Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Banking Services Contract

Shetland Islands Council

This public procurement record has 2 releases in its history.

Award

17 Nov 2020 at 00:00

PCS Notice - Website Contract Award Notice
Tender

31 Jan 2020 at 00:00

PCS Notice - Website Contract Notice
Summary of the contracting process

The Shetland Islands Council has completed a procurement process for a Banking Services Contract, valued at £59,620 and located in Lerwick, Shetland Islands. The tender followed an open procurement method and was initiated on 31 January 2020, with bids due by 24 February 2020. The contract has been awarded to Lloyds Bank plc, and it is set to provide banking services through an open procedure in accordance with the Procurement (Scotland) Regulations 2016.

This contract offers significant opportunities for growth, particularly for businesses specialising in banking and financial services. Companies that can demonstrate their capability to maintain a local branch in Shetland, provide evidence of similar services, and meet stringent financial criteria are well-suited to compete. The procurement process encourages participation from established financial institutions that can fulfil the economic and technical requirements outlined in the tender documentation.

How relevant is this notice?

Notice Information

Notice Title

Banking Services Contract

Notice Description

Provision of Banking Services

Lot Information

Lot 1

An open procedure was followed in accordance with the Procurement (Scotland) Regulations 2016.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000588853
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV399813
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
PCS Notice - Website 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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£59,620 Under £100K

Notice Dates

Publication Date
17 Nov 20205 years ago
Submission Deadline
24 Feb 2020Expired
Future Notice Date
Not specified
Award Date
26 Oct 20205 years ago
Contract Period
1 Apr 2020 - 31 Mar 2025 Over 5 years
Recurrence
5 years

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Shetland Islands 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
LERWICK
Postcode
ZE1 0HB
Postcode Area
Lerwick
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM2 Highlands and Islands
Small Region (ITL 3)
TLM20 Highlands and Islands
Delivery Location
TLM66 Shetland Islands
Local Authority
Shetland Islands
Electoral Ward
Lerwick North and Bressay
Westminster Constituency
Orkney and Shetland

Supplier Information

Number of Suppliers
1
Supplier Name

Lloyds Bank plc

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...