Award

Provision of Banking Services 2024-2026

NORTH LANARKSHIRE COUNCIL

This public procurement record has 1 release in its history.

Award

27 Mar 2024 at 00:00

PCS Notice - Website Contract Award Notice
Summary of the contracting process

The North Lanarkshire Council has awarded a contract for the Provision of Banking Services to the Royal Bank of Scotland. The contract, with an estimated value of £120,000, was signed on March 26, 2024. This procurement process was completed under the open procedure method in the services category. The Council is the buying organization located in Motherwell, UK. The tender titled "Provision of Banking Services 2024-2026" falls under the industry category of General public services and ICT.

This awarded contract for banking services by the North Lanarkshire Council opens up business opportunities, especially for large-scale financial institutions or banks like the Royal Bank of Scotland. Companies offering a range of services like bank account facilities, direct debit systems, and internet banking are suited to compete in such tenders. The successful completion of this contract demonstrates the potential for growth and collaboration with public authorities like councils in providing essential financial services.

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Notice Information

Notice Title

Provision of Banking Services 2024-2026

Notice Description

Provision of a Banking Service which as a minimum will cover the key requirements outlined within Section 3 below. These services are required for the Authority (North Lanarkshire Council (NLC)). This incorporates various accounts for day-to-day business of the Authority, and individual accounts for imprests, school funds and Office of Public Guardian purposes. The Authority also manages the banking relationship for Fusion Assets Ltd (FSL). For this company transactional/service activity is relatively low and it is anticipated that the banking service offered will also apply to this company. The range of general banking services required will include: * Bank account facilities/Access to branch network; * Direct Debit payment system e.g. BACS; * Cashing/opening credit facilities; and, * Internet banking

Lot Information

Lot 1

Provision of a Banking Service which as a minimum will cover the key requirements outlined within Section 3 below. These services are required for the Authority (North Lanarkshire Council (NLC)). This incorporates various accounts for day-to-day business of the Authority, and individual accounts for imprests, school funds and Office of Public Guardian purposes. The Authority also manages the banking relationship for Fusion Assets Ltd (FSL). For this company transactional/service activity is relatively low and it is anticipated that the banking service offered will also apply to this company. The range of general banking services required will include: * Bank account facilities/Access to branch network; * Direct Debit payment system e.g. BACS; * Cashing/opening credit facilities; and, * Internet banking. 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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000762289
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR501946
Current Stage
Award
All Stages
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
£120,000 £100K-£500K

Notice Dates

Publication Date
27 Mar 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
26 Mar 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NORTH LANARKSHIRE COUNCIL
Contact Name
Not specified
Contact Email
corporateprocurement@northlan.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
MOTHERWELL
Postcode
ML1 1AB
Post Town
Motherwell
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM34 North Lanarkshire
Delivery Location
TLM84 North Lanarkshire
Local Authority
North Lanarkshire
Electoral Ward
Motherwell South East and Ravenscraig
Westminster Constituency
Motherwell, Wishaw and Carluke

Supplier Information

Number of Suppliers
1
Supplier Name

ROYAL BANK OF SCOTLAND

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR501946
    Provision of Banking Services 2024-2026 - Provision of a Banking Service which as a minimum will cover the key requirements outlined within Section 3 below. These services are required for the Authority (North Lanarkshire Council (NLC)). This incorporates various accounts for day-to-day business of the Authority, and individual accounts for imprests, school funds and Office of Public Guardian purposes. The Authority also manages the banking relationship for Fusion Assets Ltd (FSL). For this company transactional/service activity is relatively low and it is anticipated that the banking service offered will also apply to this company. The range of general banking services required will include: * Bank account facilities/Access to branch network; * Direct Debit payment system e.g. BACS; * Cashing/opening credit facilities; and, * Internet banking

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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