Award

5425 - Banking Services

LONDON BOROUGH OF BEXLEY

This public procurement record has 2 releases in its history.

Award

18 Oct 2023 at 09:35

Tender

26 Apr 2023 at 15:05

Summary of the contracting process

The London Borough of Bexley recently awarded a contract for Banking Services through a selective procurement procedure. The buyer, London Borough of Bexley, located at CIVIC OFFICES, 2 Watling Street, Bexleyheath, United Kingdom, selected National Westminster Bank plc for this contract. The contract was signed on 29th September 2023.

This tender for Banking Services by the London Borough of Bexley presents opportunities for businesses in the services sector, particularly in banking services. The procurement stage is now complete, and the contract has been awarded. Businesses offering banking services and related financial solutions would be well-suited to compete for such opportunities. The tender involved both quality and price award criteria with three bids received and selected supplier National Westminster Bank plc.

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Notice Title

5425 - Banking Services

Notice Description

Banking Services

Lot Information

Lot 1

Banking Services

Renewal: Contract includes a potential 3 year extension. If the extension is used reprocurement will commence in 2032

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03c479
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/030702-2023
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted 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
£450,000 £100K-£500K
Lots Value
£450,000 £100K-£500K
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Oct 20232 years ago
Submission Deadline
1 Jun 2023Expired
Future Notice Date
Not specified
Award Date
28 Sep 20232 years ago
Contract Period
31 Mar 2024 - 31 Mar 2034 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF BEXLEY
Contact Name
PROCUREMENT SUPPORT TEAM, Procurement
Contact Email
procurement@bexley.gov.uk
Contact Phone
+44 2030455300

Buyer Location

Locality
BEXLEYHEATH
Postcode
DA6 7AT
Post Town
Dartford
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI51 Bexley and Greenwich
Delivery Location
TLI London, TLI6 Outer London - South

Local Authority
Bexley
Electoral Ward
Bexleyheath
Westminster Constituency
Bexleyheath and Crayford

Supplier Information

Number of Suppliers
1
Supplier Name

NATIONAL WESTMINSTER BANK

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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