Tender

Banking Services

WINCHESTER CITY COUNCIL

This public procurement record has 1 release in its history.

Tender

22 Jul 2020 at 16:02

Tender Notice
Summary of the contracting process

Winchester City Council is currently inviting tenders for the provision of banking services in the United Kingdom, specifically under the category of financial services. The procurement process is in the tender stage, with a deadline for submissions set for 24th August 2020. The contract is expected to commence on 1st April 2021 and run until 31st March 2026, with an option for a three-year extension. The total contract value is £246,400 with a minimum threshold of £140,000. The procurement method utilised is the open procedure.

This tender presents a significant opportunity for financial institutions and banking service providers looking to expand their services in the public sector. Companies that can offer comprehensive banking solutions, including general money transmission services, access to UK clearing systems, and internet banking capabilities, would be particularly well-suited to compete. This contract not only allows for long-term engagement with a local authority but also offers potential for future growth through service extensions.

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Notice Information

Notice Title

Banking Services

Notice Description

Winchester City Council ("The Council") is inviting tenders for the provision of banking services. The contract required is for general money transmission banking services and includes maintenance of Council bank accounts, access to Faster Payments, BACS, and CHAPS payments. Paper clearing as well as cash handling. Internet banking service will be required for balance/transaction review and reporting and for payment initiation. The Commencement Date for the Contract is 1 April 2021, and the Contract shall terminate on 31 March 2026. The Council will require the option to extend the contract for another three years (i.e. up until 31 March 2029). Prospective Tenderers must be authorised to act as a bank in the UK and provide access to UK clearing systems. The Council may seek documentary evidence appropriate to Financial Conduct Authority (or equivalent) registration during the selection / evaluation process. Please see the tender documents for full details on selection and evaluation procedures. The Council is utilising an electronic tendering tool to manage this procurement and communicate with Tenderers. Accordingly, there will be no hard copy documents issued to Tenderers and all communications with the Council, including the submission of Tenderers' Responses, will be conducted via the Complete Tender Management system (CTM), which can be accessed using the following link: https://uk.eu-supply.com/login.asp?B=WCC To register on CTM, please see Additional Details below.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bfc71b8f-71bd-4402-88b5-794e38a7a7e8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/791dad4b-6b12-420e-bb5c-57b3c94e97ca
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

66172000 - Financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£246,400 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
22 Jul 20205 years ago
Submission Deadline
24 Aug 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2021 - 31 Mar 2029 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
WINCHESTER 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
COLBROOK STREET, WINCHESTER
Postcode
SO23 9LJ
Post Town
Southampton
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ36 Central Hampshire
Delivery Location
Not specified
Local Authority
Winchester
Electoral Ward
St Michael
Westminster Constituency
Winchester

Further Information

Notice Documents

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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