Tender

Banking Services

UNIVERSITY OF READING

This public procurement record has 1 release in its history.

Tender

07 Dec 2021 at 16:46

Summary of the contracting process

The University of Reading is seeking offers for banking services through a selective procurement process, identified as IT-53-1724-UOR/PRO/21/026. This contract opportunity falls under the category of financial and insurance services, specifically banking and investment services, with a total estimated value of £750,000. Interested parties must submit their responses by 13 January 2022. The services will be required for the duration of the contract, which commences on 12 April 2022 and will run until 11 April 2037, with services to be delivered at the university's location in Reading, South East England.

This tender presents significant growth potential for financial institutions and banking service providers, particularly those experienced in higher education arrangements and capable of offering integrated banking solutions, including electronic platforms for payments and reporting. Businesses with a strong track record in corporate banking services will find this opportunity particularly relevant, as the University of Reading seeks a partner to manage up to ten bank accounts and provide associated banking services to support its operations and UK subsidiaries.

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Notice Title

Banking Services

Notice Description

The University of Reading has a requirement for the provision of Corporate Banking services in relation to itself and its UK subsidiaries. The University requires a banking service which will include the provision and maintenance of up to 10 bank accounts and banking services associated with higher education banking arrangements, including an electronic banking platform for both domestic and international payment initiation and balance/transaction reporting. Additional information: Please visit www.in-tendhost.co.uk/theuniversityofreading to express interest and download the documents. Delivery Notes Please submit tender response through www.in-tendhost.co.uk/theuniversityofreading Is a Recurrent Procurement Type? : No

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b9902c7b-e9c2-49d4-a95c-abbb369676b0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c64e5714-d2f8-4b73-9fc6-6c5328d127f6
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above threshold)
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

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£750,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
7 Dec 20214 years ago
Submission Deadline
13 Jan 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
12 Apr 2022 - 11 Apr 2037 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF READING
Contact Name
Susie Morse
Contact Email
s.morse@reading.ac.uk
Contact Phone
+44 118 378 8307

Buyer Location

Locality
-
Postcode
RG6 6AB
Post Town
Reading
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ16 Berkshire West
Delivery Location
TLJ South East (England)

Local Authority
Wokingham
Electoral Ward
Maiden Erlegh & Whitegates
Westminster Constituency
Earley and Woodley

Further Information

Notice Documents

Notice URLs

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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