Award

Banking Services Contract

WIRRAL BOROUGH COUNCIL

This public procurement record has 2 releases in its history.

Award

30 Aug 2022 at 08:49

Tender

10 Feb 2022 at 15:56

Summary of the contracting process

The Wirral Borough Council has awarded a contract for Banking Services to Lloyds Bank. The contract involves the provision of banking services to Wirral Council and Merseyside Pension Fund. It is a 5-year contract with 5 annual extension options. The procurement process was carried out through an open procedure. The contract has been active since the award on May 19, 2022.

This tender for Banking Services Contract by Wirral Borough Council offers opportunities for financial institutions and service providers in the banking industry. Businesses specialising in banking and investment services would be well-suited to compete for this contract. The key dates include the award date on May 19, 2022, and the contract has a value of £300,000 in GBP.

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Notice Title

Banking Services Contract

Notice Description

Provision of banking services to Wirral Council and Merseyside Pension Fund. This includes receipts and drawings account and other sub (petty cash imprest) accounts for relevant establishments. Note costs will be split between Wirral MBC and MPF. Circa 2/3rds WBC 1/3 MPF based upon service volumes. 5 year contract with 5 annual extension options.

Lot Information

Lot 1

Provision of banking services to Wirral Council and Merseyside Pension Fund. This includes receipts and drawings account and other sub (petty cash imprest) accounts for relevant establishments. Note costs will be split between Wirral MBC and MPF. Circa 2/3rds WBC 1/3 MPF based upon service volumes. 5 year contract with 5 annual extension options.

Renewal: The contract is initially for a period of 5 years with the option to extend for up to further 5 years to be renewed and reviewed on an annual basis

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0315d5
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/024105-2022
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

66100000 - Banking and investment services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£300,000 £100K-£500K

Notice Dates

Publication Date
30 Aug 20223 years ago
Submission Deadline
14 Mar 2022Expired
Future Notice Date
Not specified
Award Date
18 May 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
WIRRAL BOROUGH COUNCIL
Contact Name
Not specified
Contact Email
tenders@wirral.gov.uk
Contact Phone
+44 516062000

Buyer Location

Locality
WALLASEY
Postcode
CH44 8ED
Post Town
Chester
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD74 Wirral
Delivery Location
TLD74 Wirral

Local Authority
Wirral
Electoral Ward
Seacombe
Westminster Constituency
Wallasey

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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