Award

Banking Services

WYRE COUNCIL

This public procurement record has 1 release in its history.

Award

11 Nov 2024 at 09:34

Summary of the contracting process

Wyre Council has completed a procurement process to secure banking services through a mini competition on the CPRAS Financial Services Framework. The procurement process, which was planned to cover a period starting on 1st December 2024 and ending on 30th November 2026, involved a selective method of procurement in the form of a call-off from a framework agreement. The total contract value amounted to £38,000, with services being provided by Natwest PLC. The relevant industry category for this tender is banking services, and operations are located primarily in Wyre Council’s jurisdiction, specifically near FY6 7PU. Notable dates include the end of the tender period on 7th October 2024 and the contract award date on 11th October 2024.

This tender presents a significant opportunity for businesses specialising in financial and banking services. The framework agreement approach indicates potential for further opportunities within the duration of the contract, providing consistent business operations and growth over the next two years, with an optional extension for an additional year. Small to medium-sized enterprises (SMEs) were deemed suitable for participation, suggesting that competitive, agile businesses with a strong foundation in financial services could leverage this contract to expand their client base and enhance their economic footprint. Large enterprises like Natwest PLC that have secured this contract demonstrate the competitive landscape and the high standards required to win such tenders.

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Notice Title

Banking Services

Notice Description

The council undertook a mini competition through the CPRAS Financial Services Framework for banking services on a two year agreement with the optional extension of one year.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ea06d98e-cbb9-4c80-b8b1-0b59da96c473
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c83cfb1f-c407-4cfd-963c-33ec5211ccea
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
£40,000 Under £100K
Lots Value
Not specified
Awards Value
£38,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Nov 20241 years ago
Submission Deadline
7 Oct 2024Expired
Future Notice Date
Not specified
Award Date
10 Oct 20241 years ago
Contract Period
1 Dec 2024 - 30 Nov 2026 1-2 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
WYRE COUNCIL
Contact Name
Ben McCabe
Contact Email
ben.mccabe@wyre.gov.uk
Contact Phone
01253 887313 ext 7313

Buyer Location

Locality
POULTON-LE-FYLDE
Postcode
FY6 7PU
Post Town
Blackpool
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD4 Lancashire
Small Region (ITL 3)
TLD44 Lancaster and Wyre
Delivery Location
Not specified

Local Authority
Wyre
Electoral Ward
Breck
Westminster Constituency
Fylde

Supplier Information

Number of Suppliers
1
Supplier Name

NATWEST

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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