Award

Provision of Banking Services

ROTHERHAM METROPOLITAN BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

15 Apr 2025 at 13:12

Summary of the contracting process

Rotherham Metropolitan Borough Council has awarded the contract for the provision of comprehensive banking services. This contract, which spans multiple locations including the United Kingdom and several British Overseas Territories, falls under the industry category of banking services (CPV code 66110000). Following a completed open tender process, Lloyds Bank Plc has been selected as the supplier. The procurement was in its award stage as of 15 April 2025, with the actual contract set to commence on 1 April 2024 and run until 31 March 2034. The tender period concluded on 13 July 2023.

This contract presents significant growth opportunities for businesses offering banking and financial services. Companies with capabilities in maintaining bank accounts, handling cash and cheques, processing BACS, CHAPS, and Faster Payments, and offering internet banking solutions for local authorities could find this contract particularly beneficial. Large financial institutions like Lloyds Bank Plc, which have the necessary infrastructure and expertise, are well-suited to compete in such tenders, thereby expanding their footprint in the public sector. Although this specific contract is geared towards larger entities, it underscores the continuous need for diverse and robust financial services from public sector buyers.

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Notice Title

Provision of Banking Services

Notice Description

Rotherham MBC's Banking services to include the maintenance of bank accounts, cash and cheque handling, BACS, CHAPS and Faster Payments processing and other money transmission services associated with local authority banking arrangements. The Council will also require an internet banking service for balance/transaction reporting and payment initiation. Additional information: Contract Start date

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a91d15d7-b441-4292-8db6-1de83d1fa07e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2193bc16-c1f5-4c33-a408-29b761e8fdc2
Current Stage
Award
All Stages
Award

Procurement Classification

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

Notice Dates

Publication Date
15 Apr 202510 months ago
Submission Deadline
13 Jul 2023Expired
Future Notice Date
Not specified
Award Date
26 Feb 202512 months ago
Contract Period
31 Mar 2024 - 31 Mar 2034 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
ROTHERHAM METROPOLITAN BOROUGH COUNCIL
Contact Name
Emma Fairclough
Contact Email
emma.fairclough@rotherham.gov.uk
Contact Phone
+44 1709334174

Buyer Location

Locality
ROTHERHAM
Postcode
S60 1AE
Post Town
Sheffield
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE34 Rotherham
Delivery Location
Not specified

Local Authority
Rotherham
Electoral Ward
Boston Castle
Westminster Constituency
Rotherham

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS BANK

Open Contracting Data Standard (OCDS)

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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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