Award

General Banking Services

THE ASSOCIATION OF NORTH EAST COUNCILS LIMITED

This public procurement record has 3 releases in its history.

AwardUpdate

05 Mar 2024 at 12:30

Award Notice
Award

05 Mar 2024 at 12:28

Award Notice
Tender

26 Jun 2023 at 10:44

Tender Notice
Summary of the contracting process

The buying organisation, THE ASSOCIATION OF NORTH EAST COUNCILS LIMITED, has awarded a contract for General Banking Services via a selective procurement method. The contract is valued at £288 million GBP and will be in effect from March 14th, 2024, to March 13th, 2032. The tender deadline was on July 21st, 2023, and the contract award date was March 5th, 2024.

This opportunity for General Banking Services offers significant business growth potential for large-scale financial and insurance service providers. The procurement process, which has now reached the award stage, creates opportunities for established banking institutions to collaborate within a multi-supplier Framework Agreement for core transactional banking services and ancillary services. Interested businesses must align with the competitive procedure with negotiation above the threshold and adhere to the specified contract periods and deadlines.

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Notice Information

Notice Title

General Banking Services

Notice Description

NEPO, in collaboration with ESPO and YPO, have established a multi-supplier Framework Agreement for the prevision of General Banking Services. The service will be used to deliver core transactional banking arrangements, providing bank account structures to be used for outgoing payments such as creditor cheques, CHAPS, BACS, direct debits, standing order payments, balance requests, commission charges and associated interest payments. Alongside these core transactional services, the Framework Agreement includes ancillary services which sit outside the core elements of the agreement, such as receipt accounts to receive payments, rent allowance accounts for benefit payments, wage accounts for staff salary payments and petty cash accounts and treasury deposits. Additional information: NEPO is a Central Purchasing Body as defined in the Public Contract Regulations 2015 (PCR15). The agreement will be available for use by all NEPO Members. A list of member organisations is available in the About section of the NEPO website at: www.nepo.org This agreement will also be made available to all current and future NEPO Associate Members. Current Associate Members are listed in the Associate Member section of the NEPO website at: www.nepo.org/associate-membership/list NEPO intends to make the resulting agreement available for use by all Contracting Authorities throughout all administrative regions of the UK (as defined by the Public Contracts Regulations 2015) including but not limited to Government Departments and their Agencies, Non-Departmental Public Bodies, Central Government, NHS Bodies, Local Authorities, Emergency Services, Coastguard Emergency Services, Educational Establishments, Registered Social Landlords and Registered Charities who have a need to purchase the above services. A complete list of permissible users is shown on the NEPO website below: https://www.nepo.org/associate-membership/permissible-users Organisations wishing to access the NEPO agreement will be required to register as a NEPO Associate Member in the first instance. Further information can be found at: www.nepo.org

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-df2f7d34-c001-4cb2-98ac-998a16e8e7a8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/54d6547a-a989-43ec-87bc-7fe7b6062611
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£288,000,000 £100M-£1B
Lots Value
Not specified
Awards Value
£288,000,000 £100M-£1B
Contracts Value
Not specified

Notice Dates

Publication Date
5 Mar 20241 years ago
Submission Deadline
21 Jul 2023Expired
Future Notice Date
Not specified
Award Date
5 Mar 20241 years ago
Contract Period
14 Mar 2024 - 13 Mar 2032 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
THE ASSOCIATION OF NORTH EAST COUNCILS LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GATESHEAD
Postcode
NE8 3DF
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
Not specified
Local Authority
Gateshead
Electoral Ward
Bridges
Westminster Constituency
Gateshead Central and Whickham

Supplier Information

Number of Suppliers
3
Supplier Names

BARCLAYS BANK

LLOYDS BANK PL

NATIONAL WESTMINSTER 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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