Award

RUGCON - Banking Contract 2025 - 2035

RUGBY BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

23 Apr 2025 at 16:59

Award Notice
Summary of the contracting process

The public procurement contract titled "RUGCON - Banking Contract 2025 - 2035" was facilitated by Rugby Borough Council, based in Rugby, England. This procurement falls under the industry category of banking and treasury services, with a focus on the West Midlands region of the United Kingdom. The procurement process involved a direct award to Lloyds Banking Group, marking the process as complete with the award being active as of 20th February 2025. The tender was initiated as a tender process with a significant contract period from 1st March 2025 to 28th February 2030. This procurement catered to services, with key dates including the tender period end date on 6th November 2024, and the award published on 23rd April 2025.

This tender represents a notable opportunity for businesses looking to establish a footing in the financial services sector, particularly those suited to providing comprehensive banking and treasury services. Large-scale businesses such as Lloyds Banking Group, which has already been awarded this contract, demonstrate the type of organisations that are well-positioned to compete in such processes. The opportunity is highly relevant for firms capable of delivering extensive banking solutions within the specified geographic location. With Rugby Borough Council prioritising direct awards, businesses which can offer specialised services might find advantageous growth prospects in future similar tenders, especially those open to small and medium enterprises (SMEs) as indicated in this contracting process.

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Notice Information

Notice Title

RUGCON - Banking Contract 2025 - 2035

Notice Description

Banking Services.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d0a32ebd-1686-409a-bed0-1d9019b8a526
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/46d795ed-ac60-4dc6-8a8c-39314d6049c7
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Direct Award
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

66600000 - Treasury services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£168,971 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
23 Apr 202510 months ago
Submission Deadline
6 Nov 2024Expired
Future Notice Date
Not specified
Award Date
20 Feb 20251 years ago
Contract Period
1 Mar 2025 - 28 Feb 2030 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
RUGBY 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
RUGBY
Postcode
CV21 2RR
Post Town
Coventry
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG1 Herefordshire, Worcestershire and Warwickshire
Small Region (ITL 3)
TLG13 Warwickshire CC
Delivery Location
TLG West Midlands (England)
Local Authority
Rugby
Electoral Ward
Benn
Westminster Constituency
Rugby

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS BANKING GROUP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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