Tender

Corporate Banking and Merchant Services

TUNBRIDGE WELLS BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Tender

24 Nov 2021 at 17:37

Tender Notice
Summary of the contracting process

Tunbridge Wells Borough Council is initiating a tender process for "Corporate Banking and Merchant Services," with a focus on the banking services industry. The contract will commence on 1st April 2022, lasting for an initial term of five years, with a possible extension of up to 60 months. The tender was released on 24th November 2021, with a deadline for expressions of interest set for 12:00pm on 22nd December 2021, followed by the final submission deadline for completed tenders on 12:00pm 7th January 2022. Evaluations are scheduled for the week commencing 10th January 2022, leading to the appointment of a contractor by the week commencing 17th January 2022.

This tender presents a significant opportunity for established banking service providers looking to expand their portfolio in a municipal contract. Companies specialising in corporate banking solutions and card merchant services, excluding investment services, would be well-suited to compete. With a minimum contract value of £600,000 and a total anticipated value of £700,000, businesses in this sector can strategically position themselves to enhance their growth by securing this contract.

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

Corporate Banking and Merchant Services

Notice Description

Tunbridge Wells Borough Council (TWBC) is looking to award a contract for corporate banking and card merchant services (excluding investment services). This contract term will be an initial 5-year term. The Council would reserve the right to extend this contract for a period of up to 60 months at the end of the initial 5-year contract term. The anticipated service commencement date is 1st April 2022. Tender release: Wednesday 24th November 2021 Expression of Interest Deadline: 12:00pm Wednesday 22nd December 2021 Deadline for submission of completed tenders: 12:00pm Friday 7th January 2022 Evaluation: w/c Monday 10th January 2022 Appointment of contractor: w/c Monday 17th January 2022 Mandatory 10 day standstill period: 17th - 27th January 2022 All expressions of interest, and subsequent communications or proposal submissions, must be made via the Kent Business Portal: www.kentbusinessportal.org.uk

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c3284472-c893-4712-9944-4583eca4cf80
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9f62a7cb-ed3e-4bb6-b303-0e31b24104ec
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

Notice Value(s)

Tender Value
£700,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 Nov 20214 years ago
Submission Deadline
22 Dec 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2022 - 31 Mar 2027 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
TUNBRIDGE WELLS BOROUGH 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
TUNBRIDGE WELLS
Postcode
TN1 1RS
Post Town
Tonbridge
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ4 Kent
Small Region (ITL 3)
TLJ46 West Kent
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
Tunbridge Wells
Electoral Ward
Park
Westminster Constituency
Tunbridge Wells

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-c3284472-c893-4712-9944-4583eca4cf80-2021-11-24T17:37:59Z",
    "date": "2021-11-24T17:37:59Z",
    "ocid": "ocds-b5fd17-c3284472-c893-4712-9944-4583eca4cf80",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "KBPTWBC001-DN584006-83647400",
        "title": "Corporate Banking and Merchant Services",
        "description": "Tunbridge Wells Borough Council (TWBC) is looking to award a contract for corporate banking and card merchant services (excluding investment services). This contract term will be an initial 5-year term. The Council would reserve the right to extend this contract for a period of up to 60 months at the end of the initial 5-year contract term. The anticipated service commencement date is 1st April 2022. Tender release: Wednesday 24th November 2021 Expression of Interest Deadline: 12:00pm Wednesday 22nd December 2021 Deadline for submission of completed tenders: 12:00pm Friday 7th January 2022 Evaluation: w/c Monday 10th January 2022 Appointment of contractor: w/c Monday 17th January 2022 Mandatory 10 day standstill period: 17th - 27th January 2022 All expressions of interest, and subsequent communications or proposal submissions, must be made via the Kent Business Portal: www.kentbusinessportal.org.uk",
        "datePublished": "2021-11-24T17:37:59Z",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66110000",
            "description": "Banking services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "minValue": {
            "amount": 600000,
            "currency": "GBP"
        },
        "value": {
            "amount": 700000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2021-12-22T12:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2022-04-01T00:00:00+01:00",
            "endDate": "2027-03-31T23:59:59+01:00"
        },
        "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/9f62a7cb-ed3e-4bb6-b303-0e31b24104ec",
                "datePublished": "2021-11-24T17:37:59Z",
                "format": "text/html",
                "language": "en"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-CFS-58244",
            "name": "Tunbridge Wells Borough Council",
            "identifier": {
                "legalName": "Tunbridge Wells Borough Council"
            },
            "address": {
                "streetAddress": "Town Hall",
                "locality": "Tunbridge Wells",
                "postalCode": "TN1 1RS",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Dan Hutchins",
                "email": "dan.hutchins@tunbridgewells.gov.uk",
                "telephone": "+44 1892526121"
            },
            "details": {
                "url": "http://www.tunbridgewells.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-58244",
        "name": "Tunbridge Wells Borough Council"
    }
}