Award

Banking Services

DERBYSHIRE DALES DISTRICT COUNCIL

This public procurement record has 1 release in its history.

Award

27 May 2025 at 10:34

Summary of the contracting process

The procurement process is overseen by Derbyshire Dales District Council, aiming to secure Banking Services under the Financial Services & Payments Framework Agreement 2023. This tender falls within the "Banking services" industry category and targets the East Midlands region in the United Kingdom. The process has reached the award stage, with the contract being awarded to Lloyds Bank PLC. The contract is set to run from 1st April 2025 to 31st March 2029 with an initial period of four years and options to extend up to a total of ten years. The procurement method used is selective, executed through a call-off from a framework agreement, which emphasises a streamlined and targeted supplier selection approach. The total estimated contract value over ten years is £150,000, with a minimum value of £128,011.11.

This tender presents significant opportunities for large financial institutions specialising in banking services to solidify their presence in the public sector and expand their portfolio within the UK. Enterprises capable of delivering high-quality, reliable banking services and looking for long-term partnerships would find this contract particularly beneficial. Although small and medium enterprises (SMEs) are eligible, the sizeable scope and requirement for vast resources make it more suitable for larger organisations. The opportunity lies in contributing to public sector efficiencies and potentially leveraging future collaborations with local councils across similar frameworks.

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Notice Title

Banking Services

Notice Description

A contract has been awarded following a call off without reopening competition from the Cost and Procurement Advisory Service (CPRAS) Financial Services & Payments Framework Agreement 2023 (FSPF-01) Lot 2 Banking Services. The initial contract period is four (4) years, with the option to extend for a further three (3) years, and further three (3) years. Total contract period is ten (10) years. The contract value is the total estimated ten (10) year value.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d645f64b-78f0-4e9f-8887-f1a963889565
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2b33d781-a40c-4f4e-8418-824398f38c67
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
£128,011 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
27 May 20259 months ago
Submission Deadline
12 Mar 2025Expired
Future Notice Date
Not specified
Award Date
29 Apr 202510 months ago
Contract Period
31 Mar 2025 - 31 Mar 2029 4-5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
DERBYSHIRE DALES DISTRICT 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
MATLOCK
Postcode
DE4 3NN
Post Town
Derby
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF13 South and West Derbyshire
Delivery Location
TLF East Midlands (England)

Local Authority
Derbyshire Dales
Electoral Ward
Matlock West
Westminster Constituency
Derbyshire Dales

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS BANK

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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