Notice Information
Notice Title
PIN - Banking Services
Notice Description
The Council is seeking to appoint an FCA regulated organisation to provide quality banking services in support of its existing cash management activities. The contract will encapsulate the provision of all business main account services, including facilitating BACS and CHAPS payments. Potential providers would be required to meet the Council's minimum short term credit rating as per the Council's treasury management strategy (currently A+ and F1). It must also be an international clearing bank domiciled in the UK or with a UK subsidiary. The Council is seeking to generate additional process efficiencies, reduce risks, enhance scrutiny controls by embracing automation, and by working closely with the successful provider to implement innovative banking service solutions. This is not an invitation to tender, nor does it preclude or favour eligibility to participate in the formal procurement once it starts. It is a process solely to test the current market capacity, to scope the services, and inform the procurement process. Details in this PIN are subject to being updated or changed in the final tender notice. The Council reserves the right to cancel, postpone, suspend or abort this procurement at any stage. The issue of this PIN in no way commits the Council to commence the procurement process or contract. Any future tender notice will be published on the e-tendering system used by Islington Council, the London Tenders Portal (Pro Contract). We would advise you to register on the e-tendering system now in order that you receive an email alert when and if a tender notice is published.
Lot Information
Lot 1
This is a Prior Information Notice (PIN) for information only. It is not a formal invitation to tender. In the event of a publicly advertised tender being required, you will need to respond to the tender notice to be considered for this contract. The purpose of this PIN is to maximise transparency, act as a soft market test to understand numbers of potential bidders and increase competition for any potential upcoming tender notice, if it is to go ahead. All details in this PIN are subject to being updated or changed in the final tender notice, if required. If you are interested in any future procurement relating to this PIN, then please express your interest to this PIN via The London Tenders Portal.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-04b24b
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/035059-2024
- Current Stage
- Planning
- All Stages
- Planning
Procurement Classification
- Notice Type
- Planning 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
- 29 Oct 20241 years ago
- Submission Deadline
- Not specified
- Future Notice Date
- 1 Mar 2025Expired
- Award Date
- Not specified
- Contract Period
- Not specified - Not specified
- Recurrence
- Not specified
Notice Status
- Tender Status
- Planned
- Lots Status
- Planned
- Awards Status
- Not Specified
- Contracts Status
- Not Specified
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- ISLINGTON COUNCIL
- Contact Name
- Not specified
- Contact Email
- procurement@islington.gov.uk
- Contact Phone
- Not specified
Buyer Location
- Locality
- LONDON
- Postcode
- N1 2UD
- Post Town
- North London
- Country
- England
-
- Major Region (ITL 1)
- TLI London
- Basic Region (ITL 2)
- TLI4 Inner London - East
- Small Region (ITL 3)
- TLI43 Haringey and Islington
- Delivery Location
- TLI London
-
- Local Authority
- Islington
- Electoral Ward
- St Mary's & St James'
- Westminster Constituency
- Islington South and Finsbury
Further Information
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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