Notice Information
Notice Title
CWC21109 Corporate Banking
Notice Description
The Council invites tenders for the provision of banking services including: * 5 main accounts with facilities including but not limited to sweep/pooling and full bank file collection of all daily transactions for import into our back office finance system that meets our specification * A group overdraft facility * An intra day limit * 47 imprest accounts for schools and council services * cash (including loose cash) and cheque processing through our appointed cash in transit contractor to a cash/cheque processing centre * Consolidated and bulk cash facilities * Automated credit and debit facilities * Branch facilities for cheque encashment and occasional paying in * BACS bureau and SUN sponsorship and transaction processing * internet banking services for balance/group balance, transaction reporting, payment initiation including immediate/CHAPS and Foreign payments by a 2 level approval process, bank account statement export to reconcile with the file import for our back office system Additional Requirements: * Bank accounts for 2 wholly owned companies, YOO Recruit and WV Living * 2 bank accounts with third party administration assigned to the West Midlands Pension Fund * A payment of council bills solution by customer online banking settled by faster payment via integration with our own web payment platform, hosted through its own unique (additional) bank account with a full import of transactions in the bank file mentioned at 1.1 this account would also need to sweep to the main current account. * a virtual account with approximately 500 sub accounts for the saving for our young people in care until the age of 18 * a main header account with 75 sub accounts for customers who we have been awarded Court of Protection
Lot Information
Lot 1
The Council invites tenders for the provision of banking services including: * 5 main accounts with facilities including but not limited to sweep/pooling and full bank file collection of all daily transactions for import into our back office finance system that meets our specification * A group overdraft facility * An intra day limit * 47 imprest accounts for schools and council services * cash (including loose cash) and cheque processing through our appointed cash in transit contractor to a cash/cheque processing centre * Consolidated and bulk cash facilities * Automated credit and debit facilities * Branch facilities for cheque encashment and occasional paying in * BACS bureau and SUN sponsorship and transaction processing * internet banking services for balance/group balance, transaction reporting, payment initiation including immediate/CHAPS and Foreign payments by a 2 level approval process, bank account statement export to reconcile with the file import for our back office system Additional Requirements: * Bank accounts for 2 wholly owned companies, YOO Recruit and WV Living * 2 bank accounts with third party administration assigned to the West Midlands Pension Fund * A payment of council bills solution by customer online banking settled by faster payment via integration with our own web payment platform, hosted through its own unique (additional) bank account with a full import of transactions in the bank file mentioned at 1.1 this account would also need to sweep to the main current account. * a virtual account with approximately 500 sub accounts for the saving for our young people in care until the age of 18 * a main header account with 75 sub accounts for customers who we have been awarded Court of Protection
Renewal: To be reviewed at the end of the initial term of 60 months
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-02f4ee
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/028033-2021
- Current Stage
- Tender
- All Stages
- Tender
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
- Not specified
Common Procurement Vocabulary (CPV)
- CPV Divisions
66 - Financial and insurance services
-
- CPV Codes
66000000 - Financial and insurance services
Notice Value(s)
- Tender Value
- £350,000 £100K-£500K
- Lots Value
- £350,000 £100K-£500K
- Awards Value
- Not specified
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 9 Nov 20214 years ago
- Submission Deadline
- 10 Dec 2021Expired
- Future Notice Date
- Not specified
- Award Date
- Not specified
- Contract Period
- Not specified - Not specified
- Recurrence
- New procurement will begin on the expiration of this contract
Notice Status
- Tender Status
- Active
- Lots Status
- Active
- Awards Status
- Not Specified
- Contracts Status
- Not Specified
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- WOLVERHAMPTON CITY COUNCIL
- Contact Name
- Mrs Carol Wintle
- Contact Email
- carol.wintle@wolverhampton.gov.uk
- Contact Phone
- +44 1902556556
Buyer Location
- Locality
- WOLVERHAMPTON
- Postcode
- WV1 1RL
- Post Town
- Wolverhampton
- Country
- England
-
- Major Region (ITL 1)
- TLG West Midlands (England)
- Basic Region (ITL 2)
- TLG3 West Midlands
- Small Region (ITL 3)
- TLG39 Wolverhampton
- Delivery Location
- TLG West Midlands (England)
-
- Local Authority
- Wolverhampton
- Electoral Ward
- St Peters
- Westminster Constituency
- Wolverhampton West
Further Information
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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