Award

Banking Services

WINCHESTER CITY COUNCIL

This public procurement record has 1 release in its history.

Award

20 Dec 2020 at 16:30

Award Notice
Summary of the contracting process

Winchester City Council is inviting tenders for the provision of banking services, with the contract titled "Banking Services." This procurement falls under the banking services industry category, and is located in Winchester, England. The procurement is currently in the award stage, with a contract commencement date set for 1 April 2021 and a termination date of 31 March 2026, including an option for extension until 31 March 2029. The tender period concluded on 24 August 2020, and the overall contract value is approximately £246,400. The procurement method employed is an open procedure.

This tender presents significant opportunities for growth, particularly for banks and financial institutions authorised to operate in the UK and capable of providing access to clearing systems. Businesses with expertise in money transmission banking services, including BACS, CHAPS payments, and internet banking solutions for transaction handling, would be well-suited to compete. Companies should be prepared to furnish evidence of Financial Conduct Authority registration during the selection and evaluation process, as this is essential for eligibility.

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Notice Information

Notice Title

Banking Services

Notice Description

Winchester City Council ("The Council") is inviting tenders for the provision of banking services. The contract required is for general money transmission banking services and includes maintenance of Council bank accounts, access to Faster Payments, BACS, and CHAPS payments. Paper clearing as well as cash handling. Internet banking service will be required for balance/transaction review and reporting and for payment initiation. The Commencement Date for the Contract is 1 April 2021, and the Contract shall terminate on 31 March 2026. The Council will require the option to extend the contract for another three years (i.e. up until 31 March 2029). Prospective Tenderers must be authorised to act as a bank in the UK and provide access to UK clearing systems. The Council may seek documentary evidence appropriate to Financial Conduct Authority (or equivalent) registration during the selection / evaluation process. Please see the tender documents for full details on selection and evaluation procedures. The Council is utilising an electronic tendering tool to manage this procurement and communicate with Tenderers. Accordingly, there will be no hard copy documents issued to Tenderers and all communications with the Council, including the submission of Tenderers' Responses, will be conducted via the Complete Tender Management system (CTM), which can be accessed using the following link: https://uk.eu-supply.com/login.asp?B=WCC To register on CTM, please see Additional Details below.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ef04a9e9-8d82-4412-8b3e-0ec52bcb9255
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/50236688-727b-4711-ab14-fc988920708a
Current Stage
Award
All Stages
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
£246,400 £100K-£500K
Lots Value
Not specified
Awards Value
£146,343 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Dec 20205 years ago
Submission Deadline
24 Aug 2020Expired
Future Notice Date
Not specified
Award Date
19 Nov 20205 years ago
Contract Period
31 Mar 2021 - 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
WINCHESTER CITY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
COLEBROOK STREET, WINCHESTER
Postcode
SO23 9LJ
Post Town
Southampton
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ36 Central Hampshire
Delivery Location
Not specified
Local Authority
Winchester
Electoral Ward
St Michael
Westminster Constituency
Winchester

Supplier Information

Number of Suppliers
1
Supplier Name

ROYAL BANK OF SCOTLAND (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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