Award

NU/1247 The Provision of Banking Services

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Award

10 Apr 2017 at 13:07

Summary of the contracting process

The procurement process for "NU/1247 The Provision of Banking Services" was conducted by Newcastle University, located in Newcastle upon Tyne, England. This tender fell under the industry category of banking and investment services and had a total contract value of £225,000. The procurement method was classified as 'Other' and has reached the award stage, with the contract awarded on 28 March 2017. The contract period is set to commence on 1 May 2017 and will run until 30 April 2020. The tender period ended on 17 February 2017.

This tender presents a significant opportunity for large banking institutions and financial service providers to expand their portfolio within the academic sector. Businesses capable of offering innovative and adaptable banking solutions tailored to meet the evolving needs of educational establishments would be well-positioned to compete for similar contracts. Firms with an established reputation for providing comprehensive banking services that can respond to future market changes and user expectations will find this procurement particularly relevant.

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Notice Title

NU/1247 The Provision of Banking Services

Notice Description

The University is seeking to develop efficient and cost-effective arrangements which will be capable of meeting future market and technological changes, and which will meet, and often exceed, user expectations. It is looking for a relationship with a Supplier which it can be confident will fulfil all the University's current and future banking requirements.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ac25bbd1-e658-4e45-9ef2-153f3eb1503f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bcdaaeae-582c-469a-8a0a-1003c8e2c9d6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£220,000 £100K-£500K
Lots Value
Not specified
Awards Value
£225,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
10 Apr 20178 years ago
Submission Deadline
17 Feb 2017Expired
Future Notice Date
Not specified
Award Date
27 Mar 20178 years ago
Contract Period
30 Apr 2017 - 30 Apr 2020 3-4 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
NEWCASTLE UNIVERSITY
Contact Name
Leigh Anderson
Contact Email
leigh.anderson@ncl.ac.uk
Contact Phone
+44 1912228618

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE1 7RU
Post Town
Newcastle upon Tyne
Country
England

Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)

Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
1
Supplier Name

BARCLAYS BANK

Further Information

Notice Documents

Notice URLs

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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