--- title: "Banking Services" ocid: "ocds-b5fd17-47f4dc2f-0a93-4f84-ab91-1c1dcf043383" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-47f4dc2f-0a93-4f84-ab91-1c1dcf043383" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-47f4dc2f-0a93-4f84-ab91-1c1dcf043383.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-47f4dc2f-0a93-4f84-ab91-1c1dcf043383.json" source: "Contracts Finder" current_stage: "Tender" buyer: "DERBY CITY COUNCIL" published: "2019-09-26" --- # Banking Services Buyer: DERBY CITY COUNCIL Current stage: Tender OCID: ocds-b5fd17-47f4dc2f-0a93-4f84-ab91-1c1dcf043383 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-47f4dc2f-0a93-4f84-ab91-1c1dcf043383) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-47f4dc2f-0a93-4f84-ab91-1c1dcf043383.json) ## Summary The Derby City Council is inviting tenders for Banking Services, with applications due by 10:00 on 25 October 2019. This opportunity falls under the Banking services category and is located in the East Midlands, United Kingdom. The procurement process is currently at the 'Tender' stage, with the deadline for submission set for 14:00 on the same day. The anticipated contract period begins on 1 January 2020, lasting three years with a possible extension of up to two additional years. The estimated annual spend is £112,000, with a total contract value of £560,000. This tender presents a significant opportunity for businesses specialising in banking services, particularly those offering solutions for multiple bank accounts and associated services for local authorities. Companies that fit well into this category may include traditional banks, financial service providers, and fintech firms. Given the open procurement method, this is an excellent chance for suitably qualified suppliers to strengthen their foothold in public sector contracting, especially given the potential for contract extension based on performance. ## Notice The requirement is for banking services (not including merchant acquiring or bill payment services) to provide multiple bank accounts for incoming and outgoing payments including BACS, direct debits and standing orders and other ancillary banking services relevant to a local authority and ALMOs. Please note, suppliers wishing to express interest and obtain the documentation, must do so by 10:00 on 25/10/2019. It is recommended that you express interest and obtain the documentation well before this time to allow sufficient time to prepare and submit a comprehensive response. The deadline for returns is 14:00 on 25/10/2019. Please visit the Council's e-tendering system https://www.eastmidstenders.org where you can express interest and obtain the documents (search for TD1399). Please note we will only accept expressions of interest through the e-tendering system. Additional information: Estimated annual average spend is PS112,000 and the contract is for three to five years The initial contract period is three years; the contract is estimated to commence 01/01/2020 and expire 31/12/2022 There will be an option to extend the contract for up to two years in annual increments, subject to satisfactory performance and business needs. The maximum contract period is five years. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/84e4969b-ba82-4161-a9d8-2f594b0bf502 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (above threshold) | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 26 Sep 2019 | | Submission deadline | 25 Oct 2019 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 1 Jan 2020 - 31 Dec 2022 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £560,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | DERBY CITY COUNCIL | | Locality | DERBY | | Post town | Derby | | Postcode | DE1 2FS | | Country | England | | ITL 1 | TLF East Midlands (England) | | ITL 2 | TLF1 Derbyshire and Nottinghamshire | | ITL 3 | TLF11 Derby | | Local authority | Derby | | Electoral ward | Darley | | Westminster constituency | Derby South | | Delivery location | TLF East Midlands (England) | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66110000 - Banking services ## Release History - 26 Sep 2019 at 17:14 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/84e4969b-ba82-4161-a9d8-2f594b0bf502 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/84e4969b-ba82-4161-a9d8-2f594b0bf502 26th September 2019 - Opportunity notice on Contracts Finder - https://www.eastmidstenders.org eProcurement System ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-47f4dc2f-0a93-4f84-ab91-1c1dcf043383. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-47f4dc2f-0a93-4f84-ab91-1c1dcf043383.json.