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Banking Services

Aberdeenshire Council

This public procurement record has 2 releases in its history.

Award

22 Jan 2025 at 00:00

OJEU - F3 - Contract Award Notice
Tender

11 Sep 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, has completed the procurement process for the provision of banking services, under the title "Banking Services." This procurement, classified under CPV code 66110000 for banking and investment services, caters to general public services in the regions of Aberdeen City, Aberdeenshire, and Inverness (UKM50). The procurement followed an open procedure and was accelerated due to its re-tendering nature. The contract, which was awarded to Clydesdale Bank PLC, was signed on 19th December 2024 and has a total value of GBP 1,032,779. The contract includes options for extension, potentially lasting up to an additional 24 months.

This tender provides significant business growth opportunities for entities in the banking sector, particularly those capable of offering high-quality financial services to regional authorities. Large banking institutions, given their comprehensive service offerings and extensive resources, would be particularly well-suited to compete for such contracts. Moreover, businesses that can ensure a dedicated account representative and possess robust financial management and compliance capabilities are likely to thrive in this space. The tender specifications underscore the importance of meeting professional standards, maintaining reliable service quality, and providing innovative financial solutions tailored to the needs of regional councils.

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Notice Information

Notice Title

Banking Services

Notice Description

Provision of Banking Services for Aberdeenshire, Aberdeen City and The Highland Councils

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-r6ebe6-0000777545
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN522295
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
£475,000 £100K-£500K
Lots Value
£475,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£1,032,779 £1M-£10M

Notice Dates

Publication Date
22 Jan 20251 years ago
Submission Deadline
26 Sep 2024Expired
Future Notice Date
Not specified
Award Date
19 Dec 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
May 2029

Notice Status

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

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

Supplier Information

Number of Suppliers
1
Supplier Name

Clydesdale Bank PLC

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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