Award

Banking Services

UNIVERSITY OF READING

This public procurement record has 2 releases in its history.

Award

20 Jul 2022 at 12:33

Tender

07 Dec 2021 at 16:35

Summary of the contracting process

The University of Reading is looking for banking services and has initiated a tender process titled "Banking Services". This public procurement falls under the category of "Banking and investment services" and is valued at £750,000. The procurement method is selective, and the award has been made to Lloyds Bank PLC. The procurement process is in the Award stage and is located in Reading, UK. The contract was signed on 18th July 2022, and it includes the provision of corporate banking services, including the management of up to 10 bank accounts and an electronic banking platform for both domestic and international transactions.

This tender presents opportunities for growth particularly for banking and financial service providers experienced in corporate banking within the education sector. Businesses that offer electronic banking solutions and have a strong capability in managing multi-account arrangements would be well-suited to compete for this contract. The University of Reading's focus on higher education arrangements indicates potential for long-term partnerships and consistent demand for reliable banking services.

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Notice Title

Banking Services

Notice Description

The University of Reading has a requirement for the provision of Corporate Banking services in relation to itself and its UK subsidiaries. The University requires a banking service which will include the provision and maintenance of up to 10 bank accounts and banking services associated with higher education banking arrangements, including an electronic banking platform for both domestic and international payment initiation and balance/transaction reporting.

Lot Information

Lot 1

The University of Reading has a requirement for the provision of Corporate Banking services in relation to itself and its UK subsidiaries. The University requires a banking service which will include the provision and maintenance of up to 10 bank accounts and banking services associated with higher education banking arrangements, including an electronic banking platform for both domestic and international payment initiation and balance/transaction reporting.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02fe40
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/019767-2022
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
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

Notice Value(s)

Tender Value
£675,000 £500K-£1M
Lots Value
£675,000 £500K-£1M
Awards Value
Not specified
Contracts Value
£750,000 £500K-£1M

Notice Dates

Publication Date
20 Jul 20223 years ago
Submission Deadline
13 Jan 2022Expired
Future Notice Date
Not specified
Award Date
17 Jul 20223 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

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF READING
Contact Name
Not specified
Contact Email
s.morse@reading.ac.uk
Contact Phone
+44 1183788305

Buyer Location

Locality
READING
Postcode
RG6 6AB
Post Town
Reading
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ16 Berkshire West
Delivery Location
TLJ11 Berkshire

Local Authority
Wokingham
Electoral Ward
Maiden Erlegh & Whitegates
Westminster Constituency
Earley and Woodley

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS BANK

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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