Provision of Banking Services

ROTHERHAM METROPOLITAN BOROUGH COUNCIL

There is 1 contract in this contracting process.

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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Provision of Banking Services

ROTHERHAM METROPOLITAN BOROUGH COUNCIL

Contract Timeline

Publication Date

15th April 2025 13:12:55 PM
Contract Summary

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
Contract Details

Open Contracting ID

ocds-b5fd17-a91d15d7-b441-4292-8db6-1de83d1fa07e

Publication Source

Contracts Finder

Procurement Stage

Award

Procurement Method

Open

Procurement Method Details

Open Procedure

Procurement Category

Services

Tender Suitability

Framework / DPS
Contract Classification

CPV Code(s)

66110000

CPV Division(s)

66 - Financial and insurance services
Awarding Authority

ROTHERHAM METROPOLITAN BOROUGH COUNCIL

Buyer Name

Emma Fairclough

Buyer Email

emma.fairclough@rotherham.gov.uk

Buyer Phone

+44 1709334174

Buyer Address

Riverside House, Main Street

Rotherham

S60 1AE

ENG
Awarded Supplier(s)

Supplier Name(s)

LLOYDS BANK PLC

View contract on Contracts Finder

Provision of Banking Services

ROTHERHAM METROPOLITAN BOROUGH COUNCIL

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority

Awarded Supplier(s)