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Wakefield Council Banking Services

Wakefield Council

This public procurement record has 2 releases in its history.

Award

28 Sep 2021 at 18:10

Award Notice
Tender

07 Jun 2021 at 14:54

Tender Notice
Summary of the contracting process

The Wakefield Council is currently procuring Banking Services, with a contract value estimated at £325,500 over a planned duration of 7 years. This tender is classified under the Financial and Insurance Services category and is located in Wakefield, United Kingdom. The procurement method is open, and the tender process is at the active stage, following an initial tender period that concluded on 9th July 2021. The initial contract will last for 5 years, with the option of a 2-year extension.

This procurement presents significant opportunities for businesses in the financial services sector, particularly those capable of providing comprehensive banking solutions. Companies that excel in competitive pricing, quality of service, and have experience in local government contracts would be particularly well-suited to compete. Participation in this tender could facilitate business growth not only through direct contract awards but also by fostering relationships with regional authorities like the Wakefield Council, which may lead to additional future contracts.

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Notice Information

Notice Title

Wakefield Council Banking Services

Notice Description

The contract for Banking Services is due to expire at the end of September 2021. Therefore, The Council is seeking to re-procuring this contract to provide a cost effective solution to meet the Council's on-going requirements for the provision of Banking Services. The initial contract will be for 5 years with the option to extend for a further 2 years Estimated value for the contract for the 7 years based on current activity is PS325,000

Lot Information

Lot 1

The contract for Banking Services is due to expire at the end of September 2021. Therefore, The Council is seeking to re-procuring this contract to provide a cost effective solution to meet the Council's on-going requirements for the provision of Banking Services. The initial contract will be for 5 years with the option to extend for a further 2 years Estimated value for the contract for the 7 years based on current activity is PS325,500

Renewal: The initial contract will be for 5 years with the option to extend for a further 2 years (1+1)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02b8fa
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/024139-2021
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender 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

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£325,000 £100K-£500K
Lots Value
£325,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£325,500 £100K-£500K

Notice Dates

Publication Date
28 Sep 20214 years ago
Submission Deadline
9 Jul 2021Expired
Future Notice Date
Not specified
Award Date
28 Sep 20214 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Wakefield Council
Additional Buyers

The Council of The City of Wakefield

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WAKEFIELD
Postcode
WF1 2EB
Postcode Area
Wakefield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE45 Wakefield
Delivery Location
TLE45 Wakefield
Local Authority
Wakefield
Electoral Ward
Wakefield North
Westminster Constituency
Wakefield and Rothwell

Supplier Information

Number of Suppliers
1
Supplier Name

Barclays Bank PLC

Further Information

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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