---
title: "Contract for Banking Services"
ocid: "ocds-b5fd17-6017bdbc-2aed-48e4-a2de-b22187ec643d"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-6017bdbc-2aed-48e4-a2de-b22187ec643d"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-6017bdbc-2aed-48e4-a2de-b22187ec643d.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-6017bdbc-2aed-48e4-a2de-b22187ec643d.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WELLAND PROCUREMENT UNIT"
published: "2018-02-05"
---

# Contract for Banking Services

Buyer: WELLAND PROCUREMENT UNIT  
Current stage: Award  
OCID: ocds-b5fd17-6017bdbc-2aed-48e4-a2de-b22187ec643d

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-6017bdbc-2aed-48e4-a2de-b22187ec643d)  
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## Summary

Rutland County Council, through the Welland Procurement Unit, is conducting a procurement process for a "Contract for Banking Services". This contract is classified under the "Banking services" industry category and is located in the East Midlands, United Kingdom. The procurement method is an open procedure, and the tender period concluded on 28 July 2017. The contract is set to begin on 1 April 2018 and has a total value of £91,000, lasting for an initial term of five years, with an option to extend for an additional two years.

This banking services tender presents significant opportunities for businesses involved in financial services, particularly those providing money transmission and banking solutions. Suitable competitors may include established banks and financial institutions capable of managing local authority banking arrangements, including cash handling, BACS and CHAPS transactions, and providing internet banking services. With the long contract duration, firms can expect sustainable growth and recurring revenue opportunities by securing this partnership with a local council.

## Notice

Banking services. Rutland County Council requires a money transmission banking service to include the maintenance of bank accounts, cash and cheque handling, BACS and CHAPS transaction processing and other services associated with local authority banking arrangements. An internet banking service for balance/transaction reporting and payment initiation will also be required. The contract will be for an initial period of 5 years with the option to extend for a further 2 years. The contract will commence on 1 April 2018.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/084604b3-3734-4272-b07c-fe1634533882 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 5 Feb 2018 |
| Submission deadline | 28 Jul 2017 |
| Future notice date | Not specified |
| Award date | 3 Sep 2017 |
| Contract period | 31 Mar 2018 - 31 Mar 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £91,000 |
| Lots value | Not specified |
| Awards value | £28,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | WELLAND PROCUREMENT UNIT |
| Locality | OAKHAM |
| Post town | Leicester |
| Postcode | LE15 6HP |
| Country | England |
| ITL 1 | TLF East Midlands (England) |
| ITL 2 | TLF2 Leicestershire, Rutland and Northamptonshire |
| ITL 3 | TLF22 Leicestershire CC and Rutland |
| Local authority | Rutland |
| Electoral ward | Oakham South |
| Westminster constituency | Rutland and Stamford |
| Delivery location | TLF East Midlands (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | LLOYDS BANK |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66110000 - Banking services

## Release History

- 5 Feb 2018 at 10:07 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/084604b3-3734-4272-b07c-fe1634533882
- 14 Jun 2017 at 07:04 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/1a762e52-7526-41d4-a551-6a9a5cdcb30c
- 12 Jun 2017 at 14:32 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/1a762e52-7526-41d4-a551-6a9a5cdcb30c

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/084604b3-3734-4272-b07c-fe1634533882
  5th February 2018 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/1a762e52-7526-41d4-a551-6a9a5cdcb30c
  14th June 2017 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/de26b6e4-225a-4999-ae4e-ba7771cd7a54
  Document 1: Instructions and Specification
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/6286a77e-9171-4d35-a7be-6798ceac1040
  Document 2: Response
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/8d731ba9-8b7b-46d4-b4d5-651450280f0b
  Pricing Schedule

## 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-b5fd17-6017bdbc-2aed-48e4-a2de-b22187ec643d. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-6017bdbc-2aed-48e4-a2de-b22187ec643d.json.