Award

Local Authority Banking Services Contract

PETERBOROUGH CITY COUNCIL

This public procurement record has 1 release in its history.

Award

14 Apr 2025 at 07:52

Summary of the contracting process

Peterborough City Council has completed the contracting process for a Local Authority Banking Services Contract, classified under banking services (CPV code 66110000). The tender, which followed a direct award procurement method, was valued at £91,856 and contractually awarded to Barclays Bank Plc. The service delivery is set to commence on 1st December 2024 and will run until 30th November 2026. The procurement stage is now at the 'Award' phase, with the contract officially published on 15th November 2024. Key regions involved include Peterborough, England.

This procurement offers substantial growth opportunities for companies specialising in banking services, especially those capable of providing efficient and reliable financial solutions to local authorities. Businesses that qualify as small and medium-sized enterprises (SMEs) are particularly well-suited for such contracts. Peterborough City Council's engagement in this process demonstrates their commitment to partnering with proficient service providers to streamline their financial operations, thereby creating a steady demand for specialised banking services. Competing in similar tenders can enhance a business's portfolio and credibility within the public sector marketplace.

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Notice Title

Local Authority Banking Services Contract

Notice Description

Banking Services Contract

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b380d8c1-afbd-4acc-b45a-426fa3f78e95
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/60c5debd-2635-4bec-a597-71f12999be37
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£91,856 Under £100K
Lots Value
Not specified
Awards Value
£91,856 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Apr 202510 months ago
Submission Deadline
1 Nov 2024Expired
Future Notice Date
Not specified
Award Date
15 Nov 20241 years ago
Contract Period
1 Dec 2024 - 30 Nov 2026 1-2 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
PETERBOROUGH CITY 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
PETERBOROUGH
Postcode
PE2 8TY
Post Town
Peterborough
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH4 Cambridgeshire and Peterborough
Small Region (ITL 3)
TLH41 Peterborough
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
Peterborough
Electoral Ward
Fletton and Stanground
Westminster Constituency
North West Cambridgeshire

Supplier Information

Number of Suppliers
1
Supplier Name

BARCLAYS BANK

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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