Tender

Banking Services

PENSION PROTECTION FUND

This public procurement record has 1 release in its history.

Tender

11 Oct 2018 at 12:16

Summary of the contracting process

The Pension Protection Fund is conducting a tender for Banking Services, classified under the Banking and investment services category. This procurement is taking place in Croydon, England, and is currently in the Tender stage. The tender was published on 11th October 2018, and submissions are due by 8th November 2018. The contract is set to commence in December 2018/January 2019 and will span an initial period of four years, with a potential extension of up to ten years total. The procurement method being utilised is the open procedure, which is above the threshold.

This tender presents a significant opportunity for established financial institutions and banks looking to expand their portfolio in public sector services. Companies that can provide comprehensive clearing bank services will be particularly well-suited to participate in this process. Given the size of the contract, worth £205,500, firms with the capacity to deliver robust banking solutions over an extended period stand to benefit from a long-term relationship with the Pension Protection Fund.

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Notice Title

Banking Services

Notice Description

The contract for the provision of Banking Services ("The Services") is being tendered by the Board of the Pension Protection PPF ("The PPF") in accordance with the Public Contracts Regulations 2015 under the Open Procedure. The PPF requires a UK clearing bank to provide a full range of clearing bank services. The Contract will commence in December 2018/January 2019 and will be awarded for a period of four years from the Services Commencement Date ("the Initial Contract Term"). The Contract may be extended on the same terms and conditions at the PPF's option for a further period or periods not exceeding six years in total. The maximum duration of the Contract Term will therefore be 10 years from the Services Commencement Date. Additional information: The procurement documents are available for unrestricted and full direct access, free of charge, at https://ppf.bravosolution.co.uk

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-aa395a66-557b-4f9c-9133-cbf56a2bd27a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f03a6cbb-28b0-4ab6-a9db-c8b2b18f376a
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£205,500 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 Oct 20187 years ago
Submission Deadline
8 Nov 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
11 Dec 2018 - 10 Dec 2022 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
PENSION PROTECTION FUND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CROYDON
Postcode
CR0 2NA
Post Town
Croydon
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI62 Croydon
Delivery Location
TLI London

Local Authority
Croydon
Electoral Ward
Fairfield
Westminster Constituency
Croydon West

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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