Award

Corporate Banking and Merchant Services

TUNBRIDGE WELLS BOROUGH COUNCIL

This public procurement record has 2 releases in its history.

Award

19 Feb 2024 at 15:16

Tender

11 Oct 2023 at 15:32

Summary of the contracting process

Tunbridge Wells Borough Council is seeking to award a contract for corporate banking and card merchant services excluding investment services. The procurement process is currently at the tender stage. The key dates for this opportunity are as follows: Tender release on Wednesday 11th October 2023, Expression of Interest Deadline by 12:00pm Monday 8th November 2023, Deadline for submission of completed tenders by 12:00pm Wednesday 15th November 2023, and Evaluation anticipated for the week commencing Monday 20th November 2023. The Council is located in Tunbridge Wells, United Kingdom within the financial and insurance services industry category.

This tender for corporate banking and merchant services from Tunbridge Wells Borough Council presents an opportunity for businesses to secure a contract providing financial services. Businesses in the banking and investment services sector are well-suited to compete for this opportunity. The procurement method adopted is an open procedure allowing fair competition among interested suppliers. The contract term is an initial 5-year term, with a possible extension of up to 60 months. Successful bidders will have the chance to engage with a regional or local authority, creating potential for long-term business growth in providing public services.

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Notice Title

Corporate Banking and Merchant Services

Notice Description

Tunbridge Wells Borough Council (TWBC) is looking to award a contract for corporate banking and card merchant services (excluding investment services).

Lot Information

Lot 1

Tunbridge Wells Borough Council (TWBC) is looking to award a contract for corporate banking and card merchant services (excluding investment services).

Renewal: This contract term will be an initial 5-year term. The Council would reserve the right to extend this contract for a period of up to 60 months at the end of the initial 5-year contract term.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-040b2d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/005411-2024
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

66000000 - Financial and insurance services

66110000 - Banking services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
19 Feb 20242 years ago
Submission Deadline
8 Nov 2023Expired
Future Notice Date
Not specified
Award Date
19 Feb 20242 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
TUNBRIDGE WELLS BOROUGH COUNCIL
Contact Name
Miss Louisa Coley
Contact Email
louisa.coley@tunbridgewells.gov.uk
Contact Phone
+44 1892526121

Buyer Location

Locality
TUNBRIDGE WELLS
Postcode
TN1 1RS
Post Town
Tonbridge
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ4 Kent
Small Region (ITL 3)
TLJ46 West Kent
Delivery Location
TLJ46 West Kent

Local Authority
Tunbridge Wells
Electoral Ward
Park
Westminster Constituency
Tunbridge Wells

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS BANKING GROUP

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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