Tender

TfW Banking Services

TRANSPORT FOR WALES

This public procurement record has 2 releases in its history.

Tender

17 Jan 2025 at 16:14

Planning

17 Dec 2024 at 15:30

Summary of the contracting process

Transport for Wales (TfW) is currently in the tender stage of procuring banking services for itself and its subsidiary organisations. The procurement process, classified under the industry category of "Banking services," involves an open procedure and is supported by the eTenderWales platform. The tender, identified by ITT reference itt_115177 and project_58276, aims to secure a banking services delivery partner. The contract is expected to be awarded by 1st April 2025, with the implementation and full operation of the new banking arrangements required by 31st March 2026. This opportunity is situated in the UK, specifically in the region of UKL, and the final submission deadline for bids is set for 12:00 PM on 17th February 2025. The contract, lasting 1080 days with possible renewals, covers various services including maintenance of bank accounts, cash and cheque handling, domestic and international payment processing, and internet banking services.

This tender presents significant opportunities for businesses specialising in banking and financial services, particularly those with experience in public sector banking arrangements. Companies that can deliver comprehensive and efficient money transition services, as well as those offering advanced internet banking solutions, would find this contract beneficial for growth. The set criteria for the award, prioritising quality (80%) and price (20%), ensure that high-calibre services are sought. As TfW operates multiple subsidiaries and requires integration with various financial processes, this tender is ideal for banking firms adept at handling complex, large-scale operations with a robust capability for both domestic and international financial transactions.

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Notice Title

TfW Banking Services

Notice Description

We are looking to procure a contract that will deliver the banking services required for Transport for Wales (TfW) and its subsidiary organisations. TfW intends to award the contract by 1st April 2025. The new banking arrangements must be implemented and fully operational by 1st April 2026.

Lot Information

Lot 1

We are tendering a banking services delivery partner to support Transport for Wales (TfW) and its subsidiary companies. TfW intends to award the contract by 1st April 2025 and the new banking arrangements must be implemented and fully operational by 31st March 2026. The contract will include full provision of money transition services - to include maintenance of bank accounts, cash and cheque handling, payment procession (domestic and international) and other services associated with public sector banking arrangements. An internet banking service for balance/transaction reporting and payment initiation will also be required.

Options: The volumes of services may change during the life of the contract.

Renewal: Option to extend for up to two periods of 12 months each.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04c8d7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/001770-2025
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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
17 Jan 20251 years ago
Submission Deadline
17 Feb 2025Expired
Future Notice Date
31 Mar 2025Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Q1 2030

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
TRANSPORT FOR WALES
Contact Name
Not specified
Contact Email
procurement@tfw.wales
Contact Phone
+44 2921673434

Buyer Location

Locality
PONTYPRIDD
Postcode
CF37 4TH
Post Town
Cardiff
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL51 Central Valleys and Bridgend
Delivery Location
TLL Wales

Local Authority
Rhondda Cynon Taf
Electoral Ward
Pontypridd Town
Westminster Constituency
Pontypridd

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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