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Banking Services

AWG GROUP LTD

This public procurement record has 1 release in its history.

Planning

08 Apr 2022 at 18:54

Planning Notice
Summary of the contracting process

Anglian Water Group Ltd is initiating a tender process for banking services under the project title "Banking Services". This procurement falls under the financial services industry and is primarily located in Huntingdon, United Kingdom. Currently in the planning stage, the tender process is structured into three phases: Request for Information (RFI), Request for Proposal (RFP), and presentations, with the RFI closing on 31st May 2022 and the RFP closing on 8th July 2022. The total value of the contract is estimated at £3,750,000, with an intended term of 10 to 15 years.

This tender represents a significant opportunity for businesses seeking to expand their footprint in the banking services market, particularly UK clearing banks equipped to handle complex cash management and treasury functions. Companies that can offer innovative solutions, such as same-day refunds or seamless data sharing capabilities, will find themselves well-suited to compete. Furthermore, potential bidders should be prepared to demonstrate compliance with stringent rating requirements and a solid understanding of the Common Terms Agreements, which will be essential for successful engagement with Anglian Water Group Ltd.

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Notice Information

Notice Title

Banking Services

Notice Description

As part of a wider review of cash management and treasury processes, and to ensure the group benefits from best practice in the banking industry, transactional banking is being tendered. The aim of the tender is to retain a first class banking service, which would include the maintenance of bank accounts, handling of payments, cash processing and retaining current banking 'facilities' on behalf of Anglian Water at a benchmarked cost.

Lot Information

Lot 1

Anglian Water relies upon its banking service providers to ensure the secure transmission of money through bank accounts. The contract is for banking services at Anglian Water Group level but the majority of the banking transactions, and therefore costs, are within Anglian Water Services. It is important that Anglian Water Group maintains a seamless transition should the contract be moved. It's also extremely important that certain facilities that are available now with the incumbent bank, continue to be made available with any new supplier and they must be able to sign up to Common Term Agreements and be the Account Bank. Anglian Water must also ensure that the bank works closely with Stakeholders to ensure that payments are processed quickly, securely and competitively, and also to ensure that AW is kept up to speed with the ever changing technological enhancements. Looking ahead to a new contract for banking services the successful bidder must be a UK clearing bank to ensure all transactions can be processed and consideration should be given to enhancements to the current service, for example the ability for same day customer refunds, API links for seamless data sharing and implementation of new initiatives regarding all aspects of cash management. The successful bidder will also recognize the key role they play as a tier 1 bank and be able to provide other facilities,such as access to debt markets and other corporate banking services as required.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-032bf0
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/009557-2022
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure with prior call for competition
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£3,750,000 £1M-£10M
Lots Value
£3,750,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
8 Apr 20224 years ago
Submission Deadline
31 May 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
AWG GROUP LTD
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
HUNTINGDON
Postcode
PE29 6XU
Postcode Area
Peterborough
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH4 Cambridgeshire and Peterborough
Small Region (ITL 3)
TLH42 Cambridgeshire CC
Delivery Location
TLH1 East Anglia
Local Authority
Huntingdonshire
Electoral Ward
Huntingdon North
Westminster Constituency
Huntingdon

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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