Tender

Wakefield Council Banking Services

WAKEFIELD COUNCIL

This public procurement record has 1 release in its history.

Tender

09 Jun 2021 at 13:01

Summary of the contracting process

The Wakefield Council is seeking to procure Banking Services, with the current contract set to expire at the end of September 2021. This tender is classified under financial and insurance services and falls within the services procurement category. The tender period is open until 12:00 on 9th July 2021. Interested parties may bid for a contract estimated at £325,000 for a duration of five years, with an additional two-year extension option possible, commencing from 1st October 2021. The procurement method is an open procedure.

This procurement presents significant opportunities for businesses in the financial services sector, particularly those specialising in banking and insurance solutions. Companies that can deliver cost-effective services to meet ongoing operational requirements are well-suited for this tender. The length of the contract and the potential for extension further indicate a stable partnership opportunity for bidders looking to establish a long-term relationship with Wakefield Council.

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Notice Title

Wakefield Council Banking Services

Notice Description

The contract for Banking Services is due to expire at the end of September 2021. Therefore, The Council is seeking to re-procure this contract to provide a cost effective solution to meet the Council's on-going requirements for the provision of Banking Services. The initial contract will be for 5 years with the option to extend for a further 2 years Estimated value for the contract for the 7 years based on current activity is PS325,000

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e2c0268e-fa36-4daf-a229-2b022dd4d008
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6c439bd0-b8dd-4024-b05f-005666037d36
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
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

Notice Value(s)

Tender Value
£325,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
9 Jun 20214 years ago
Submission Deadline
9 Jul 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Sep 2021 - 1 Oct 2026 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
WAKEFIELD COUNCIL
Contact Name
Shivam Handa
Contact Email
shanda@wakefield.gov.uk
Contact Phone
+44 1924306781

Buyer Location

Locality
WAKEFIELD
Postcode
WF1 2EB
Post Town
Wakefield
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE45 Wakefield
Delivery Location
TLE Yorkshire and The Humber

Local Authority
Wakefield
Electoral Ward
Wakefield North
Westminster Constituency
Wakefield and Rothwell

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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