Award

Provision of Banking Services to Aberystwyth University

ABERYSTWYTH UNIVERSITY

This public procurement record has 2 releases in its history.

Summary of the contracting process

Aberystwyth University has conducted a procurement process for the provision of banking services under a services category, identified by the CPV code 66110000. The process occurred at the Penglais Campus in Aberystwyth, with key stages of the process concluding by September 16, 2024. The procurement involved an open tender method, beginning on June 11, 2024, and inviting bids until July 15, 2024. Lloyds Bank Plc emerged as the successful supplier, securing an initial five-year contract, with the option for Aberystwyth University to extend it by a further two years incrementally, creating a maximum potential contract length of seven years. The contract was signed and became active on December 5, 2024.

This tender presents significant opportunities for businesses in the banking and financial services sector, particularly those capable of delivering comprehensive banking solutions to a large institution. Businesses with expertise in managing educational institution accounts, offering competitive banking terms, and possessing a robust, reliable service infrastructure would be well-suited to compete in similar procurement processes. Such contracts can potentially lead to long-term partnerships, provide steady revenue, and enhance a supplier's portfolio by association with a reputable academic institution like Aberystwyth University.

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Notice Title

Provision of Banking Services to Aberystwyth University

Notice Description

Aberystwyth University wish to appoint a banking services provider on an initial 5 year contract with the option to extend for a further 2 years in 12 monthly increments for a total maximum contract length of 7 years.

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-142145
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=142145
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
S2W Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
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
5 Dec 20241 years ago
Submission Deadline
15 Jul 2024Expired
Future Notice Date
Not specified
Award Date
5 Dec 20241 years ago
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
Active

Contracting Authority (Buyer)

Main Buyer
ABERYSTWYTH UNIVERSITY
Contact Name
Mark Mountford, Patrick Daniel
Contact Email
mkm@aber.ac.uk, pad47@aber.ac.uk
Contact Phone
+44 1970628720, +44 7580298552

Buyer Location

Locality
ABERYSTWYTH
Postcode
SY23 3AN
Post Town
Shrewsbury
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL4 Mid and South West Wales
Small Region (ITL 3)
TLL41 Mid Wales
Delivery Location
Not specified

Local Authority
Ceredigion
Electoral Ward
Llanbadarn Fawr
Westminster Constituency
Ceredigion Preseli

Supplier Information

Number of Suppliers
1
Supplier Name

LLOYDS BANK

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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