Tender

Banking Services

PORTSMOUTH CITY COUNCIL

This public procurement record has 1 release in its history.

Tender

06 Jan 2022 at 16:15

Tender Notice
Summary of the contracting process

Portsmouth City Council is currently undertaking a public procurement process for Banking Services, aiming to secure corporate banking services to cover a five-year term with a potential extension of an additional five years. The procurement process is at the Tender stage, with key dates including the invitation to tender pack available from 10th January 2022, the deadline for tender submissions on 18th February 2022, and the anticipated contract award date set for 22nd March 2022. The procurement is being conducted under an open procedure in line with the Public Contracts Regulations (2015) and has an estimated value of £277,000.

This tender presents substantial opportunities for financial institutions looking to expand their service offerings. Businesses that are well-suited to compete will include banks and financial services firms capable of meeting the Council's minimum credit rating criteria. Potential bidders should be prepared to demonstrate their financial stability and experience in providing corporate banking services, making this an ideal contract for established financial institutions seeking to expand their foothold in the public sector.

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Notice Information

Notice Title

Banking Services

Notice Description

Portsmouth City Council - the Council - is inviting tenders from suitably qualified financial institutions for the provision of corporate banking services. Full specification is available via the link below: https://in-tendhost.co.uk/portsmouthcc/aspx/home/ The Council will enter into contract with the successful bidder on the basis of a 5 year term extendable by a further 5 years in increments to be agreed subject to performance and agreement of both parties. The Council will run the procurement process in accordance with the 'Open' procedure as set out within the Public Contracts Regulations (2015) in line with the following programme: Invitation to Tender Pack made available: 10th January 2022 Deadline for requests for clarification: 11th February 2022 16:00 Tender return deadline: 18th February 2022 16:00 Deadline for return of Company Reference Questionnaires from client referees: 18th February 2022 16:00 Interviews - if required: W/C 7th March 2022 Standstill period: 11th March 2022 - 21st March 2022 Contract award & mobilisation: 22nd March 2022 Contract commencement: 2nd March 2023 The contract will commence on 2nd March 2023. The Council is aiming to award the contract by 22nd March 2022. Application is via completed tender submission by the date above via the Council's e-sourcing solution which will be used to administrate the procurement process and is accessible free of charge via the link below: https://in-tendhost.co.uk/portsmouthcc/aspx/home/

Lot Information

Lot 1

Portsmouth City Council - the Council - is inviting tenders from suitably qualified financial institutions for the provision of corporate banking services. Full specification is available via the link below: https://in-tendhost.co.uk/portsmouthcc/aspx/home/ The Council will enter into contract with the successful bidder on the basis of a 5 year term extendable by a further 5 years in increments to be agreed subject to performance and agreement of both parties. The Council will run the procurement process in accordance with the 'Open' procedure as set out within the Public Contracts Regulations (2015) in line with the following programme: Invitation to Tender Pack made available: 10th January 2022 Deadline for requests for clarification: 11th February 2022 16:00 Tender return deadline: 18th February 2022 16:00 Deadline for return of Company Reference Questionnaires from client referees: 18th February 2022 16:00 Interviews - if required: W/C 7th March 2022 Standstill period: 11th March 2022 - 21st March 2022 Contract award & mobilisation: 22nd March 2022 Contract commencement: 2nd March 2023 The contract will commence on 2nd March 2023. The Council is aiming to award the contract by 22nd March 2022. Application is via completed tender submission by the date above via the Council's e-sourcing solution which will be used to administrate the procurement process and is accessible free of charge via the link below: https://in-tendhost.co.uk/portsmouthcc/aspx/home/

Renewal: The Council will enter into contract with the successful bidder on the basis of a 5 year term extendable by a further 5 years in increments to be agreed subject to performance and agreement of both parties.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0307f9
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/000356-2022
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

66110000 - Banking services

66111000 - Central bank services

66112000 - Deposit services

Notice Value(s)

Tender Value
£277,000 £100K-£500K
Lots Value
£277,000 £100K-£500K
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
6 Jan 20224 years ago
Submission Deadline
18 Feb 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
PORTSMOUTH CITY COUNCIL
Contact Name
Procurement Service
Contact Email
procurement@portsmouthcc.gov.uk
Contact Phone
+44 2392688235

Buyer Location

Locality
PORTSMOUTH
Postcode
PO1 2BG
Post Town
Portsmouth
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ31 Portsmouth
Delivery Location
TLJ31 Portsmouth
Local Authority
Portsmouth
Electoral Ward
Charles Dickens
Westminster Constituency
Portsmouth South

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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