Award

P-3254 Corporate Banking and Cash Handling Services

TRANSLINK

This public procurement record has 3 releases in its history.

Award

10 Dec 2025 at 10:37

Tender

13 Oct 2025 at 08:40

Planning

26 May 2025 at 10:39

Summary of the contracting process

Translink, the buyer, acting under the Northern Irish devolved regulations, recently concluded the procurement process for its "P-3254 Corporate Banking and Cash Handling Services". The contracts are divided into two lots: Corporate Banking Services and Cash Processing Services, reflecting the needs of a public undertaking in Belfast, United Kingdom. The procurement was conducted through an open procedure with key stages including planning, tender, and award. The awards were completed on 10th December 2025 with the contract for Corporate Banking Services being awarded to Barclays Bank Plc and for Cash Processing Services to Bank of Ireland UK plc. The contract periods commence on 3rd June 2026, with an initial term of four years, and options to extend up to a maximum of eight years, offering a significant business opportunity for the suppliers.

This procurement presents substantial opportunities for businesses in the financial services industry, especially for large enterprises positioned to handle comprehensive corporate banking and cash management services. Companies with robust capabilities in financial operations, investments, and secure cash processing can find significant business growth by engaging in such public sector contracts. The structured procurement process underscores the value placed on both technical and commercial evaluation criteria, allowing businesses proficient in these areas to leverage their expertise and establish long-term collaborations with public sector bodies like Translink.

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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.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05263c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/081356-2025
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award 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
Not specified

Notice Dates

Publication Date
10 Dec 20252 months ago
Submission Deadline
11 Nov 2025Expired
Future Notice Date
23 Jun 2025Expired
Award Date
10 Dec 20252 months ago
Contract Period
2 Jun 2026 - 2 Jun 2030 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active, Pending
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
TRANSLINK
Contact Name
Not specified
Contact Email
procurement@translink.co.uk
Contact Phone
Not specified

Buyer Location

Locality
BELFAST
Postcode
BT2 7LX
Post Town
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
TLN Northern Ireland, 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

BARCLAYS BANK

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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