Award

Mid Sussex District Council Banking Services Contract

MID SUSSEX DISTRICT COUNCIL

This public procurement record has 1 release in its history.

Award

02 Oct 2024 at 12:16

Summary of the contracting process

Mid Sussex District Council has awarded a contract for Banking Services to Lloyds Banking Group PLC. The procurement process utilized the selective method of calling off from a framework agreement managed by the Technology Procurement Association. The contract, with a total value of £174,090, will run for seven years starting from 1st April 2025, with an option to extend for up to two additional years. This award is classified under the 'Banking services' industry category and pertains to activities within the South East region of the United Kingdom. The award notice was published on 2nd October 2024.

This tender presents significant opportunities for large financial institutions offering comprehensive banking services. Firms experienced with framework agreements and capable of providing reliable, long-term banking solutions are well-suited to pursue such contracts. Winning similar contracts can help businesses expand their portfolio of public sector clients, ensuring steady revenue streams over extended periods. Small and medium enterprises, as well as VCSEs, are likely to find less relevance here due to the scale and requirements of the contract.

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Notice Title

Mid Sussex District Council Banking Services Contract

Notice Description

This is the contract for all Banking Services required by Mid Sussex District Council. This has been called off by a direct award on Lot One of the Banking and Finance Framework Agreement setup by the Technology Procurement Association, managed by CPRAS. This is for a seven year contract with the option to extend for up to two more years; the value stated in this award notice is the value for the maximum 9 year contract term available.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a9cdaa17-0a92-4ee0-b329-51f455248989
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5ebc52f5-f6db-424b-a54d-4d2a244f854a
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
£174,090 £100K-£500K
Lots Value
Not specified
Awards Value
£174,090 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Oct 20241 years ago
Submission Deadline
1 Sep 2024Expired
Future Notice Date
Not specified
Award Date
1 Oct 20241 years ago
Contract Period
31 Mar 2025 - 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
MID SUSSEX DISTRICT 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
HAYWARDS HEATH
Postcode
RH16 1SS
Post Town
Redhill
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ28 West Sussex (North East)
Delivery Location
TLJ South East (England)

Local Authority
Mid Sussex
Electoral Ward
Haywards Heath Lucastes & Bolnore
Westminster Constituency
Mid Sussex

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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