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-9d1ad724-71a4-4252-a81a-b9043d186365-2023-03-23T08:28:00Z",
    "date": "2023-03-23T08:28:00Z",
    "ocid": "ocds-b5fd17-9d1ad724-71a4-4252-a81a-b9043d186365",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "NHDC230323",
        "title": "Banking Contract",
        "description": "This contract has been awarded - Supply of Banking services.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66100000",
            "description": "Banking and investment services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "East of England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 175000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2023-03-01T17:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2023-04-01T00:00:00+01:00",
            "endDate": "2033-03-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-LAE-NHE",
            "name": "NORTH HERTFORDSHIRE DISTRICT COUNCIL",
            "identifier": {
                "legalName": "NORTH HERTFORDSHIRE DISTRICT COUNCIL",
                "scheme": "GB-LAE",
                "id": "NHE"
            },
            "address": {
                "streetAddress": "Gernon Road",
                "locality": "LETCHWORTH",
                "postalCode": "SG63JF",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Dean Fury",
                "email": "procurement.team@north-herts.gov.uk",
                "telephone": "01462 474000"
            },
            "details": {
                "url": "http://www.north-herts.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-00733011",
            "name": "LLOYDS BANK COMMERCIAL FINANCE LIMITED",
            "identifier": {
                "legalName": "LLOYDS BANK COMMERCIAL FINANCE LIMITED",
                "scheme": "GB-COH",
                "id": "00733011"
            },
            "address": {
                "streetAddress": "1 Brookhill Way OX16 3EL GB"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-LAE-NHE",
        "name": "NORTH HERTFORDSHIRE DISTRICT COUNCIL"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-9d1ad724-71a4-4252-a81a-b9043d186365-1",
            "status": "active",
            "date": "2023-03-10T00:00:00Z",
            "datePublished": "2023-03-23T08:28:00Z",
            "value": {
                "amount": 175000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-00733011",
                    "name": "LLOYDS BANK COMMERCIAL FINANCE LIMITED"
                }
            ],
            "contractPeriod": {
                "startDate": "2023-04-01T00:00:00+01:00",
                "endDate": "2033-03-31T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/92e10113-63ff-412f-9fc8-50488b549dcf",
                    "datePublished": "2023-03-23T08:28:00Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}