Tender

Banking Services

WEST BERKSHIRE

This public procurement record has 1 release in its history.

Tender

28 Nov 2019 at 10:56

Summary of the contracting process

The procurement process involves West Berkshire Council seeking tender proposals for comprehensive banking services, including the management of Council and school bank accounts, cash processing, and internet banking services. The total contract value is £400,000, with the anticipated service commencement date set for 1st April 2020. This open procedure tender will close for submissions on 3rd January 2020, and the contract duration is initially 5 years, with a potential extension of up to 10 years. The service is classified under CPV code 66110000 for banking services.

This tender presents a significant opportunity for businesses specialising in financial services, particularly those with capabilities in managing banking operations for public entities. Financial institutions and fintech companies that can offer innovative internet banking solutions, cash processing alternatives, and comprehensive customer service would be well-positioned to compete effectively. Engaging in this contract may support business growth through sustained partnerships with local government initiatives.

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Notice Title

Banking Services

Notice Description

The Council requires a comprehensive money transmission banking service involving maintenance of Council and school bank accounts, handling of paper, BACS and CHAPS clearing, cash processing and other activities associated with local authority banking business. The Council and schools will require an internet banking service for balance/transaction reporting and payment initiation. The Council proposes to enter into one Contract for a period of 5 years. The Council will require the option to extend the contract for a further 5 years making the maximum contract period 10 years. The anticipated service commencement date is 1st April 2020 Additional information: Register interest at https://in-tendhost.co.uk/westberks/aspx/Home Is a Recurrent Procurement Type? : No

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cbb8f62d-5ee0-4782-93d5-bf5ff360406a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5c32fbdc-ad2b-40f6-9482-2ec4d4e09915
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 (above threshold)
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
£400,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
28 Nov 20196 years ago
Submission Deadline
3 Jan 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2020 - 31 Mar 2025 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
WEST BERKSHIRE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWBURY
Postcode
RG14 5LD
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
West Berkshire
Electoral Ward
Newbury Central
Westminster Constituency
Newbury

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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