Tender

Banking Services

UNIVERSITY OF DERBY

This public procurement record has 1 release in its history.

Tender

23 Jun 2023 at 14:27

Summary of the contracting process

The University of Derby is initiating a tender process for Banking Services, with the aim to procure its banking facilities to support growth and operational efficiency. The contract is valued at £1,200,000 GBP and involves appointing a clearing Bank for an initial 5-year period, extendable for a further 2 x 2 years. The tender submission deadline is 26th July 2023, with the award period starting the same day.

This opportunity provided by the University of Derby is suitable for businesses in the services sector, particularly those experienced in banking services. The procurement process is currently in the active stage, using an open procedure method. Interested businesses should review the specifications detailed in the tender, which allows for electronic submission. The tendering process offers a chance for businesses to secure a long-term contract with potential for extension, aligning with the University's growth objectives.

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Notice Title

Banking Services

Notice Description

Introduction To Tender The University of Derby under the terms of its Treasury Policy is looking to procure its banking facilities to enable it to continue to grow and manage its operations efficiently and effectively. Tenderers are asked to submit their best offer in line with the specification detailed in this Tender. The University of Derby wishes to appoint a clearing Bank to provide services for a period of 5 years initially with an option to extend for a further 2 X 2 years, subject to satisfactory performance. T

Lot Information

Lot 1

Introduction To Tender The University of Derby under the terms of its Treasury Policy is looking to procure its banking facilities to enable it to continue to grow and manage its operations efficiently and effectively. Tenderers are asked to submit their best offer in line with the specification detailed in this Tender. The University of Derby wishes to appoint a clearing Bank to provide services for a period of 5 years initially with an option to extend for a further 2 X 2 years, subject to satisfactory performance. T

Options: Option to extend 5 year contract a further 2 x for 2 years each time

Renewal: Option to extend 2 x 2 Years

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03dc22
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/017987-2023
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
£1,200,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
23 Jun 20232 years ago
Submission Deadline
26 Jul 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Jan 2024 - 31 Dec 2028 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF DERBY
Contact Name
Procurement Team
Contact Email
procurement@derby.ac.uk
Contact Phone
+44 1332591094

Buyer Location

Locality
DERBY
Postcode
DE22 1GB
Post Town
Derby
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF11 Derby
Delivery Location
TLF East Midlands (England)

Local Authority
Derby
Electoral Ward
Allestree
Westminster Constituency
Mid Derbyshire

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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