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Provision of Banking Services

Rotherham Metropolitan Borough Council

This public procurement record has 2 releases in its history.

Award

15 Apr 2025 at 12:51

Award Notice
Tender

12 Jun 2023 at 17:24

Tender Notice
Summary of the contracting process

Rotherham Metropolitan Borough Council has completed the procurement process for the provision of banking services, with the contract awarded on 26 February 2025 to Lloyds Bank for a value of £500,000. The procurement, classified under CPV category 66110000 (Banking services), followed an open procedure, with the tender initially active since 12 June 2023. The contract encompasses crucial banking services such as account maintenance, cash handling, electronic payment processing, and internet banking. Although the Council had placed a tender deadline for submissions by 13 July 2023, it has now moved to the contract award stage, marking the completion and commencement phase for the delivery of these services in Rotherham (region UKE31).

This tender opens up significant opportunities, particularly for businesses specializing in comprehensive financial services, as it requires a suite of banking operations aligned with local authority needs. Companies able to provide robust and secure electronic payment solutions, efficient cash processing, and reliable internet banking services would find this contract beneficial for expanding their public sector portfolio. Rotherham Metropolitan Borough Council, a local authority with substantial public service demands, seeks to partner with capable banking institutions that can deliver quality services and foster social value within the community, making it an attractive opportunity for large and seasoned banks as well as innovative financial enterprises aiming to grow their market presence.

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Notice Information

Notice Title

Provision of Banking Services

Notice Description

Rotherham Metropolitan Borough Council's current banking contract is due to expire on 30th September 2023. Tenders are invited for the provision of banking services to include the maintenance of bank accounts, cash and cheque handling, BACS, CHAPS and Faster Payments processing and other money transmission services associated with local authority banking arrangements. The Council will also require an internet banking service for balance/transaction reporting and payment initiation.

Lot Information

Lot 1

Rotherham Metropolitan Borough Council's current banking contract is due to expire on 30th September 2023. Tenders are invited for the provision of banking services to include the maintenance of bank accounts, cash and cheque handling, BACS, CHAPS and Faster Payments processing and other money transmission services associated with local authority banking arrangements. The Council will also require an internet banking service for balance/transaction reporting and payment initiation.

Renewal: Option to extend for up to an additional 60 months.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03d59d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/015226-2025
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£500,000 £500K-£1M

Notice Dates

Publication Date
15 Apr 20251 years ago
Submission Deadline
13 Jul 2023Expired
Future Notice Date
Not specified
Award Date
26 Feb 20251 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Rotherham Metropolitan 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
ROTHERHAM
Postcode
S60 1AE
Postcode Area
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE34 Rotherham
Delivery Location
TLE31 Barnsley, Doncaster and Rotherham
Local Authority
Rotherham
Electoral Ward
Boston Castle
Westminster Constituency
Rotherham

Supplier Information

Number of Suppliers
1
Supplier Name

Lloyds Bank

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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