Tender

Banking Services

NORFOLK COUNTY COUNCIL

This public procurement record has 1 release in its history.

TenderUpdate

18 Sep 2024 at 09:42

Summary of the contracting process

Norfolk County Council, along with several district councils including Breckland, Broadland, North Norfolk, South Norfolk, Great Yarmouth, King's Lynn and West Norfolk, and Norwich City Council, seeks banking services. The contract, titled "Banking Services," falls under the services category with CPV classification 66110000. The initial contract term is for 5 years with the possibility of two 2-year extensions, totalling up to 9 years. The procurement process is currently in the tender stage, with a submission deadline amendment extended to 30th September 2024 at 14:00. Further details and specifications of the requirements can be found in the Service Specification schedule.

This tender represents a significant opportunity for businesses specialising in banking services to establish long-term partnerships with multiple local authorities. Suitable candidates include financial institutions and banks with the ability to manage separate contracts for each participating Contracting Authority. Winning this tender could provide avenues for substantial growth, expanding market presence, and securing a stable revenue stream over the potential maximum 9-year period.

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Notice Title

Banking Services

Notice Description

Norfolk County Council on its own behalf and on behalf of Breckland, Broadland, North Norfolk and South Norfolk District Councils, Great Yarmouth, King's Lynn and West Norfolk Borough Councils and Norwich City Council and subsidiaries of the aforementioned authorities (together knowns as the Contracting Authorities) wishes to purchase banking services for themselves and with the other authorities listed, including their subsidiaries.While a single provider will be chosen for the provision of banking services, individual contracts will be required for each Contracting Authority participating. We are looking for an initial contract term of 5 years plus two extensions of 2 years up to a total term of 9 years.Full details of the requirement can be found in the Service Specification, which forms a Schedule to the Terms and Conditions.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-049bc0
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/029786-2024
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Sep 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
NORFOLK COUNTY COUNCIL
Contact Name
Not specified
Contact Email
sourcingteam@norfolk.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
NORWICH
Postcode
NR1 2DH
Post Town
Norwich
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH5 Norfolk
Small Region (ITL 3)
TLH51 Norwich and East Norfolk
Delivery Location
Not specified

Local Authority
Norwich
Electoral Ward
Lakenham
Westminster Constituency
Norwich South

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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