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ID 3151653 Banking Services for the NICS and Public Sector Bodies

Department of Finance

This public procurement record has 2 releases in its history.

Award

01 Apr 2022 at 15:02

Award Notice
Tender

24 Sep 2021 at 16:55

Tender Notice
Summary of the contracting process

The Department of Finance in Northern Ireland is conducting a procurement process titled "ID 3151653 Banking Services for the NICS and Public Sector Bodies". This tender falls under the services sector, specifically relating to banking services. The procurement, which commenced on 1 April 2022, aims to establish a single supplier Framework Agreement for a duration of five years, allowing various public sector bodies to engage banking services effectively. The procurement method selected is a competitive procedure with negotiation, and the tender period concludes on 25 October 2021. This initiative is significant for supporting the financial management capabilities of Northern Ireland's public sector.

This tender offers substantial opportunities for financial institutions, particularly those specialising in banking and investment services, to expand their client base within the public sector. Businesses capable of providing a range of banking solutions, such as account management, payment processing, and internet banking facilities, should consider participating. With an expected total value of £35,000,000 over the contract period, this Framework Agreement allows for robust engagement with the Northern Ireland Civil Service and various governmental agencies, creating a pathway for sustained business growth in the public procurement landscape.

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Notice Information

Notice Title

ID 3151653 Banking Services for the NICS and Public Sector Bodies

Notice Description

Construction and Procurement Delivery (CPD) intends to establish a collaborative Framework Agreement (Framework) for the provision of Banking Services within Northern Ireland on behalf of Northern Ireland Civil Service (NICS) Departments, Agencies and Non Departmental Public Bodies and other Participating Bodies (Contracting Clients), see Annex A for a list of these bodies. CPD will set up a 5 year single supplier Framework Agreement, commencing from 1 April 2022, which will allow public sector bodies to establish Contracts with the successful Supplier to provide their banking services. For the purpose of this Framework "Banking Services" will entail the servicing of a range of bank account types, varying payment and receipt methods, local banking facilities and access to an internet banking system. The main details of the banking requirements are described in the Specification.

Lot Information

Lot 1

Construction and Procurement Delivery (CPD) intends to establish a collaborative Framework Agreement (Framework) for the provision of Banking Services within Northern Ireland on behalf of Northern Ireland Civil Service (NICS) Departments, Agencies and Non Departmental Public Bodies and other Participating Bodies (Contracting Clients), see Annex A for a list of these bodies. CPD will set up a 5 year single supplier Framework Agreement, commencing from 1 April 2022, which will allow public sector bodies to establish Contracts with the successful Supplier to provide their banking services. For the purpose of this Framework "Banking Services" will entail the servicing of a range of bank account types, varying payment and receipt methods, local banking facilities and access to an internet banking system. The main details of the banking requirements are described in the Specification. Additional information: The potential value of the Framework was been devised through engagement with the beneficiaries and best endeavours have been made to include all users who have indicated they anticipate spending through this Framework during its lifetime. Throughout the lifetime of the contract CPD reserves the right to add participating bodies for example were a new body is formed / renaming of an existing body, new legislation requires an existing body to commence collecting fund not know at the inception of the Framework or indeed where duties are transferred between bodies.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02e4a8
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/008860-2022
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

66110000 - Banking services

66120000 - Investment banking services and related services

Notice Value(s)

Tender Value
£35,000,000 £10M-£100M
Lots Value
£35,000,000 £10M-£100M
Awards Value
Not specified
Contracts Value
£35,000,000 £10M-£100M

Notice Dates

Publication Date
1 Apr 20224 years ago
Submission Deadline
25 Oct 2021Expired
Future Notice Date
Not specified
Award Date
1 Apr 20224 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
Department of Finance
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BELFAST
Postcode
BT3 9ED
Postcode Area
Northern Ireland
Country
Northern Ireland
Major Region (ITL 1)
TLN Northern Ireland
Basic Region (ITL 2)
TLN0 Northern Ireland
Small Region (ITL 3)
TLN06 Belfast
Delivery Location
TLN Northern Ireland
Local Authority
Belfast
Electoral Ward
Sydenham
Westminster Constituency
Belfast East

Supplier Information

Number of Suppliers
1
Supplier Name

Northern Bank Financial Services Ltd

Further Information

Open Contracting Data Standard (OCDS)

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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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