Award

BANKING SERVICES FOR SHEFFIELD CITY COUNCIL

SHEFFIELD CITY COUNCIL

This public procurement record has 1 release in its history.

Award

04 Jan 2023 at 18:14

Summary of the contracting process

The Sheffield City Council has awarded a contract for Banking Services to Barclays Bank PLC. The contract, with a value of £490,000, was awarded on June 8, 2022, for a period starting on October 1, 2022, and ending on September 30, 2029. The procurement process was carried out using an open procedure, allowing various organisations to submit tenders until the tender period deadline of April 13, 2022. The contract falls under the "Banking and investment services" category and is located in the Yorkshire and the Humber region of the United Kingdom.

This contract for Banking Services offered by Sheffield City Council presents a valuable business opportunity for financial institutions and service providers in the banking sector. Companies specialising in banking services and investment would be well-suited to compete for this contract. The five-year contract period, with a possible extension of two years, provides stability and growth potential for the selected supplier, offering a secure revenue stream over a significant timeframe. Interested businesses should consider the detailed requirements outlined in the tender documentation to tailor their proposals to meet the council's needs and stand out among competitors.

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Notice Title

BANKING SERVICES FOR SHEFFIELD CITY COUNCIL

Notice Description

Your organisation, along with others, is invited to submit a tender for the Provision of Banking Services for Sheffield City Council for a five-year period starting on 1 October 2022 with an option to extend for an additional two years (a '5+2' contract period).

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b3768b82-c9cf-4ba5-bc9b-b1dbc88d45ee
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5d57d379-89d2-4dc2-b28a-03e23f3813ff
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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

66110000 - Banking services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£490,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Jan 20233 years ago
Submission Deadline
13 Apr 2022Expired
Future Notice Date
Not specified
Award Date
7 Jun 20223 years ago
Contract Period
30 Sep 2022 - 30 Sep 2029 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
SHEFFIELD CITY COUNCIL
Contact Name
Paul Rayton
Contact Email
paul.rayton@sheffield.gov.uk
Contact Phone
+44 114 203 7590

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2HH
Post Town
Sheffield
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
TLE Yorkshire and The Humber

Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

BARCLAYS BANK

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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