Award

Melton Borough Council Banking Contract

WELLAND PROCUREMENT UNIT

This public procurement record has 1 release in its history.

Award

28 Apr 2020 at 12:49

Summary of the contracting process

The Melton Borough Council, represented by the Welland Procurement Unit, has successfully completed the tender process for a banking contract valued at £45,000. This contract, awarded to HSBC, pertains to banking and investment services and covers the East Midlands region of the United Kingdom. The contract period is set from 1st December 2019 to 30th November 2021. The tender process did not involve advertising, as it fell below the council's threshold of £50,000, and the award notice was published on 28th April 2020.

This banking contract presents a significant opportunity for businesses that specialise in financial services, particularly those capable of providing tailored banking solutions for local government entities. As the awarded contract was awarded without a competitive tendering process, companies looking to expand their portfolio in the public sector may find similar opportunities within non-advertised processes. Businesses equipped to engage with local authorities and meet specific banking requirements will be well-positioned to compete for future contracts of this nature.

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Notice Title

Melton Borough Council Banking Contract

Notice Description

Banking services for Melton Borough Council Additional information: Award notice published for an award in excess of PS25k. The award notice is for a non-advertised process. The contract value is below the Council's tender threshold of PS50k.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b25c6b4b-f4c5-41e9-9608-66b168b65cba
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f6449143-bd89-427e-ab14-6fbb0ffa0d4e
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 - Award without advertising
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
£45,000 Under £100K
Lots Value
Not specified
Awards Value
£45,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
28 Apr 20205 years ago
Submission Deadline
30 Sep 2019Expired
Future Notice Date
Not specified
Award Date
30 Sep 20196 years ago
Contract Period
1 Dec 2019 - 30 Nov 2021 2-3 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
WELLAND PROCUREMENT UNIT
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MELTON MOWBRAY
Postcode
LE13 1GH
Post Town
Leicester
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF22 Leicestershire CC and Rutland
Delivery Location
TLF East Midlands (England)

Local Authority
Melton
Electoral Ward
Melton Warwick
Westminster Constituency
Melton and Syston

Supplier Information

Number of Suppliers
1
Supplier Name

HSBC

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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