Planning

Banking Services for the Met 2029

THE MAYOR'S OFFICE FOR POLICING AND CRIME

This public procurement record has 3 releases in its history.

PlanningUpdate

15 Jul 2025 at 16:44

PlanningUpdate

15 Jul 2025 at 13:07

Planning

23 May 2025 at 08:56

Summary of the contracting process

The contracting authority, The Mayor's Office for Policing And Crime, is in the planning stages of procuring banking services for the Metropolitan Police, with a contract period set from 31st March 2029 to 31st March 2031. This procurement falls under the services category, specifically administrative services for business operations, and is located in London, United Kingdom. The procurement process involves a planned tender expected to be communicated further by 2nd April 2028. The total value of the contract is approximately GBP 2.94 million, with an initial estimate of GBP 2.45 million net of VAT.

This tender offers a significant growth opportunity for businesses specialising in administrative and banking services, particularly those with experience in handling public sector contracts. Companies with robust financial service capabilities and a strong track record in managing governmental contracts are well-suited to compete. By engaging with this contract, businesses can establish themselves as key suppliers to a major public entity and potentially enhance their portfolio and credibility within the public sector market. Given the sizeable contract value and the central government classification of the buyer, this tender could be a cornerstone for expansion into further governmental procurement opportunities.

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Notice Title

Banking Services for the Met 2029

Notice Description

<p>Banking services for the MET 2029</p>

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05205c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/040213-2025
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
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

75 - Administration, defence and social security services


CPV Codes

75112000 - Administrative services for business operations

Notice Value(s)

Tender Value
£2,450,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Jul 20257 months ago
Submission Deadline
Not specified
Future Notice Date
2 Apr 20283 years to go
Award Date
Not specified
Contract Period
31 Mar 2029 - 31 Mar 2031 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
THE MAYOR'S OFFICE FOR POLICING AND CRIME
Contact Name
Surbjit Panesar
Contact Email
sue.panesar@met.police.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SE1 2AA
Post Town
South East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
Not specified

Local Authority
Southwark
Electoral Ward
London Bridge & West Bermondsey
Westminster Constituency
Bermondsey and Old Southwark

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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