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WP3835 - Banking Services

Walsall Metropolitan Borough Council

This public procurement record has 2 releases in its history.

Award

17 Nov 2022 at 10:52

Award Notice
Tender

23 Jun 2022 at 10:59

Tender Notice
Summary of the contracting process

Walsall Metropolitan Borough Council has awarded a contract for banking services under tender WP3835. The services required involve maintenance of bank accounts, cash handling, and internet banking. The procurement stage is complete, and the contract worth £298,000 GBP was signed on 16th November 2022. Barclays Bank Plc is the active supplier for this contract.

This contract opportunity with Walsall Council can benefit businesses offering banking services such as account maintenance and payment processing. Companies in the financial services sector, especially those with expertise in providing banking solutions to local authorities, are well-suited to compete. The procurement method used was an open procedure, allowing fair competition among interested businesses. The contract provides opportunities for growth and collaboration within the banking industry in the United Kingdom.

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Notice Information

Notice Title

WP3835 - Banking Services

Notice Description

Walsall Council is seeking to commission our banking services. The service required includes the maintenance of bank accounts, cash and cheque handling, BACS transaction processing and other money transmission services typically provided to local authorities. The Council will also require an internet banking service for balance/transaction reporting and payment initiation.

Lot Information

Lot 1

The service required includes the maintenance of bank accounts, cash and cheque handling, BACS transaction processing and other money transmission services typically provided to local authorities. The Council will also require an internet banking service for balance/transaction reporting and payment initiation.

Options: up to a further 24 months extension option

Renewal: option to extend for up to a further 24 months

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0349a7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/032606-2022
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

66110000 - Banking services

Notice Value(s)

Tender Value
£280,000 £100K-£500K
Lots Value
£280,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£298,000 £100K-£500K

Notice Dates

Publication Date
17 Nov 20223 years ago
Submission Deadline
25 Jul 2022Expired
Future Notice Date
Not specified
Award Date
16 Nov 20223 years ago
Contract Period
1 Apr 2023 - 31 Mar 2028 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
Walsall Metropolitan Borough Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WALSALL
Postcode
WS1 1TP
Postcode Area
Walsall
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG38 Walsall
Delivery Location
TLG38 Walsall
Local Authority
Walsall
Electoral Ward
St Matthew's
Westminster Constituency
Walsall and Bloxwich

Supplier Information

Number of Suppliers
1
Supplier Name

Barclays Bank Plc

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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