Tender

Contract for the Provision of Banking Services

LONDON BOROUGH OF REDBRIDGE

This public procurement record has 1 release in its history.

Tender

14 Sep 2018 at 13:45

Tender Notice
Summary of the contracting process

The London Borough of Redbridge is issuing a tender for the "Contract for the Provision of Banking Services," which will commence on 1 April 2019 and run until 31 March 2026, with the possibility of extending the contract for up to three additional years. This procurement falls under the services category, specifically classified as "Banking services" (CPV Code: 66110000). The tender process is currently active, with submissions due by 23 October 2018. This is being conducted via an open procurement method, allowing any interested party to submit a bid.

This tender presents an excellent opportunity for banking and financial service providers looking to expand their market presence within local government contracts. Companies that specialise in providing comprehensive banking solutions, including payment processing and financial management, are particularly well-suited to compete for this contract. The successful bidder will have the potential to establish a long-term relationship with a key local authority, promoting sustained business growth and stability.

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Notice Information

Notice Title

Contract for the Provision of Banking Services

Notice Description

The London Borough of Redbridge ("the Authority") invites Tenders for the Contract for The Provision of Banking Services for the London Borough of Redbridge ("the Contract"). The Contract will commence on 1 April 2019 and shall continue up to and including 31 March 2026 (the "Contract Period"). At the sole discretion of the Authority the Contract Period may be extended in such period or periods as the Authority deems appropriate up to a maximum of three (3) years, (in such period or periods as the Authority deems appropriate) basis, providing a possible total Contract Period to midnight on 31 March 2029.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c9303554-cc25-4600-bd76-9490f0dcaefc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8ee19910-7bd3-4c44-8fe5-3e9e13761d7e
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
£2,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
14 Sep 20187 years ago
Submission Deadline
23 Oct 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2019 - 31 Mar 2026 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
LONDON BOROUGH OF REDBRIDGE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
ILFORD
Postcode
IG1 1NN
Post Town
Ilford
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI53 Redbridge and Waltham Forest
Delivery Location
TLI London
Local Authority
Redbridge
Electoral Ward
Ilford Town
Westminster Constituency
Ilford South

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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