Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Provision of Corporate Banking Services

North Ayrshire Council

This public procurement record has 2 releases in its history.

Award

14 Jan 2025 at 00:00

PCS Notice - Website Contract Award Notice
Tender

12 Sep 2024 at 01:00

PCS Notice - Website Contract Notice
Summary of the contracting process

North Ayrshire Council has awarded a contract for the provision of Corporate Banking Services to The Royal Bank of Scotland. The procurement, categorized under General Public Services, pertains to the sector of corporate financial services, specifically CPV codes 66120000, 66100000, and 66000000. Located in North Ayrshire, the contract is set to commence on 1st February 2025 and will span three years, with the possibility of an extension of up to 48 months. The procurement followed an open procedure, with the tender process completed as of 14th January 2025. The contract was signed on 10th January 2025 with an estimated value of £215,670. Interested bidders had until 16th October 2024 to submit their proposals, which were accepted via electronic submission.

This tender creates significant opportunities for businesses involved in corporate banking and financial services, particularly those that can provide comprehensive internet banking facilities tailored for managing council accounts. Large-scale financial service providers, capable of supporting the diverse financial needs of a local authority, are well-suited for this contract. The tender encourages competition and attracts innovative solutions that can enhance business growth by providing consistent, reliable, and efficient banking services. Businesses looking to expand their client portfolio within the public sector and those specializing in corporate financial management will find this contract particularly beneficial. The procurement process also supports community benefits, which can further enhance the local economy and community well-being.

How relevant is this notice?

Notice Information

Notice Title

Provision of Corporate Banking Services

Notice Description

North Ayrshire Council (NAC) seek to notify the market of a potential future contract opportunity for a service provider to deliver Corporate Banking Services to North Ayrshire Council. The contract is anticipated to commence 1st February 2025 for a period of 3 years with the option to extend for up to a further 48 months. The terms and conditions of the contract will be North Ayrshire Council's Terms and Conditions of Contract for the Purchase of Services (NAC TC2).

Lot Information

Lot 1

The council currently operates bank accounts to handle core activities and investments. These accounts require an internet banking facility providing bank account balances, group account cleared and available balances, reporting, find transaction facility, reconciliation facility, payments, inter-account transfers and customised user access.

Renewal: The contract may be extended for up to a further 48 months.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000777672
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN521761
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

66000000 - Financial and insurance services

66100000 - Banking and investment services

66110000 - Banking services

66120000 - Investment banking services and related services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£215,670 £100K-£500K

Notice Dates

Publication Date
14 Jan 20251 years ago
Submission Deadline
16 Oct 2024Expired
Future Notice Date
Not specified
Award Date
10 Jan 20251 years ago
Contract Period
Not specified - Not specified
Recurrence
September 2031

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
North Ayrshire 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
IRVINE
Postcode
KA12 8EE
Postcode Area
Kilmarnock
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM9 Southern Scotland
Small Region (ITL 3)
TLM93 North Ayrshire and East Ayrshire
Delivery Location
TLM93 North Ayrshire and East Ayrshire
Local Authority
North Ayrshire
Electoral Ward
Irvine South
Westminster Constituency
Central Ayrshire

Supplier Information

Number of Suppliers
1
Supplier Name

The Royal Bank of Scotland

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP514163
    Provision of Corporate Banking Services - North Ayrshire Council (NAC) seek to notify the market of a potential future contract opportunity for a service provider to deliver Corporate Banking Services to North Ayrshire Council. The contract is anticipated to commence 1st February 2025 for a period of 3 years with the option to extend for up to a further 48 months. The terms and conditions of the contract will be North Ayrshire Council's Terms and Conditions of COntract for the Purchase of Services (NAC TC2).
  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN521761
    Provision of Corporate Banking Services - North Ayrshire Council (NAC) seek to notify the market of a potential future contract opportunity for a service provider to deliver Corporate Banking Services to North Ayrshire Council. The contract is anticipated to commence 1st February 2025 for a period of 3 years with the option to extend for up to a further 48 months. The terms and conditions of the contract will be North Ayrshire Council's Terms and Conditions of Contract for the Purchase of Services (NAC TC2).

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...