Award

TD2189- Banking Services

DERBY CITY COUNCIL

This public procurement record has 1 release in its history.

Award

25 Nov 2024 at 12:56

Award Notice
Summary of the contracting process

The public procurement contracting process for "TD2189 - Banking Services" has been completed by Derby City Council. This tender, classified under CPV code 66110000 (Banking Services), is aimed at securing banking services for the council with a contract value of £1,519,718.53. The tender was conducted via a selective procurement method, specifically a call-off from a framework agreement. The award was finalised on 4th September 2024, with the contract period commencing on 1st January 2025 and ending on 1st December 2035. The services are to be delivered in the East Midlands, United Kingdom.

This tender presents a significant opportunity for businesses within the financial services and banking industry to engage in long-term contracts with local government bodies. While the successful bidder, Lloyds Banking Group, is a large-scale enterprise, the nature of such tenders allows various businesses to grow by providing specialised financial services. Companies with capabilities in government procurement, especially those familiar with framework agreements, would have been well-placed to compete for this contract, fostering growth and establishing a robust presence in the public sector.

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Notice Information

Notice Title

TD2189- Banking Services

Notice Description

Banking Services for the Council.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a9c4af19-0894-401f-acd9-d507b62257e6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/15331240-36c3-4b29-889d-fd8497c919ea
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

66110000 - Banking services

Notice Value(s)

Tender Value
£1,519,718 £1M-£10M
Lots Value
Not specified
Awards Value
£1,519,718 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
25 Nov 20241 years ago
Submission Deadline
13 Nov 2024Expired
Future Notice Date
Not specified
Award Date
3 Sep 20241 years ago
Contract Period
1 Jan 2025 - 1 Dec 2035 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
DERBY CITY 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
DERBY
Postcode
DE1 2FS
Post Town
Derby
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF11 Derby
Delivery Location
TLF East Midlands (England)
Local Authority
Derby
Electoral Ward
Darley
Westminster Constituency
Derby South

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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