Award

Banking Services - AWARD

UNIVERSITY OF READING

This public procurement record has 2 releases in its history.

AwardUpdate

18 Jul 2022 at 14:35

Award Notice
Award

18 Jul 2022 at 14:35

Award Notice
Summary of the contracting process

The University of Reading has successfully awarded a tender for Banking Services, classified under the CPV codes for banking and investment services. The procurement process followed a selective method, specifically a restricted procedure. The contract, which has a value of £750,000 and a minimum value of £600,000, is set to run from 12 April 2022 until 11 April 2037. The tendering period was open until 13 January 2022. The services will be provided at various locations, with the buyer based in Reading, South East England, at postal code RG6 6AB.

This awarded contract presents a significant opportunity for businesses specialising in financial services, particularly those offering corporate banking solutions, electronic banking platforms, and related services for higher education institutions. Companies well-suited for participation in future tenders in this domain should focus on those capable of managing multiple banking accounts and providing efficient transaction reporting for both domestic and international clients. Networking with the University of Reading could also yield further business prospects in a sector that increasingly values education and institutional finance solutions.

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Notice Information

Notice Title

Banking Services - AWARD

Notice Description

The University of Reading has a requirement for the provision of Corporate Banking services in relation to itself and its UK subsidiaries. The University requires a banking service which will include the provision and maintenance of up to 10 bank accounts and banking services associated with higher education banking arrangements, including an electronic banking platform for both domestic and international payment initiation and balance/transaction reporting.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-db41bb12-c19a-4e15-b392-983f63a7e2b0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7d28c942-f4b6-4513-8a9b-1b05d3d33860
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£750,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Jul 20223 years ago
Submission Deadline
13 Jan 2022Expired
Future Notice Date
Not specified
Award Date
17 Jul 20223 years ago
Contract Period
11 Apr 2022 - 11 Apr 2037 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
UNIVERSITY OF READING
Contact Name
Susie Morse
Contact Email
s.morse@reading.ac.uk
Contact Phone
+44 118 378 8307

Buyer Location

Locality
-
Postcode
RG6 6AB
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
Wokingham
Electoral Ward
Maiden Erlegh & Whitegates
Westminster Constituency
Earley and Woodley

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS BANKING GROUP

Further Information

Notice Documents

Notice URLs

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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