Planning

TfW Banking Services

TRANSPORT FOR WALES

This public procurement record has 1 release in its history.

Planning

17 Dec 2024 at 00:00

Summary of the contracting process

Transport for Wales has initiated a procurement process to secure a contract for delivering banking services required by both Transport for Wales (TfW) and its subsidiary organisations. The procurement, which falls under the services category, is currently in the planning stage. Relevant parties should note that the contract is expected to be awarded by 1st April 2025, with the new banking arrangements to be fully operational by 31st March 2026. The process involves services such as the maintenance of bank accounts, cash and cheque handling, and payment processing, and includes an internet banking service for transaction reporting and payment initiation. Key locations include various regions within the UK, particularly UKL (Wales).

This tender offers significant opportunities for businesses in the banking and financial services sector, particularly those with expertise in public sector banking arrangements. Companies that provide comprehensive banking solutions, including payment processing and online banking services, are well-suited to compete. The planned procurement ensures a substantial period for preparation and implementation, allowing businesses to tailor their offerings to meet the specific requirements of Transport for Wales and its subsidiaries, fostering opportunities for growth and long-term partnership.

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Notice Title

TfW Banking Services

Notice Description

We are looking to procure a contract that will deliver the banking services required for Transport for Wales (TfW) and its subsidiary organisations. TfW intends to award the contract by 1st April 2025. The new banking arrangements must be implemented and fully operational by 1st April 2026

Lot Information

Lot 1

We are tendering a banking services delivery partner to support Transport for Wales (TfW) and its subsidiary companies. TfW intends to award the contract by 1st April 2025 and the new banking arrangements must be implemented and fully operational by 31st March 2026. The contract will include full provision of money transition services - to include maintenance of bank accounts, cash and cheque handling, payment procession (domestic and international) and other services associated with public sector banking arrangements. An internet banking service for balance/transaction reporting and payment initiation will also be required

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-146713
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=146713
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
OJEU - F1 - 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
17 Dec 20241 years ago
Submission Deadline
Not specified
Future Notice Date
1 Apr 2025Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
TRANSPORT FOR WALES
Contact Name
Not specified
Contact Email
procurement@tfw.wales
Contact Phone
+44 2921673434

Buyer Location

Locality
PONTYPRIDD
Postcode
CF37 4TH
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
TLL Wales

Local Authority
Rhondda Cynon Taf
Electoral Ward
Pontypridd Town
Westminster Constituency
Pontypridd

Further Information

Notice Documents

  • https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=DEC496206
    TfW Banking Services - We are looking to procure a contract that will deliver the banking services required for Transport for Wales (TfW) and its subsidiary organisations. TfW intends to award the contract by 1st April 2025. The new banking arrangements must be implemented and fully operational by 1st April 2026

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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