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Group Bas - Torus62nking Service

Torus Group

This public procurement record has 2 releases in its history.

Award

08 Mar 2024 at 14:05

Award Notice
Award

17 Nov 2023 at 12:05

Award Notice
Summary of the contracting process

The Torus Group recently awarded a contract for General Banking Services / Cash Management to National Westminster Bank PLC. The procurement process, led by Torus Group, culminated in an active contract worth £300,000 signed on March 2, 2024. The contract falls under the main procurement category of services in the banking industry and was tendered using a limited procurement method without prior publication of a call for competition.

This tender presents growth opportunities for businesses providing banking services, particularly those experienced in general banking and cash management. Interested businesses should be aware that the procurement stage is now at the award phase, with Torus Group having selected National Westminster Bank PLC as the supplier. Businesses looking to compete should focus on offering competitive pricing and demonstrating expertise in banking services. The contract location is in the NORTH WEST (ENGLAND), making it well-suited for businesses operating in that region.

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Notice Information

Notice Title

Group Bas - Torus62nking Service

Notice Description

General Banking Services / Cash Management

Procurement Information

VEAT 2023/S 000-034079 previously postesd with no challenge. Services are concidered out of scope of PCR Regs.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-041acb
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/007535-2024
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
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
£520,000 £500K-£1M

Notice Dates

Publication Date
8 Mar 20242 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
16 Nov 20232 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
Torus Group
Additional Buyers

Torus62 Ltd

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
ST HELENS
Postcode
WA9 1LD
Postcode Area
Warrington
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD71 East Merseyside
Delivery Location
TLD North West (England)
Local Authority
St. Helens
Electoral Ward
Peasley Cross & Fingerpost
Westminster Constituency
St Helens South and Whiston

Supplier Information

Number of Suppliers
1
Supplier Name

National Westminster Bank PLC

Further Information

Open Contracting Data Standard (OCDS)

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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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