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CP0326 Provision of Banking Services

Inverclyde Council

This public procurement record has 2 releases in its history.

Award

01 Mar 2019 at 00:00

OJEU - F3 - Contract Award Notice
Tender

10 Dec 2018 at 00:00

OJEU - F2 - Contract Notice
Summary of the contracting process

Inverclyde Council is inviting tenders for the "CP0326 Provision of Banking Services," aimed at managing bank accounts for day-to-day operations including Council Tax and Non-Domestic rates collection, payments, and Treasury Management. The procurement process is currently in the Award stage, following the completion of the tender period that ended on 21 January 2019. This open procurement, located in Greenock, UK, has an estimated contract value of £480,000, with the current contract awarded to Bank of Scotland Plc, signed on 20 February 2019. The contract duration commenced on 1 April 2019 and extends through to 31 March 2024, with opportunities for renewal up to 2027.

This procurement presents significant opportunities for businesses specialising in banking services, particularly those that are authorised by the Financial Conduct Authority. Companies with a robust financial standing and those able to demonstrate relevant experience are well-suited to compete for this contract. Bidders are encouraged to provide community benefits such as educational resources and local supply chain initiatives, which will play a pivotal role in contract evaluation. Engaging in this tender may enhance a business’s profile and foster growth through collaboration with local government projects.

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Notice Information

Notice Title

CP0326 Provision of Banking Services

Notice Description

Tenders are invited by Inverclyde Council for the provision of Banking Service for bank accounts covering its day to day operations including for Council Tax and Non-Domestic rates collection,Creditor and Payroll payments and a Call Deposit Account. The Council also undertakes Treasury Management operations (involving other call and notice bank accounts and other instruments) which will interact with, but be separate from, the accounts covered by this tender.

Lot Information

Lot 1

Tenders are invited by Inverclyde Council for the provision of Banking Services for bank accounts covering its day to day operations including for Council Tax and Non-Domestic rates collection, Creditor and Payroll payments and a Call Deposit Account. The Council also undertakes Treasury Management operations (involving other call and notice bank accounts and other instruments) which will interact with, but be separate from, the accounts covered by this tender.

Renewal: This contract has the option to extend for a 12 month period until 31/03/2025, a further 12 month period until 31/03/2026 and a final 12 month period to 31/03/2027.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000565889
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR347058
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£480,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£192,797 £100K-£500K

Notice Dates

Publication Date
1 Mar 20197 years ago
Submission Deadline
21 Jan 2019Expired
Future Notice Date
Not specified
Award Date
20 Feb 20197 years ago
Contract Period
1 Apr 2019 - 31 Mar 2024 Over 5 years
Recurrence
December 2023 if no extension period activated. December 2024 if 1st extension period activated. December 2025 if 2nd extension period activated. December 2026 if 3rd extension period activated.

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Inverclyde 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
GREENOCK
Postcode
PA15 1LX
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
Inverclyde
Electoral Ward
Inverclyde North
Westminster Constituency
Inverclyde and Renfrewshire West

Supplier Information

Number of Suppliers
1
Supplier Name

Bank of Scotland Plc

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC339724
    CP0326 Provision of Banking Services - Tenders are invited by Inverclyde Council for the provision of Banking Service for bank accounts covering its day to day operations including for Council Tax and Non-Domestic rates collection,Creditor and Payroll payments and a Call Deposit Account. The Council also undertakes Treasury Management operations (involving other call and notice bank accounts and other instruments) which will interact with, but be separate from, the accounts covered by this tender.
  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR347058
    CP0326 Provision of Banking Services - Tenders are invited by Inverclyde Council for the provision of Banking Service for bank accounts covering its day to day operations including for Council Tax and Non-Domestic rates collection,Creditor and Payroll payments and a Call Deposit Account. The Council also undertakes Treasury Management operations (involving other call and notice bank accounts and other instruments) which will interact with, but be separate from, the accounts covered by this tender.

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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