Award

NEX21/72 Banking Services

NEXUS

This public procurement record has 2 releases in its history.

Award

23 Aug 2022 at 14:02

Award Notice
Tender

06 May 2022 at 15:39

Tender Notice
Summary of the contracting process

The Tyne and Wear Passenger Transport Executive, trading as Nexus, is inviting competitive tenders for Banking Services. The contract, titled NEX21/72, falls under the financial and insurance services industry category. The procurement stage is now in the award phase, with the contract having been signed on 9th August 2022. The buying organisation, Nexus, based in Newcastle upon Tyne, United Kingdom, is looking for service providers to deliver banking services under an initial 3-year contract, with a possible extension of up to 2 further years.

This tender for Banking Services by Nexus presents a valuable opportunity for businesses in the financial and insurance services sector. Companies with expertise in providing banking services, particularly investment banking and related services, are well-suited to compete. The procurement process follows an open procedure method, allowing fair competition. Interested businesses should take note of the key tender period dates, including the submission deadline of 20th June 2022 and the bid opening scheduled for the same day. Participation in this tender could lead to long-term partnerships with Nexus, enhancing business growth and market presence.

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Notice Information

Notice Title

NEX21/72 Banking Services

Notice Description

Tyne and Wear Passenger Transport Executive (trading as Nexus) are seeking competitive tenders for the provision of Banking Services. It is anticipated that the contract will be for an initial period of 3 years with an option to extend for up to a further 2 years at Nexus discretion.

Lot Information

Lot 1

Tyne and Wear Passenger Transport Executive (trading as Nexus) are seeking competitive tenders for the provision of Banking Services. It is anticipated that the contract will be for an initial period of 3 years with an option to extend for up to a further 2 years at Nexus discretion.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-033519
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/023494-2022
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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66120000 - Investment banking services and related services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
23 Aug 20223 years ago
Submission Deadline
20 Jun 2022Expired
Future Notice Date
Not specified
Award Date
8 Aug 20223 years ago
Contract Period
30 Sep 2022 - 1 Oct 2027 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NEXUS
Contact Name
Julie Warnett
Contact Email
tenders@nexus.org.uk
Contact Phone
+44 7879667318

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE1 4AX
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England), TLC2 Northumberland, and Tyne and Wear
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

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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