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Provision of Banking Services

East Renfrewshire Council

This public procurement record has 1 release in its history.

Tender

28 Jul 2022 at 11:38

Tender Notice
Summary of the contracting process

East Renfrewshire Council is currently conducting an active procurement process for the "Provision of Banking Services". This tender falls under the services category, specifically within the banking services industry. The contract, valued at £150,000, is being executed under the open procedure procurement method. The timeline includes a bid submission deadline of 29 August 2022, with the award period commencing on the same date. Bidders must ensure compliance with specific financial and suitability criteria, including a satisfactory credit score as assessed by Creditsafe.

This tender presents an opportunity for financial institutions, particularly those with experience in public sector banking services, to expand their market reach and establish contracts with local authorities. Businesses with a strong background in delivering comprehensive banking solutions, including account management, transaction processing, and community benefits engagement, will be especially well-suited to compete. Successful bidders will not only gain a valuable contract with East Renfrewshire Council but will also contribute to community initiatives, enhancing their social responsibility profile in the region.

How relevant is this notice?

Notice Information

Notice Title

Provision of Banking Services

Notice Description

East Renfrewshire Council is currently inviting tenders, from suitably qualified companies for the supply of the following requirements. Provision of Banking Services for both the council and East Renfrewshire Cultural & Leisure Trust (ERCL) . The Council is aware that the banking sector is consistently developing its services. The flexibility to enjoy the benefits of any developments would be expected from the successful tender The Council utilises a range of transactions, the main types are as follows; Auto Credits to Accounts Auto Debits to Accounts Manual Credits Manual Debits Cheques Remitted Cash Handled CHAPS Payments Out Stopped Cheques Salary Recalls Unpaid Cheques Received BACSTEL-IP Transactions International Currency Payments

Lot Information

Lot 1

East Renfrewshire Council is currently inviting tenders, from suitably qualified companies for the supply of the following requirements. Provision of Banking Services for both the council and East Renfrewshire Cultural & Leisure Trust (ERCL) . The Council is aware that the banking sector is consistently developing its services. The flexibility to enjoy the benefits of any developments would be expected from the successful tender The Council utilises a range of transactions, the main types are as follows Auto Credits to Accounts Auto Debits to Accounts Manual Credits Manual Debits Cheques Remitted Cash Handled CHAPS Payments Out Stopped Cheques Salary Recalls Unpaid Cheques Received BACSTEL-IP Transactions International Currency Payments Additional information: Quality weighting above are sub weighting and the overall weighting for quality is 40. As per the procurement regulations from 1 January 2022 there is a need to include VAT where applicable when calculating the estimated value of contracts please refer to tender information pack on PCSt for all values including and excluding VAT

Renewal: Provision for 3 x 12 month extension periods

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0356d7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/020594-2022
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

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
£150,000 £100K-£500K
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
28 Jul 20224 years ago
Submission Deadline
29 Aug 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Sept 2030 once the 60 months + 3 x 12 extension periods

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
East Renfrewshire 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
GIFFNOCK
Postcode
G46 6UG
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM33 Inverclyde, East Renfrewshire, and Renfrewshire
Delivery Location
TLM83 Inverclyde, East Renfrewshire, and Renfrewshire
Local Authority
East Renfrewshire
Electoral Ward
Giffnock and Thornliebank
Westminster Constituency
East Renfrewshire

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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