Award

Maidstone Borough Council - Corporate Banking and Merchant Services

MAIDSTONE BOROUGH COUNCIL

This public procurement record has 2 releases in its history.

Award

25 Oct 2024 at 13:21

Award Notice
Tender

02 Aug 2024 at 15:40

Tender Notice
Summary of the contracting process

Maidstone Borough Council (MBC) has awarded a contract for corporate banking and merchant services to Lloyds Banking Group. This contract is classified under financial and insurance services and covers the United Kingdom, specifically in England. The procurement process followed an open procedure, with key dates including the release of the tender on 2nd August 2024, deadlines for expressions of interest and tender submissions on 30th August and 6th September 2024 respectively, and the appointment of the contractor in December 2024. The contract, valued at £388,600, is set to commence on 1st April 2025 and will run until 31st March 2030.

This tender presents significant opportunities for businesses specialising in financial and banking services to partner with a reputable public sector entity. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are particularly encouraged to compete, as the procurement process anticipated their participation. Companies that can offer competitive and efficient corporate banking and merchant solutions stand to benefit greatly from this long-term engagement with Maidstone Borough Council.

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Notice Information

Notice Title

Maidstone Borough Council - Corporate Banking and Merchant Services

Notice Description

Maidstone Borough Council (MBC) is looking to award a contract for corporate banking and card merchant services (excluding investment services). Tenderers must register their interest through the Kent Business Portal in order to express their interest to view and respond to the documents (registration is free). Key Dates & Timeline for Procurement Tender release: Friday 2nd August 2024 Expression of Interest Deadline: 12:00pm Friday 30th August 2024 Deadline for submission of completed tenders: 12:00pm Friday 6th September 2024 Evaluation: w/c Monday 9th September 2024 Appointment of contractor: December 2024 Contract Start Date: 1st April 2025

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a2a7bd07-3038-4f84-8e6b-bd9e0b9c4dbf
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/acfadaef-7068-4126-8e25-1c2761e406ed
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
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£388,600 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Oct 20241 years ago
Submission Deadline
30 Aug 2024Expired
Future Notice Date
Not specified
Award Date
24 Oct 20241 years ago
Contract Period
31 Mar 2025 - 31 Mar 2030 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
MAIDSTONE 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
MAIDSTONE
Postcode
ME15 6JQ
Post Town
Rochester
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ4 Kent
Small Region (ITL 3)
TLJ45 Mid Kent
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Maidstone
Electoral Ward
High Street
Westminster Constituency
Maidstone and Malling

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS BANKING GROUP

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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