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Framework Contract for Banking Services

Renfrewshire Council

This public procurement record has 2 releases in its history.

Award

23 Mar 2018 at 00:00

OJEU - F3 - Contract Award Notice
Tender

19 Apr 2017 at 01:00

OJEU - F2 - Contract Notice
Summary of the contracting process

Renfrewshire Council is conducting a public procurement process for a "Framework Contract for Banking Services" targeting services within the financial services industry. This procurement is currently active and was initiated on 19 April 2017. The tender will close on 22 May 2017, and it covers services aimed at the Renfrewshire Council Area, Scotland. The contract encompasses two lots, focusing on general banking services for both Renfrewshire Council and Renfrewshire Leisure Limited, and is managed using an open procedure.

This tender offers significant opportunities for growth for businesses specialising in banking and financial services, particularly those equipped to handle municipal banking needs. Companies that can provide a comprehensive suite of banking services, including account management, internet banking solutions, and customer service support, would be well-positioned to compete. The long-term nature of the contract, which may be extended up to seven years, provides a stable revenue opportunity for successful bidders.

How relevant is this notice?

Notice Information

Notice Title

Framework Contract for Banking Services

Notice Description

Framework Contract for Banking Services

Lot Information

Renfrewshire Leisure Limited General Banking Services

RLL currently maintains the following bank accounts: 1 Culture Account 2 RL Sport Account 3 Leisure Trading Account It is likely that similar bank accounts will be required for the new contract although precise requirements will be agreed during implementation. RLL may require instant access deposit accounts depending on credit interest rates proposed for current account balances. Processing Centre Deposits, Bulk Cash Withdrawals Branch Deposits & Withdrawals Credit Facilities BACS Settlement/Clearance Statements/ Return of Vouchers Cheque and Credit Books Internet Banking Service Reconciliation Data Relationship Management & Query Handling Implementation Planning Please note that the associated weightings listed below will be applied to both lots.. Economic Operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015. Please see the ITT in PCS-Tender project relevant to this procurement and the other Procurement Documents for further information.

Renewal: The Framework agreement is for 4 years. Any Call off contract period will be up to an initial 5 years with the option to extend for up to a further 2 years.

Renfrewshire Council General Banking Services

The Council requires the provision of bank accounts and currently maintains 13 accounts. This number may vary over the term of the contract. This includes for example, the following main bank accounts. General Account, Payroll Account, Debtors Account etc. The Council also maintains approximately 10 imprest accounts used by various departments/locations for petty cash. The bank accounts are maintained by associated bodies i.e. they hold non Council funds. It is likely that a similar suite of bank accounts will be required for the new contract although precise requirements will be agreed during implementation. The Council may require instant access deposit accounts depending on credit interest rates proposed for current account balances. Processing Centre Deposits Bulk Cash Withdrawals Branch Deposits & Withdrawals Credit Facilities BACS The Council and Associated Bodies also require. Settlement/Clearance Statements/ Return of Vouchers Cheque and Credit Books Internet Banking Service Reconciliation Data Relationship Management & Query Handling Implementation Planning Please note that the associated weightings listed below will be applied to both lots.. Economic Operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015. Please see the ITT in PCS-Tender project relevant to this procurement and the other Procurement Documents for further information.

Renewal: This framework agreement will be for 4 years. Any call off contract will be up to an initial for 5 years with the option to extend for up to a further 2 years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000491287
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR314596
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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
23 Mar 20188 years ago
Submission Deadline
22 May 2017Expired
Future Notice Date
Not specified
Award Date
27 Sep 20178 years ago
Contract Period
Not specified - Not specified
Recurrence
Notices will be published in line with the contract end/contract extension end dates.

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Renfrewshire Council
Additional Buyers

Renfrewshire Leisure Limited

The Renfrewshire Council

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
PAISLEY
Postcode
PA1 1JB
Postcode Area
Paisley
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM33 Inverclyde, East Renfrewshire, and Renfrewshire
Delivery Location
TLM83 Inverclyde, East Renfrewshire, and Renfrewshire
Local Authority
Renfrewshire
Electoral Ward
Paisley East and Central
Westminster Constituency
Paisley and Renfrewshire South

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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