Award

General Banking Services

SUNDERLAND CITY COUNCIL

This public procurement record has 1 release in its history.

Award

03 Oct 2024 at 08:22

Award Notice
Summary of the contracting process

Sunderland City Council has completed a procurement process for General Banking Services in the financial services industry. This selective procurement was a call-off from a framework agreement and concluded with an award on 1 October 2024. The services, valued at £255,263.20, will be provided by Natwest and are scheduled to start from 1 October 2024 and continue until 13 March 2028. The procurement process covered the North East region of the United Kingdom, with key contract dates including a tender end date on 30 September 2024.

This tender provides substantial opportunities for businesses within the banking services sector, particularly those capable of fulfilling the needs of a large scale, established local authority such as Sunderland City Council. Small and medium-sized enterprises (SMEs) were considered suitable for this tender, although the contract was ultimately awarded to a large supplier. Companies aiming to enhance their presence in the public sector or expand their service offerings within the North East region could find similar tenders beneficial for business growth and strategic partnerships.

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Notice Information

Notice Title

General Banking Services

Notice Description

General Banking Services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f8e76600-54d7-4a98-8d6b-bf11f525ec18
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4ad463bd-f13b-43cf-b98f-178c5acf05b8
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
£255,263 £100K-£500K
Lots Value
Not specified
Awards Value
£255,263 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Oct 20241 years ago
Submission Deadline
30 Sep 2024Expired
Future Notice Date
Not specified
Award Date
30 Sep 20241 years ago
Contract Period
30 Sep 2024 - 13 Mar 2028 3-4 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
SUNDERLAND 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
SUNDERLAND
Postcode
SR1 3AA
Post Town
Sunderland
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC44 Sunderland
Delivery Location
TLC North East (England)
Local Authority
Sunderland
Electoral Ward
Millfield
Westminster Constituency
Sunderland Central

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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