Planning

B631/25 - The Provision of Banking Services for Bridgend County Borough Council

BRIDGEND COUNTY BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Planning

10 Jun 2024 at 15:42

S2W Notice - Website Prior Information Notice
Summary of the contracting process

The Bridgend County Borough Council is in the planning stage of a tender process for the provision of banking services. This opportunity, identified with reference WA Ref:142069, aims to secure banking services for both online and physical operations. The Council is focusing on fast payment processing, BACS payments, Direct Debit collection, and cash availability. Online one-to-one meetings are scheduled for 27th June 2024 to engage with interested parties. The tender process is estimated to commence on 2nd September 2024.

This public procurement tender for banking services presents a lucrative opportunity for financial institutions and banking service providers to engage with Bridgend County Borough Council. Businesses with expertise in providing a wide range of banking services, including online and physical transactions, payment processing, and account management, would be well-suited to compete for this contract. The engagement event offers a chance to understand regulatory requirements and present tailored solutions to meet the Council's banking needs effectively.

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Notice Information

Notice Title

B631/25 - The Provision of Banking Services for Bridgend County Borough Council

Notice Description

Bridgend County Borough Council (BCBC) is holding a Pre-Market Engagement Event for The Provision of Banking Services.The Provision of Banking Services is an important contract within the authority and when procuring, the Council will be seeking the provision of banking services both online and physical via branches where it is possible in the locality. As part of the services required the Council seeks to be able to process faster/next day or international payments, allow it to make BACS payments, collect Direct Debits, process payment files output from the Schools Information Management System (SIMS) (these are single files with multiple payee's. They are Text format), deposit monies and have the provision of cash available. There will be a need to administer many bank accounts with a variety of users and requirements.Prior to procuring, we are asking organisations for information and advice on the provisions the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) place on Banking institutions.One-to-one meetings will be held online via Microsoft Teams on 27th June 2024. To secure and book a one-to-one meeting please drop an email to tenders@bridgend.gov.uk, clearly stating in the subject - Pre Market Engagement Event for Banking Services and we can book in a suitable time for all parties.The objectives of the Pre-Market Engagement Process for BCBC are to:1. Understand the specific legal clauses established by the Financial Conduct Authority (FCA) that banking institutions must abide by.2. Understand whether these are standard clauses across all Banking Institutions, or, whether there are differences between organisations.Estimated date for the commencement of tender process2nd September 2024.Additional InformationTo secure and book a one-to-one meeting please drop an email to tenders@bridgend.gov.uk, clearly stating in the subject - Pre-Market Engagement Event - Banking Services and we can book in a suitable time for all parties.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-142069
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=142069
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
S2W Notice - Website Prior Information 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

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

Notice Value(s)

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

Notice Dates

Publication Date
10 Jun 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BRIDGEND COUNTY BOROUGH COUNCIL
Contact Name
Laura Ashton
Contact Email
Not specified
Contact Phone
Not specified

Buyer Location

Locality
BRIDGEND
Postcode
CF31 4WB
Post Town
Cardiff
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL51 Central Valleys and Bridgend
Delivery Location
Not specified
Local Authority
Bridgend
Electoral Ward
Bridgend Central
Westminster Constituency
Bridgend

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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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