Award

DA from NEPO531 FW for General Banking Services

STOCKTON-ON-TEES BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

13 Feb 2025 at 08:41

Award Notice
Summary of the contracting process

Stockton-on-Tees Borough Council has completed its procurement process for General Banking Services within the framework of NEPO531. The contract was awarded to National Westminster Bank through a direct award procedure without prior publication of a call for competition. The procurement falls under the services category, specifically banking services (CPV 66110000). Although the notice status of the lot was cancelled, the contract was signed on 4th December 2024 and is valued at £323,431.20. The service location is the UKC11 region. This procurement process was compliant with the regulation stipulated under the directive 32014L0024.

This tender represents a significant opportunity for banking service providers looking to expand their footprint in the public sector, particularly within local government frameworks. Large-scale banking institutions are well-positioned to compete for such direct awards, which often require a demonstrated capability and compliance with strict regulatory standards. The availability of extensions in this contract, potentially leading to an eight-year engagement, offers a stable and long-term business growth opportunity for the supplier.

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Notice Information

Notice Title

DA from NEPO531 FW for General Banking Services

Notice Description

DA from NEPO531 FW for General Banking Services. A compliant direct award was made under the NEPO531 framework for the provision of General Banking Services for Stockton-on-Tees Borough Council.

Lot Information

Lot 1

This notice is to notify the market of the award of General Banking Services via a DA from NEPO531 FW for General Banking Services. A compliant direct award was made under the NEPO531 framework for the provision of General Banking Services for Stockton-on-Tees Borough Council.

Options: This contract is a 4 year initial term, plus 4 x 12 month extensions.

Procurement Information

This is a compliant direct award via NEPO531 General Banking Services, where the most appropriate provider was selected.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04de67
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/004842-2025
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
£323,431 £100K-£500K

Notice Dates

Publication Date
13 Feb 20251 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
4 Dec 20241 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
STOCKTON-ON-TEES BOROUGH COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
STOCKTON-ON-TEES
Postcode
TS17 6BJ
Post Town
Cleveland
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC3 Tees Valley
Small Region (ITL 3)
TLC31 Hartlepool and Stockton-on-Tees
Delivery Location
TLC11 Hartlepool and Stockton-on-Tees
Local Authority
Stockton-on-Tees
Electoral Ward
Mandale & Victoria
Westminster Constituency
Middlesbrough and Thornaby East

Supplier Information

Number of Suppliers
1
Supplier Name

NATIONAL WESTMINSTER BANK

Further Information

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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