Award

DA from NEPO531 FW for General Banking Services

STOCKTON BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

11 Feb 2025 at 11:22

Award Notice
Summary of the contracting process

Stockton Borough Council has awarded a contract for general banking services to National Westminster Bank plc. This procurement falls under the banking services category (CPV code: 66110000) and pertains to the North East region of the United Kingdom. The procurement stage is complete, and the contract has been awarded as of 3rd December 2024, with the contract period starting on 4th December 2024 and ending on 3rd December 2028. The total contract value amounts to £323,431.2 GBP, and the procurement method utilised was a direct award.

This tender represents substantial growth opportunities for businesses specialising in banking services. Small and medium-sized enterprises (SMEs) should particularly note this opportunity, as the procurement was deemed suitable for SMEs, although not for voluntary, community, and social enterprises (VCSEs). The four-year contract duration provides a stable engagement period for the supplier to expand their portfolio and strengthen their market position within the public sector.

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Notice Information

Notice Title

DA from NEPO531 FW for General Banking Services

Notice Description

General Banking Services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-fd3e0a69-478b-455a-b006-dcf6e288db60
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c525088c-a508-467f-bcb9-8500a346f6d0
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
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
£323,431 £100K-£500K
Lots Value
Not specified
Awards Value
£323,431 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Feb 20251 years ago
Submission Deadline
3 Dec 2024Expired
Future Notice Date
Not specified
Award Date
3 Dec 20241 years ago
Contract Period
4 Dec 2024 - 3 Dec 2028 4-5 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
STOCKTON BOROUGH 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
STOCKTON-ON-TEES
Postcode
TS18 1LD
Post Town
Cleveland
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC3 Tees Valley
Small Region (ITL 3)
TLC31 Hartlepool and Stockton-on-Tees
Delivery Location
TLC North East (England)
Local Authority
Stockton-on-Tees
Electoral Ward
Newtown
Westminster Constituency
Stockton North

Supplier Information

Number of Suppliers
1
Supplier Name

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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