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P-3254 Corporate Banking and Cash Handling Services

Translink

This public procurement record has 4 releases in its history.

Award

30 Mar 2026 at 09:24

UK7 - Contract Details Notice
Award

10 Dec 2025 at 10:37

UK6 - Contract Award Notice
Tender

13 Oct 2025 at 09:40

UK4 - Tender Notice
Planning

26 May 2025 at 11:39

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

The procurement process for Translink's Corporate Banking and Cash Handling Services has been successfully completed, with the award announced on 30th March 2026. Translink, a public undertaking, operates under Northern Irish devolved regulations from its base in Belfast, Northern Ireland. This procurement involved an open procedure, covering two primary service lots. Lot 1 focused on Corporate Banking Services, secured by Barclays Bank Plc, whereas Lot 2 dealt with Cash Processing Services, awarded to Bank of Ireland UK Plc. Each contract is set to commence on 3rd June 2026, running for an initial period of four years with the possibility of two extensions, potentially extending each term until June 2034. The procurement process fell under a special regime for utilities and was covered by the GPA, ensuring compliance with international procurement standards.

This tender represents a significant opportunity for large-scale financial institutions capable of providing comprehensive financial and insurance services. By engaging with such contracts, firms can tap into steady revenue streams and long-term partnerships with public sector entities like Translink. Companies specialising in corporate banking and cash handling services can leverage this opportunity to demonstrate their expertise, optimise asset management for their clients, and showcase innovative financial solutions. It is especially suited for established financial institutions looking to expand their client base within the public sector, enhancing their portfolio and reputation in servicing utility-based organisations.

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Notice Information

Notice Title

P-3254 Corporate Banking and Cash Handling Services

Notice Description

Translink is seeking to appoint a supplier to deliver comprehensive cash processing and corporate banking services that will enable Translink to efficiently manage its financial operations, cashflow requirements and investment activities. This opportunity comprises of 2 lots; Lot 1: Corporate Banking Services and Lot 2: Cash Processing Services

Lot Information

Corporate Banking Services

A comprehensive suite of corporate banking services to support Translink's financial operations as a large public sector organisation.

Renewal: The contract will be for an initial contract term of 4 years from 3rd June 2026 until 2nd June 2030 with 2 options to extend, each option being period of 2 years; a potential maximum contract term of 8 years until 2nd June 2034.

Cash Processing Services

Provision of secure banking and processing of daily cash takings collected by Translink's appointed Cash-in-Transit (CIT) provider.

Renewal: The contract will be for an initial contract term of 4 years from 3rd June 2026 until 2nd June 2030 with 2 options to extend, each option being period of 2 years; a potential maximum contract term of 8 years until 2nd June 2034.

Planning Information

This is a Pre-Market Engagement exercise (PME) that seeks input from the market to inform the upcoming re-tender of Translink’s Corporate Banking and Cash Handling Services. Translink are seeking to invite suitable suppliers in this sector to respond to a questionnaire via eTenders NI. Following assessment of the responses received, Translink may invite suppliers to attend a short Teams session to further discuss their responses. Questionnaires must be submitted via the messaging portal for the relevant CfT on eTendersNI by no later than 12:00 on 23rd June 2025.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05263c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/028868-2026
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66100000 - Banking and investment services

66110000 - Banking services

66112000 - Deposit services

Notice Value(s)

Tender Value
£960,000 £500K-£1M
Lots Value
£960,000 £500K-£1M
Awards Value
£960,000 £500K-£1M
Contracts Value
£3,282,000 £1M-£10M

Notice Dates

Publication Date
30 Mar 20265 months ago
Submission Deadline
11 Nov 2025Expired
Future Notice Date
23 Jun 2025Expired
Award Date
10 Dec 20258 months ago
Contract Period
3 Jun 2026 - 2 Jun 2030 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Translink
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BELFAST
Postcode
BT2 7LX
Postcode Area
Northern Ireland
Country
Northern Ireland
Major Region (ITL 1)
TLN Northern Ireland
Basic Region (ITL 2)
TLN0 Northern Ireland
Small Region (ITL 3)
TLN06 Belfast
Delivery Location
TLN0 Northern Ireland
Local Authority
Belfast
Electoral Ward
Central
Westminster Constituency
Belfast South and Mid Down

Supplier Information

Number of Suppliers
2
Supplier Names

Bank of Ireland UK plc

Barclays Bank Plc

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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