Award

Provision of Banking Services

WEST MIDLANDS COMBINED AUTHORITY

This public procurement record has 2 releases in its history.

Award

22 Jan 2025 at 12:46

Tender

24 Jun 2024 at 10:06

Summary of the contracting process

The West Midlands Combined Authority (WMCA) is seeking to procure banking services, classified under the CPV code 66110000, indicating banking services. The procurement process is currently in the active tender stage, with an open procedure being utilised. The key services required include BACS, faster payments, CHAPS, online account access for real-time balance and transaction queries, cheque and credit book facilities, bulk cash deposits/withdrawals, and credit facilities. Businesses interested have until 19th July 2024, 17:00 BST, to submit their tenders electronically or in written form. The contract award announcement is scheduled for 23rd July 2024, with the bid opening on the same day. The location for the service delivery is the UK, specifically benefiting the organisations associated with WMCA, based in Birmingham.

This tender offers substantial opportunities for businesses specialising in banking services to expand their portfolio by partnering with a significant regional authority like the WMCA. The contract encompasses a broad range of banking operations, making it ideal for established financial institutions with comprehensive service offerings. Businesses with capabilities in secure electronic transactions, high-volume cash handling, and advanced digital banking solutions are well-suited to compete. The option for the contract extension by an additional two years also presents prospects for long-term collaboration and business growth.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Provision of Banking Services

Notice Description

To provide banking services to WMCA and associated organisations.

Lot Information

Lot 1

Provision of Banking Services to WMCA and its associated organisations.

Renewal: The contract has the option to be extended by a further 2 years

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-047213
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/002168-2025
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
SME

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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£75,484 Under £100K

Notice Dates

Publication Date
22 Jan 20251 years ago
Submission Deadline
19 Jul 2024Expired
Future Notice Date
Not specified
Award Date
21 Jan 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

Contracting Authority (Buyer)

Main Buyer
WEST MIDLANDS COMBINED AUTHORITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BIRMINGHAM
Postcode
B19 3SD
Post Town
Birmingham
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
Not specified

Local Authority
Birmingham
Electoral Ward
Newtown
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS BANK

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-047213-2025-01-22T12:46:29Z",
    "date": "2025-01-22T12:46:29Z",
    "ocid": "ocds-h6vhtk-047213",
    "initiationType": "tender",
    "tender": {
        "id": "ocds-h6vhtk-047213",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "Provision of Banking Services",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66110000",
            "description": "Banking services"
        },
        "mainProcurementCategory": "services",
        "description": "To provide banking services to WMCA and associated organisations.",
        "lots": [
            {
                "id": "1",
                "description": "Provision of Banking Services to WMCA and its associated organisations.",
                "contractPeriod": {
                    "durationInDays": 1800
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "The contract has the option to be extended by a further 2 years"
                },
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "hasOptions": false,
                "status": "cancelled",
                "awardCriteria": {
                    "criteria": [
                        {
                            "type": "price"
                        }
                    ]
                }
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "UK"
                    },
                    {
                        "region": "UK"
                    }
                ],
                "relatedLot": "1",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66100000",
                        "description": "Banking and investment services"
                    }
                ]
            }
        ],
        "submissionMethod": [
            "electronicSubmission",
            "written"
        ],
        "submissionMethodDetails": "https://wmca.bravosolution.co.uk/web/login.html",
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "coveredBy": [
            "GPA"
        ],
        "tenderPeriod": {
            "endDate": "2024-07-19T17:00:00+01:00"
        },
        "submissionTerms": {
            "languages": [
                "en"
            ]
        },
        "awardPeriod": {
            "startDate": "2024-07-23T17:00:00+01:00"
        },
        "bidOpening": {
            "date": "2024-07-23T17:00:00+01:00"
        },
        "hasRecurrence": true
    },
    "parties": [
        {
            "id": "GB-FTS-2655",
            "name": "West Midlands Combined Authority",
            "identifier": {
                "legalName": "West Midlands Combined Authority"
            },
            "address": {
                "streetAddress": "16 Summer Lane",
                "locality": "Birmingham",
                "region": "UK",
                "postalCode": "B19 3SD",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 3453036760",
                "email": "Victoria.Taylor@wmca.org.uk",
                "url": "https://wmca.bravosolution.co.uk/web/login.html"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "url": "https://www.wmca.org.uk/",
                "classifications": [
                    {
                        "scheme": "TED_CA_TYPE",
                        "id": "REGIONAL_AUTHORITY",
                        "description": "Regional or local authority"
                    },
                    {
                        "scheme": "COFOG",
                        "id": "01",
                        "description": "General public services"
                    }
                ]
            }
        },
        {
            "id": "GB-FTS-17574",
            "name": "West Midlands Combined Authority",
            "identifier": {
                "legalName": "West Midlands Combined Authority"
            },
            "address": {
                "locality": "Birmingham",
                "countryName": "United Kingdom"
            },
            "roles": [
                "reviewBody"
            ]
        },
        {
            "id": "GB-FTS-135837",
            "name": "Lloyds Bank Plc",
            "identifier": {
                "legalName": "Lloyds Bank Plc",
                "id": "00002065"
            },
            "address": {
                "locality": "London",
                "region": "UK",
                "countryName": "United Kingdom"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "scale": "sme"
            }
        },
        {
            "id": "GB-FTS-122043",
            "name": "West Midlands Combined Authority",
            "identifier": {
                "legalName": "West Midlands Combined Authority"
            },
            "address": {
                "streetAddress": "16 Summer Lane",
                "locality": "Birmingham",
                "postalCode": "b193SD",
                "countryName": "United Kingdom"
            },
            "roles": [
                "reviewBody"
            ]
        }
    ],
    "buyer": {
        "id": "GB-FTS-2655",
        "name": "West Midlands Combined Authority"
    },
    "language": "en",
    "awards": [
        {
            "id": "002168-2025-082054-1",
            "relatedLots": [
                "1"
            ],
            "title": "Provision of Banking Services",
            "status": "active",
            "suppliers": [
                {
                    "id": "GB-FTS-135837",
                    "name": "Lloyds Bank Plc"
                }
            ]
        }
    ],
    "contracts": [
        {
            "id": "002168-2025-082054-1",
            "awardID": "002168-2025-082054-1",
            "title": "Provision of Banking Services",
            "status": "active",
            "value": {
                "amount": 75484,
                "currency": "GBP"
            },
            "dateSigned": "2025-01-21T00:00:00Z"
        }
    ],
    "bids": {
        "statistics": [
            {
                "id": "1",
                "measure": "bids",
                "relatedLot": "1",
                "value": 4
            }
        ]
    }
}