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

Aberdeenshire Council

This public procurement record has 2 releases in its history.

Award

11 Sep 2024 at 01:00

OJEU - F3 - Contract Award Notice
Tender

30 May 2024 at 01:00

OJEU - F2 - Contract Notice
Summary of the contracting process

Aberdeenshire Council, in collaboration with Aberdeen City Council and The Highland Council, solicited tenders for the provision of Banking Services, with a total estimated value of GBP £475,000. This open procedure tender, described as providing banking services to the councils, was detailed in a contract notice issued on 30th May 2024, with submissions closing on 1st July 2024. The procurement process, classified under CPV code 66110000 and COFOG category "General public services," focused on services to be delivered in Aberdeen City, Aberdeenshire, and Inverness. Despite the structured process, which included quality and price as award criteria, the tender concluded unsuccessfully as indicated in the award notice dated 11th September 2024.

This tender represents significant business growth opportunities for firms specialising in financial services, particularly those capable of managing large-scale public sector contracts. The requirements of the tender call for businesses with established capabilities in banking service provision, compliance with financial regulations, and strong contract performance management. Firms with expertise in handling substantial public sector clients and possessing the necessary financial stability, insurance, and experience are well-suited to compete. The option to extend the contract by up to 24 months further enhances the growth prospects for successful bidders, offering stable and prolonged engagements with multiple larger councils in Scotland.

How relevant is this notice?

Notice Information

Notice Title

Banking Services

Notice Description

Provision of Banking Services for Council(s)

Lot Information

Lot 1

Provision of council banking services for the following three councils, Aberdeenshire Council, Aberdeen City Council and The Highland Council. Each Council will have their own contract with the winning bidder.

Options: Option to extend the contract in total by up to 24 months via a single or multiple extensions.

Renewal: Up to 24 months extension options

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000766664
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP514061
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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£475,000 £100K-£500K
Lots Value
£475,000 £100K-£500K
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 Sep 20241 years ago
Submission Deadline
1 Jul 2024Expired
Future Notice Date
Not specified
Award Date
11 Sep 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
May 2029

Notice Status

Tender Status
Unsuccessful
Lots Status
Unsuccessful
Awards Status
Unsuccessful
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Aberdeenshire Council
Additional Buyers

Aberdeen City Council

The Highland 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
ABERDEEN
Postcode
AB16 5GB
Postcode Area
Aberdeen
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM5 North Eastern Scotland
Small Region (ITL 3)
TLM50 Aberdeen City and Aberdeenshire
Delivery Location
TLM5 North Eastern Scotland
Local Authority
Aberdeen City
Electoral Ward
Midstocket/Rosemount
Westminster Constituency
Aberdeen North

Further Information

Notice Documents

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...