Award

Cambridgeshire County Council: Banking Services

LGSS ON BEHALF OF CAMBRIDGESHIRE COUNTY COUNCIL

This public procurement record has 2 releases in its history.

Award

06 Mar 2020 at 14:30

Award Notice
Tender

14 Aug 2019 at 07:53

Tender Notice
Summary of the contracting process

The Cambridgeshire County Council is seeking banking services through an open procurement process, with the tender titled "Cambridgeshire County Council: Banking Services." This contract will have an initial duration of five years, starting on 1st March 2020, with potential extensions that could extend it to a maximum of ten years. The estimated annual spending for the services is approximately £50,000, though this may vary based on transaction types and volumes. The deadline for potential providers to submit queries regarding the tender was 3rd September 2019.

This procurement presents significant opportunities for banks and financial service providers looking to expand their portfolio with local government contracts. Companies that can offer comprehensive banking services, including account maintenance and transaction processing, will be well-positioned to compete for this contract. The successful bidder will also need to adapt to evolving digital banking practices, making it an appealing opportunity for tech-savvy institutions eager to provide innovative solutions to local authorities.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Cambridgeshire County Council: Banking Services

Notice Description

Contract for the provision of banking services and associated services for Cambridgeshire County Council. This Contract is for 5 years, with an option to extend for 2 years, followed by a further 2 years followed by a final 1 year (making a maximum contract length of 10 years in total). The contract estimated start date will be 1st March 2020. The current estimated spend for such is PS50,000 per annum. Potential Providers should note that this figure is an estimate and shall fluctuate depending on the numbers, types of transactions and any borrowing that may occur over the life of the agreement. Potential Providers should note that this figure is an estimate and shall fluctuate depending on the numbers, types of transactions and any borrowing that may occur over the life of the agreement. There will be no guarantee of work or volume of work to be given under this contract. The Authority requires a comprehensive money transmission banking service involving maintenance of Council, Pension Fund and school bank accounts, handling of paper, BACS and CHAPS clearing, cash processing and other activities associated with local authority banking business. The Authority will require an internet banking service for balance/transaction reporting and payment initiation. The Authority expects that the way the service is provided during the life of the contract may change as the market and the authority change its working practices and more digital Methods/ processes are adopted for receipts and payments. The Authority is not dividing this contract into lots as they wish to have one banking provider in order to provide economies of scale and ensure consistency within internal processes and contract management of the agreement where this is relevant. The Deadline for Potential Provider's Invitation To Tender clarification questions is Tuesday 3rd September 2019 Additional information: The tender documentation is available on the following tendering portal: https://procontract.due-north.com/Home/About If Providers have any questions then they should utilise the messaging system with the LGSS Procurement Portal to raise any questions.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b65b55bf-d92d-4ec6-bed6-673f99fe5ca6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/51b4f782-a2f4-4256-9f3d-303c601f5e69
Current Stage
Award
All Stages
Tender, 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

Notice Value(s)

Tender Value
£400,000 £100K-£500K
Lots Value
Not specified
Awards Value
£685,845 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
6 Mar 20205 years ago
Submission Deadline
20 Sep 2019Expired
Future Notice Date
Not specified
Award Date
19 Nov 20196 years ago
Contract Period
31 May 2020 - 31 May 2025 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LGSS ON BEHALF OF CAMBRIDGESHIRE COUNTY COUNCIL
Contact Name
Shaun Lay
Contact Email
shaun.lay@cambridgeshire.gov.uk
Contact Phone
+44 1223715354

Buyer Location

Locality
CAMBRIDGE
Postcode
CB3 0AP
Post Town
Cambridge
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH4 Cambridgeshire and Peterborough
Small Region (ITL 3)
TLH42 Cambridgeshire CC
Delivery Location
Not specified
Local Authority
Cambridge
Electoral Ward
Castle
Westminster Constituency
Cambridge

Supplier Information

Number of Suppliers
1
Supplier Name

NATIONAL WESTMINSTER BANK

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-b65b55bf-d92d-4ec6-bed6-673f99fe5ca6-2020-03-06T14:30:26Z",
    "date": "2020-03-06T14:30:26Z",
    "ocid": "ocds-b5fd17-b65b55bf-d92d-4ec6-bed6-673f99fe5ca6",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "LGSS001-DN414158-01843491",
        "title": "Cambridgeshire County Council: Banking Services",
        "description": "Contract for the provision of banking services and associated services for Cambridgeshire County Council. This Contract is for 5 years, with an option to extend for 2 years, followed by a further 2 years followed by a final 1 year (making a maximum contract length of 10 years in total). The contract estimated start date will be 1st March 2020. The current estimated spend for such is PS50,000 per annum. Potential Providers should note that this figure is an estimate and shall fluctuate depending on the numbers, types of transactions and any borrowing that may occur over the life of the agreement. Potential Providers should note that this figure is an estimate and shall fluctuate depending on the numbers, types of transactions and any borrowing that may occur over the life of the agreement. There will be no guarantee of work or volume of work to be given under this contract. The Authority requires a comprehensive money transmission banking service involving maintenance of Council, Pension Fund and school bank accounts, handling of paper, BACS and CHAPS clearing, cash processing and other activities associated with local authority banking business. The Authority will require an internet banking service for balance/transaction reporting and payment initiation. The Authority expects that the way the service is provided during the life of the contract may change as the market and the authority change its working practices and more digital Methods/ processes are adopted for receipts and payments. The Authority is not dividing this contract into lots as they wish to have one banking provider in order to provide economies of scale and ensure consistency within internal processes and contract management of the agreement where this is relevant. The Deadline for Potential Provider's Invitation To Tender clarification questions is Tuesday 3rd September 2019 Additional information: The tender documentation is available on the following tendering portal: https://procontract.due-north.com/Home/About If Providers have any questions then they should utilise the messaging system with the LGSS Procurement Portal to raise any questions.",
        "datePublished": "2019-08-14T08:53:44+01:00",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66100000",
            "description": "Banking and investment services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "East of England",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "East of England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 400000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2019-09-20T23:59:59+01:00"
        },
        "contractPeriod": {
            "startDate": "2020-03-01T00:00:00Z",
            "endDate": "2029-02-28T23:59:59Z"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/5280a0fc-7240-4323-b5d6-975d964cd8cb",
                "datePublished": "2019-08-14T08:53:44+01:00",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "documentType": "tenderNotice",
                "description": "Link to OJEU Advert",
                "url": "https://ted.europa.eu/TED/notice/udl?uri=TED:NOTICE:385316-2019:TEXT:EN:HTML"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-CFS-81141",
            "name": "LGSS on behalf of Cambridgeshire County Council",
            "identifier": {
                "legalName": "LGSS on behalf of Cambridgeshire County Council"
            },
            "address": {
                "streetAddress": "Shire Hall, Castle Hill",
                "locality": "Cambridge",
                "postalCode": "CB3 0AP",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Shaun Lay",
                "email": "shaun.lay@cambridgeshire.gov.uk",
                "telephone": "+44 1223715354"
            },
            "details": {
                "url": "https://www.lgss.co.uk/about/"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-139149",
            "name": "National Westminster Bank plc",
            "identifier": {
                "legalName": "National Westminster Bank plc"
            },
            "address": {
                "streetAddress": "NatWest Commercial & Private Banking, Floor 1, 300 Silbury Boulevard, Silbury House, Milton Keynes, MK9 2AZ"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-81141",
        "name": "LGSS on behalf of Cambridgeshire County Council"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-b65b55bf-d92d-4ec6-bed6-673f99fe5ca6-1",
            "status": "active",
            "date": "2019-11-19T00:00:00Z",
            "datePublished": "2020-03-06T00:00:00Z",
            "value": {
                "amount": 685845,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-139149",
                    "name": "National Westminster Bank plc"
                }
            ],
            "contractPeriod": {
                "startDate": "2020-06-01T00:00:00+01:00",
                "endDate": "2025-05-31T23:59:59+01:00"
            },
            "description": "Contract is for 5 years with option to extend for 5 more years.",
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/51b4f782-a2f4-4256-9f3d-303c601f5e69",
                    "datePublished": "2020-03-06T00:00:00Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}