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Corporate Banking Services

London Borough of Croydon

This public procurement record has 1 release in its history.

Award

19 Sep 2025 at 12:21

Award Notice
Summary of the contracting process

The London Borough of Croydon has completed a procurement process for Corporate Banking Services, which falls under the industry category of banking and investment services. This procurement was conducted as a direct award via the NEPO531 General Banking Services framework, a method compliant with PCR 2015 that allows for such awards without the need for prior publication of a competitive call. The contract, valued at £535,000, has been awarded to National Westminster Bank Plc, effective from 1st April 2025 and running until 31st March 2033. The procurement was handled using a limited procedure, focusing mainly on price and quality as award criteria.

This tender presents significant opportunities for businesses involved in the banking and finance sector, specifically those capable of providing comprehensive corporate banking services within local government frameworks. With an 8-year contract on offer, businesses positioned to deliver high-quality services and fulfil criteria associated with social value and cost-effectiveness would benefit from exploring similar opportunities. Moreover, businesses with experience in framework agreements like NEPO531 could potentially leverage this to expand their portfolio within public sector contracts, essentially gaining a competitive edge in handling regional authority banking requirements.

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Notice Information

Notice Title

Corporate Banking Services

Notice Description

The London Borough of Croydon seeks to reprocure its Corporate Banking Services contract. The incumbent supplier was invited to tender for this service as a call-off from the NEPO531 General Banking Services framework for a term contract of 8 years, effective from the 1st of April 2025 to the 31st of March 2033.

Lot Information

Lot 1

The procurement is a direct award via a call-off from the NEPO531 General Banking Services framework.

Procurement Information

NEPO531 General Banking Services framework is PCR 2015 compliant and allows for direct award to pre-qualified suppliers as a call-off contract without prior publication of a call for competition.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-059e15
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/058090-2025
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

66100000 - Banking and investment services

66110000 - Banking services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£535,000 £500K-£1M

Notice Dates

Publication Date
19 Sep 202511 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
1 Apr 20251 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
London Borough of Croydon
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CROYDON
Postcode
CR0 1EA
Postcode Area
Croydon
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI62 Croydon
Delivery Location
TLI London
Local Authority
Croydon
Electoral Ward
Fairfield
Westminster Constituency
Croydon West

Supplier Information

Number of Suppliers
1
Supplier Name

National Westminster Bank Plc

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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