Award

Banking Services

LINCOLNSHIRE COUNTY COUNCIL

This public procurement record has 2 releases in its history.

Award

16 Apr 2024 at 14:04

Tender

28 Jul 2023 at 11:00

Summary of the contracting process

The procurement process for banking services was successfully completed by Lincolnshire County Council. The council required money transmission banking services that include maintaining bank accounts, cash and cheque handling, BACS, CHAPS, Faster Payments processing, and other money transmission services associated with local authority banking arrangements. The procurement method used was an open procedure, and the contract was awarded to Barclays Bank PLC on 31st March 2024.

This tender by Lincolnshire County Council for banking services presents a growth opportunity for businesses providing financial and banking services. Companies offering banking and investment services, particularly those experienced in money transmission services and internet banking solutions, would be well-suited to compete. The contract value was £152,222 GBP, awarded to Barclays Bank PLC, a large-scale supplier in the banking sector, showcasing potential for similar organisations to participate in future procurement opportunities.

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Notice Title

Banking Services

Notice Description

The services which were being procured as part of this procurement are money transmission banking services. The banking services required include the maintenance of bank accounts, cash and cheque handling, BACS, CHAPS, Faster Payments processing and other money transmission services associated with local authority banking arrangements.

Lot Information

Lot 1

This was procured through an Open Procedure

Renewal: An extension year will be available after the first 60 months.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03eb37
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/012372-2024
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

66100000 - Banking and investment services

66110000 - Banking services

Notice Value(s)

Tender Value
£210,000 £100K-£500K
Lots Value
£210,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£152,222 £100K-£500K

Notice Dates

Publication Date
16 Apr 20241 years ago
Submission Deadline
28 Aug 2023Expired
Future Notice Date
Not specified
Award Date
31 Mar 20241 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

Contracting Authority (Buyer)

Main Buyer
LINCOLNSHIRE COUNTY COUNCIL
Contact Name
Mr Matt Moore
Contact Email
procurement.lincolnshire@lincolnshire.gov.uk
Contact Phone
+44 1522

Buyer Location

Locality
LINCOLN
Postcode
LN1 1YL
Post Town
Lincoln
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF3 Lincolnshire
Small Region (ITL 3)
TLF30 Lincolnshire CC
Delivery Location
TLF3 Lincolnshire

Local Authority
Lincoln
Electoral Ward
Carholme
Westminster Constituency
Lincoln

Supplier Information

Number of Suppliers
1
Supplier Name

BARCLAYS 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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