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IA2848 Banking Services

Cannock Chase District Council

This public procurement record has 2 releases in its history.

Award

08 Nov 2022 at 09:28

Award Notice
Tender

11 Aug 2022 at 09:57

Tender Notice
Summary of the contracting process

The contracting process initiated by Cannock Chase District Council and Stafford Borough Council involves the award of a banking services contract. The contract covers services related to bulk cash and cheque deposits, counter deposits/withdrawals, cheque and credit books, and secure internet banking services. The contract period is from 1st April 2023 to 31st March 2028, with options to extend. Barclays Bank PLC has been awarded the contract. The location of the services is Staffordshire, UK, with a contract value of £400,000.

This tender for banking services presents opportunities for businesses in the financial services sector to engage with local government authorities. Businesses offering banking and financial technology services, as well as those providing secure internet banking solutions, are well-suited to compete. The procurement stage is currently in the award phase, with a deadline for submission already passed. Interested businesses should consider the detailed requirements and the expected contract volume to tailor their bids accordingly and position themselves for potential future opportunities.

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Notice Information

Notice Title

IA2848 Banking Services

Notice Description

Contract for the provision of banking Service for Cannock Chase District Council and Stafford Borough Council

Lot Information

Lot 1

Contract for the provision of banking Service for Cannock Chase District Council and Stafford Borough Council to include:- Bulk Cash and Cheque Deposits Counter Deposits/Withdrawals Cheque and Credit Books The Participating Authorities will also require a secure internet/browser-based service that (as a minimum) provides the following functionality: * Real time balance and transaction reporting * The ability to initiate Sterling CHAPS payments up to 3.45pm each working day. * The ability to initiate international payments * The ability to initiate single BACS and/or Faster payments and inter-account transfers.

Options: The Agreement term will be from 1st April 2023 to 31st March 2028, with an additional option to extend by 1st April 2028 to 31st March 2033 and 1st April 2033 to 31st March 2038 (5 + 5 + 5)

Renewal: The Agreement term will be from 1st April 2023 to 31st March 2028, with an additional option to extend by 1st April 2028 to 31st March 2033 and 1st April 2033 to 31st March 2038 (5 + 5 + 5)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-035adc
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/031502-2022
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
£400,000 £100K-£500K
Lots Value
£400,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£400,000 £100K-£500K

Notice Dates

Publication Date
8 Nov 20223 years ago
Submission Deadline
23 Sep 2022Expired
Future Notice Date
Not specified
Award Date
8 Nov 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
It is envisaged that contract advert notices for the next Contract may be placed within the next 14 years. This cannot be guaranteed.

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Cannock Chase District Council
Additional Buyers

Stafford 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
CANNOCK
Postcode
WS11 1BG
Postcode Area
Walsall
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG2 Shropshire and Staffordshire
Small Region (ITL 3)
TLG24 Staffordshire CC
Delivery Location
TLG2 Shropshire and Staffordshire
Local Authority
Cannock Chase
Electoral Ward
Cannock Park & Old Fallow
Westminster Constituency
Cannock Chase

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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