Award

Banking Services

TELFORD & WREKIN COUNCIL

This public procurement record has 1 release in its history.

Award

27 Mar 2020 at 10:40

Summary of the contracting process

The procurement process involves the Telford & Wrekin Council seeking banking services, with a total contract value of £850,000. This tender was published on 27 March 2020 and the contract period extends from 1 November 2021 to 31 October 2031. The procurement method was initiated through a tender, and the process is considered complete as of the award date of 9 March 2020. The banking services are specifically needed in the West Midlands, United Kingdom, and were awarded to Lloyds Banking Group Plc and Lloyds Bank PLC.

This tender represents a significant opportunity for businesses in the financial services sector, particularly those offering banking and financial solutions. Companies that can provide comprehensive banking services would be especially suited to compete for similar future contracts with local government authorities. Such contracts may contribute to long-term business growth and stability, given the extended duration of the awarded contract.

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Notice Title

Banking Services

Notice Description

Banking services. Provision of Banking Services for Borough of Telford & Wrekin

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a690f992-c082-4d42-ae89-e9174bc0a86c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/24066373-91c8-4b86-8051-24eeb7037965
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
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
£850,000 £500K-£1M
Lots Value
Not specified
Awards Value
£850,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
27 Mar 20205 years ago
Submission Deadline
9 Mar 2020Expired
Future Notice Date
Not specified
Award Date
9 Mar 20205 years ago
Contract Period
1 Nov 2021 - 31 Oct 2031 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
TELFORD & WREKIN COUNCIL
Contact Name
Not specified
Contact Email
sarah.bass@telford.gov.uk
Contact Phone
+441952382470

Buyer Location

Locality
TELFORD
Postcode
TF3 4JA
Post Town
Telford
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG2 Shropshire and Staffordshire
Small Region (ITL 3)
TLG21 Telford and Wrekin
Delivery Location
TLG West Midlands (England)

Local Authority
Telford and Wrekin
Electoral Ward
Malinslee & Dawley Bank
Westminster Constituency
Telford

Supplier Information

Number of Suppliers
2
Supplier Names

LLOYDS BANK

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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