Award

SC20042 - Provision of Banking Services

KENT COUNTY COUNCIL

This public procurement record has 2 releases in its history.

Award

26 Jul 2023 at 14:39

Tender

09 Sep 2022 at 09:41

Summary of the contracting process

The Kent County Council has recently launched a tender process for the provision of their banking services. The Council operates multiple bank accounts and is seeking a supplier to streamline processes, provide physical facilities, and support the operation of financial affairs client accounts. The tender, with title "SC20042 - Provision of Banking Services," falls under the services category. The procurement stage is active, with the tender period ending on October 14, 2022. The buying organisation, Kent County Council, based in Maidstone, United Kingdom, is inviting bids through an open procedure.

This tender by Kent County Council presents significant business growth opportunities for suppliers in the banking services industry. Businesses that can offer electronic/online banking services, access to physical facilities for cash handling, and support for client accounts will be well-suited to compete. With a contract period of 1800 days and the potential for two 12-month extensions, this tender provides a stable and potentially long-term revenue stream for the successful supplier. Interested businesses should ensure compliance with the tender submission requirements, including electronic submission, as specified in the tender documentation.

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Notice Title

SC20042 - Provision of Banking Services

Notice Description

Kent County Council are tendering the provision of their Banking Services. Kent County Council currently maintains a number of bank accounts, including the following main accounts: * General Account * Payments Account * Salaries Account * Schools' Payroll Account * Commercial Services Laser Purchases Account * Commercial Services Income Account * Commercial Services Purchases Account * Direct Debit Collections Account * Pension Payroll Account In addition to these, the Council operates a number of other accounts, including imprest / receipts accounts, Kent schools accounts and approximately 1,300 bank accounts on behalf of individuals receiving care.

Lot Information

Lot 1

Kent County Council are tendering the provision of their Banking Services. Kent County Council currently maintains a number of bank accounts, including the following main accounts: * General Account * Payments Account * Salaries Account * Schools' Payroll Account * Commercial Services Laser Purchases Account * Commercial Services Income Account * Commercial Services Purchases Account * Direct Debit Collections Account * Pension Payroll Account In addition to these, the Council operates a number of other accounts, including imprest / receipts accounts, Kent schools accounts and approximately 1,300 bank accounts on behalf of individuals receiving care.

Renewal: Two optional extensions, each of up to 12 months

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03672b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/021688-2023
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

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
26 Jul 20232 years ago
Submission Deadline
14 Oct 2022Expired
Future Notice Date
Not specified
Award Date
26 Jul 20232 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Cancelled
Lots Status
Cancelled
Awards Status
Unsuccessful
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
KENT COUNTY 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
MAIDSTONE
Postcode
ME14 1XQ
Post Town
Rochester
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ4 Kent
Small Region (ITL 3)
TLJ45 Mid Kent
Delivery Location
TLJ4 Kent

Local Authority
Maidstone
Electoral Ward
Penenden Heath
Westminster Constituency
Maidstone and Malling

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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