Tender

For the provision of General Banking Services

WEST YORKSHIRE COMBINED AUTHORITY

This public procurement record has 1 release in its history.

Tender

16 Nov 2022 at 09:07

Summary of the contracting process

The West Yorkshire Combined Authority has issued a tender for the provision of General Banking Services. This contract falls under the services category and is essential for the financial operations of the West Yorkshire Combined Authority and West Yorkshire Police. The tender, with a total value of £500,000, requires daily account information, various payment capabilities, and cash handling services. The procurement method is an open procedure, with a tender period ending on 16th December 2022, providing business opportunities in West Yorkshire, LS1 2DE.

This tender for General Banking Services by the West Yorkshire Combined Authority offers business growth opportunities for financial service providers, particularly those experienced in banking services for public institutions. Companies specializing in daily financial operations, payment processing, and cash handling are well-suited to compete for this contract. With a total value of £500,000 and a duration of 1080 days, the tender presents a significant business opportunity in West Yorkshire, LS1 2DE. Businesses proficient in electronic banking systems and real-time payment solutions can leverage their expertise to meet the Authority's banking service requirements.

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Notice Title

For the provision of General Banking Services

Notice Description

The banking service provides the mechanisms by which the financial infrastructure for the policing operations of the West Yorkshire Combined Authority and West Yorkshire Police can be delivered. The service pays staff and creditors, enables us to receive money, and provides the ability to withdraw and deposit cash, all of which the Force relies on to be able to provide the core service to the public. Without the contract, the policing function of the West Yorkshire Combined Authority and the Force would not have an ability to receive and pay money, and therefore would be unable to function. Currently electronic systems are in place to allow banking transactions to be undertaken, with specific authorisation levels. Interrogation of bank transactions is also available, and there is an automatic bank reconciliation process in place.

Lot Information

Lot 1

The banking service provides the mechanisms by which the financial infrastructure for the policing operations of the West Yorkshire Combined Authority and West Yorkshire Police can be delivered. The service pays staff and creditors, enables us to receive money, and provides the ability to withdraw and deposit cash, all of which the Force relies on to be able to provide the core service to the public. Without the contract, the policing function of the West Yorkshire Combined Authority and the Force would not have an ability to receive and pay money, and therefore would be unable to function. Currently electronic systems are in place to allow banking transactions to be undertaken, with specific authorisation levels. Interrogation of bank transactions is also available, and there is an automatic bank reconciliation process in place. Cash deposits are still required, as are facilities to withdraw cash. Paying in books must be supplied by the bank, with the paying in slip to reference the district or department making the deposit. West Yorkshire Combined Authority will require the provision of account information daily, by electronic means, and the ability to extract this detailed data for a minimum of 15 months. A facility to make same day priority payments, BACS payments, internal transfers, and international payments is also required, along with access to real time advice of incoming CHAPS payments, or real time reporting during the day.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0384cf
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/032454-2022
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
£500,000 £500K-£1M
Lots Value
£500,000 £500K-£1M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
16 Nov 20223 years ago
Submission Deadline
16 Dec 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
WEST YORKSHIRE COMBINED AUTHORITY
Contact Name
Amie Knight
Contact Email
amie.knight@southyorks.pnn.police.uk
Contact Phone
+44 7464986519

Buyer Location

Locality
WEST YORKSHIRE, LS1 2DE
Postcode
40-50WELLINGTON STR
Post Town
Not specified
Country
Not specified

Major Region (ITL 1)
Not specified
Basic Region (ITL 2)
Not specified
Small Region (ITL 3)
Not specified
Delivery Location
Not specified

Local Authority
Not specified
Electoral Ward
Not specified
Westminster Constituency
Not specified

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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