Planning

Commercial Banking Services

BRITISH LIBRARY

This public procurement record has 1 release in its history.

Planning

15 Aug 2022 at 11:05

Summary of the contracting process

The British Library is in the planning stage of a procurement process for Commercial Banking Services. The purpose of this Request for Information (RFI) is to gather information to inform the future procurement of banking services, although it is not currently a tender opportunity. The RFI covers various banking services such as payment accounts, receipt accounts, cash management, and more. The process is designed to ensure that potential suppliers are evaluated, shortlisted, and invited to tender.

This procurement opportunity by the British Library presents a chance for businesses to offer their expertise in providing banking services. Businesses well-suited to compete in this process include those with experience in financial services, particularly in areas such as payment processing, cash management, electronic banking, and currency exchange. The opportunity is part of a market consultation exercise to shape the procurement route and options for future procurement decisions, offering a chance for growth and collaboration in the banking services sector.

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Notice Title

Commercial Banking Services

Notice Description

The scope of the RFI is the British Library General Banking Services. This includes: *Payment accounts - Used for outgoing payments, for example, creditor cheques, CHAPS, BACS, direct debits, standing order payments, balance requests, commission charges and interest payable, etc. *Receipt accounts - Used for incoming transactions, for example, bank giro credits, standing orders, CHAPS, BACS, faster payments and unpaid direct debits and cheques, other amounts paid-in and income from card transactions, etc. *Other ancillary bank accounts - Used for other outgoing payments, for example, wage accounts from which staff salaries are paid by BACS, petty cash accounts and treasury deposit accounts *Foreign currency bank accounts - Used for payments and receipts in Euro and US$. *Cash banking facilities *Electronic banking facilities - Providing the following functions: oComprehensive real time balance and transaction data. oElectronic money transmission such as CHAPS. oReconciliation data on the accounts. *Financial Protection and Remedies *Integration with IT Systems *Account and Relationship Managers *Account Information, Guidance and Assistance *Cash Management and Credit Interest Arrangements *Payment of cheques drawn in foreign currency When submitting information, all organisations should note that this is not currently a tender opportunity but is part of a market consultation exercise aiming to ensure that the procurement route selected and the options ultimately developed for any procurement are properly informed.

Lot Information

Lot 1

The scope of the RFI is the British Library General Banking Services. This includes: *Payment accounts - Used for outgoing payments, for example, creditor cheques, CHAPS, BACS, direct debits, standing order payments, balance requests, commission charges and interest payable, etc. *Receipt accounts - Used for incoming transactions, for example, bank giro credits, standing orders, CHAPS, BACS, faster payments and unpaid direct debits and cheques, other amounts paid-in and income from card transactions, etc. *Other ancillary bank accounts - Used for other outgoing payments, for example, wage accounts from which staff salaries are paid by BACS, petty cash accounts and treasury deposit accounts *Foreign currency bank accounts - Used for payments and receipts in Euro and US$. *Cash banking facilities *Electronic banking facilities - Providing the following functions: oComprehensive real time balance and transaction data. oElectronic money transmission such as CHAPS. oReconciliation data on the accounts. *Financial Protection and Remedies *Integration with IT Systems *Account and Relationship Managers *Account Information, Guidance and Assistance *Cash Management and Credit Interest Arrangements *Payment of cheques drawn in foreign currency When submitting information, all organisations should note that this is not currently a tender opportunity but is part of a market consultation exercise aiming to ensure that the procurement route selected and the options ultimately developed for any procurement are properly informed.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-035bab
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/022402-2022
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Aug 20223 years ago
Submission Deadline
Not specified
Future Notice Date
14 Aug 2022Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
BRITISH LIBRARY
Contact Name
Kathryn Taylor
Contact Email
kathryn.taylor@bl.uk
Contact Phone
+44 1937546744

Buyer Location

Locality
LONDON
Postcode
NW1 2DB
Post Town
North West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI36 Camden
Delivery Location
Not specified

Local Authority
Camden
Electoral Ward
St Pancras & Somers Town
Westminster Constituency
Holborn and St Pancras

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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