Award

Banking Services and Merchant Acquiring Services

WEST LANCASHIRE BOROUGH COUNCIL

This public procurement record has 2 releases in its history.

Award

31 Jan 2019 at 10:45

Tender

30 Jul 2018 at 11:23

Summary of the contracting process

West Lancashire Borough Council is currently engaged in the procurement process for Banking Services and Merchant Acquiring Services. This tender is structured in two Lots, with the contract for Banking services set to commence on April 1st, 2019, and Merchant Acquiring services expected to initiate no later than November 19th, 2018. The tender period concluded on August 31st, 2018. Located in the North West of England, the council operates an open procurement method, inviting a variety of service providers to compete for these contracts, which are intended to last for up to seven years for Lot 1 and three years for Lot 2, with potential extensions available.

This procurement presents a significant opportunity for growth, particularly for financial institutions and service providers specialising in banking and transaction processing. Suppliers capable of delivering tailored banking solutions or advanced merchant acquiring services would be well-suited to compete in this tender. Companies looking to expand their reach in the public sector, particularly those with experience in long-term service contracts and a robust support framework, can find valuable prospects in this engagement with West Lancashire Borough Council.

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Notice Title

Banking Services and Merchant Acquiring Services

Notice Description

West Lancashire Borough Council is undertaking a review of its current banking and merchant acquiring arrangements and is inviting potential service providers to tender for new contracts to commence as follows: Banking: April 1st, 2019. Merchant Acquiring: no later than November 19th, 2018 The tender is divided into two Lots. The Council is willing to consider bids from separate suppliers of banking and merchant acquiring services and tenderers are invited to bid for either or both of these Lots. The new contracts will have the following durations: Lot 1: Banking: an initial period of 7 years, with the option to renew for a further 3 years. Lot 2: Merchant Acquiring: an initial period of 3 years, with the option to renew for a further 2 years. Additional information: Tender Documents can be downloaded from The Chest portal at www.the-chest.org.uk

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ecbe774b-c3c8-4f5b-9ba7-1bf749177df4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/eba4b740-eaea-4aec-b03b-8416807010b2
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66110000 - Banking services

66172000 - Financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
31 Jan 20197 years ago
Submission Deadline
31 Aug 2018Expired
Future Notice Date
Not specified
Award Date
19 Nov 20187 years ago
Contract Period
31 Mar 2019 - 31 Mar 2026 Over 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
WEST LANCASHIRE BOROUGH COUNCIL
Contact Name
Neale Walker
Contact Email
neale.walker@westlancs.gov.uk
Contact Phone
+44 1695585022

Buyer Location

Locality
ORMSKIRK
Postcode
L39 2DF
Post Town
Liverpool
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD4 Lancashire
Small Region (ITL 3)
TLD47 Chorley and West Lancashire
Delivery Location
TLD North West (England)

Local Authority
West Lancashire
Electoral Ward
Ormskirk West
Westminster Constituency
West Lancashire

Supplier Information

Number of Suppliers
2
Supplier Names

LLOYDS BANK CARDNET

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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