Planning

Banking and Cash Management Services

TRANSPORT FOR LONDON

This public procurement record has 1 release in its history.

Planning

21 May 2025 at 16:55

UK1 - Pipeline Notice
Summary of the contracting process

Transport for London is planning a procurement process for Banking and Cash Management Services, which includes international Oyster refund payments and custodian and settlement services. This process, currently in the planning stage, will potentially commence with re-sourcing activities 18 months before the current contract expires in March 2027. The procurement falls under the industry category of financial and insurance services and is located in London, United Kingdom. A future notice is expected to be published by 1st December 2025. The procurement's main category is services with a planned contract period from April 2027 to March 2030, with a possibility of renewal until March 2032.

This tender offers a significant opportunity for businesses specialising in financial services, including banking, cash management, and securities management, to engage with a major public sector organisation. Small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are particularly encouraged to consider participation. The opportunity provides potential growth in handling central governmental financial processes and long-term engagement prospects due to the contract's possible extension. The procurement process will be an attractive option for firms looking to expand their portfolio within the public sector domain.

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Notice Information

Notice Title

Banking and Cash Management Services

Notice Description

Banking and cash management, international oyster refund payments and securities (custodian and settlement) services.Current contract to expire in March 2027; re-sourcing activities to start 18 months prior to expiry.Retender procurement route yet to be determined.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-051c26
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/024341-2025
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK1 - Pipeline Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
21 May 20259 months ago
Submission Deadline
Not specified
Future Notice Date
1 Dec 2025Expired
Award Date
Not specified
Contract Period
31 Mar 2027 - 31 Mar 2030 3-4 years
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
TRANSPORT FOR LONDON
Contact Name
Ilva Cunka
Contact Email
ilvacunka@tfl.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
Not specified
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Further Information

Notice Documents

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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