Planning

Banking Services re-tender

METROPOLITAN POLICE SERVICE

This public procurement record has 1 release in its history.

Planning

25 Mar 2021 at 12:29

Market Engagement Notice
Summary of the contracting process

The Metropolitan Police Service is currently in the planning stage of a procurement process for "Banking Services re-tender," aimed at securing financial and insurance services. This preliminary market engagement exercise has been initiated to gather insights into available banking solutions that can meet the needs of the Authority, which includes managing around 100 bank accounts. The engagement end date is set for 14 April 2021. Interested suppliers can access further details and respond to the tender through the Coupa platform.

This tender presents an opportunity for businesses specialising in banking solutions, particularly those with a strong presence in London, to engage with a major public sector client. Companies offering innovative and flexible banking services, including virtual account management and multi-currency capabilities, would be particularly well-suited to compete. As the Metropolitan Police Service seeks to modernise its banking operations, this is an excellent chance for relevant businesses to expand their portfolios within the public sector.

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

Banking Services re-tender

Notice Description

This is not a procurement or an invitation to submit bids at this stage. The Authority are undertaking a preliminary market engagement exercise to establish interest and solutions that are currently available in the marketplace for Banking Solutions. Background Information The Authority currently has two main bank accounts 1) Fund Main Supply Account and 2) Fund Drawing Account. In addition to the main accounts approximately 100 bank accounts will be required by divisions and operational departments. Most of these accounts are operated on an imprest basis and are funded periodically. Bank accounts are also maintained for holding significant balances on behalf of third parties. As a minimum, for the Third Party Monies accounts, the Authority requires a virtual account solution that has the following functionality: * the ability to hold funds in Sterling, Euros and US dollars * simple desktop opening/closing of bank accounts * production of bank statements for individual account holders that are identical to standard bank statements (i.e. the statements must refer to the bank and the individual account holder, including both their name and their POCA reference, and not MOPAC or the MPS). There is a requirement for there to be a large London presence across the Metropolitan Police District to enable money to be deposited. Please use this link to access Coupa and respond to the PIN. https://supplier.coupahost.com/quotes/public_events?customer=metpolice

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b8a5aa92-5074-4167-8262-ee1470029ab7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a08fede7-735e-4ea9-81b9-091d8fa08527
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Market Engagement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
25 Mar 20214 years ago
Submission Deadline
Not specified
Future Notice Date
14 Apr 2021Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
METROPOLITAN POLICE SERVICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
W1S 2EX
Post Town
West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
Westminster
Electoral Ward
West End
Westminster Constituency
Cities of London and Westminster

Further Information

Notice Documents

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-b8a5aa92-5074-4167-8262-ee1470029ab7-2021-03-25T12:29:12Z",
    "date": "2021-03-25T12:29:12Z",
    "ocid": "ocds-b5fd17-b8a5aa92-5074-4167-8262-ee1470029ab7",
    "language": "en",
    "initiationType": "tender",
    "title": "Banking Services re-tender",
    "planning": {
        "milestones": [
            {
                "id": "1",
                "title": "Engagement end date",
                "type": "engagement",
                "dueDate": "2021-04-14T23:59:59+01:00"
            }
        ],
        "documents": [
            {
                "id": "1",
                "documentType": "marketEngagementNotice",
                "description": "Early engagement notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/a08fede7-735e-4ea9-81b9-091d8fa08527",
                "datePublished": "2021-03-25T12:29:12Z",
                "format": "text/html",
                "language": "en"
            }
        ]
    },
    "tender": {
        "id": "MET POLICE__COUPA EVENT #95",
        "title": "Banking Services re-tender",
        "description": "This is not a procurement or an invitation to submit bids at this stage. The Authority are undertaking a preliminary market engagement exercise to establish interest and solutions that are currently available in the marketplace for Banking Solutions. Background Information The Authority currently has two main bank accounts 1) Fund Main Supply Account and 2) Fund Drawing Account. In addition to the main accounts approximately 100 bank accounts will be required by divisions and operational departments. Most of these accounts are operated on an imprest basis and are funded periodically. Bank accounts are also maintained for holding significant balances on behalf of third parties. As a minimum, for the Third Party Monies accounts, the Authority requires a virtual account solution that has the following functionality: * the ability to hold funds in Sterling, Euros and US dollars * simple desktop opening/closing of bank accounts * production of bank statements for individual account holders that are identical to standard bank statements (i.e. the statements must refer to the bank and the individual account holder, including both their name and their POCA reference, and not MOPAC or the MPS). There is a requirement for there to be a large London presence across the Metropolitan Police District to enable money to be deposited. Please use this link to access Coupa and respond to the PIN. https://supplier.coupahost.com/quotes/public_events?customer=metpolice",
        "status": "planning",
        "classification": {
            "scheme": "CPV",
            "id": "66000000",
            "description": "Financial and insurance services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "suitability": {
            "sme": false,
            "vcse": false
        }
    },
    "parties": [
        {
            "id": "GB-CFS-166642",
            "name": "Metropolitan Police Service",
            "identifier": {
                "legalName": "Metropolitan Police Service"
            },
            "address": {
                "streetAddress": "West End Central Police Station",
                "locality": "LONDON",
                "postalCode": "W1S2EX",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Hannah Lloyd",
                "email": "Hannah.Lloyd@met.police.uk",
                "telephone": "020 7161 1550"
            },
            "details": {
                "url": "https://supplier.coupahost.com/quotes/public_events?customer=metpolice"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-166642",
        "name": "Metropolitan Police Service"
    }
}