--- title: "HCC 08/19 The Provision of Banking Services" ocid: "ocds-b5fd17-7576f858-75db-4b69-b363-1ab39e206633" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-7576f858-75db-4b69-b363-1ab39e206633" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-7576f858-75db-4b69-b363-1ab39e206633.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-7576f858-75db-4b69-b363-1ab39e206633.json" source: "Contracts Finder" current_stage: "Tender" buyer: "SUPPLY HERTFORDSHIRE" published: "2019-09-02" --- # HCC 08/19 The Provision of Banking Services Buyer: SUPPLY HERTFORDSHIRE Current stage: Tender OCID: ocds-b5fd17-7576f858-75db-4b69-b363-1ab39e206633 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-7576f858-75db-4b69-b363-1ab39e206633) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-7576f858-75db-4b69-b363-1ab39e206633.json) ## Summary The public procurement process is being led by Supply Hertfordshire, which is seeking tender submissions for "HCC 08/19 The Provision of Banking Services." This project, classified under the banking services industry, is located in Hertfordshire, United Kingdom. The contract will last for an initial term of five years, starting from 1st December 2019, with a potential extension of up to five additional years. The closing date for submissions is 2nd October 2019, with a maximum value of £450,000 for the initial term and up to £1,000,000 for the total 10-year period. The process follows an open procurement method, which is applicable since it is above the threshold for public procurement. This tender presents a significant opportunity for growth in the finance and banking sector, particularly for businesses that provide comprehensive banking services, cash processing, or mortgage-related transactions. Companies specialising in internet banking solutions, financial transaction processing, and other banking-related services would be particularly well-suited to compete. As the procurement is open to various participants, it allows both established firms and new entrants to engage in providing essential services to local authorities, thus fostering competitive innovation in public financial management. ## Notice The Council requires a comprehensive money transmission banking service involving maintenance of Council and school bank accounts, handling of paper, BACS and CHAPS clearing, cash processing and other activities associated with local authority banking business. The Council will require an internet banking service for balance/transaction reporting and payment initiation. The proposed Contract will be awarded for an initial term of 5 years, with the option to extend for an initial period 3 years, plus an option to extend up to a further 2 years. The maximum value of the initial 5-year term of the contract will be PS450,000. The maximum value of the potential 10-year period will be up to PS1,000,000. This is to allow for indexation or variations during the extension period(s). Further information in regards to this opportunity can be found in the OJEU Contract Notice. Additional information: To access this opportunity please visit www.supplyhertfordshire.uk Is a Recurrent Procurement Type? : No ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/c6e75817-6081-4ca8-aab4-37654ad62a78 | | 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 | 2 Sep 2019 | | Submission deadline | 2 Oct 2019 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 1 Dec 2019 - 30 Nov 2024 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | 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 | SUPPLY HERTFORDSHIRE | | Locality | HERTFORDSHIRE | | Post town | Stevenage | | Postcode | SG13 8DE | | Country | England | | ITL 1 | TLH East (England) | | ITL 2 | TLH2 Bedfordshire and Hertfordshire | | ITL 3 | TLH26 North and East Hertfordshire | | Local authority | East Hertfordshire | | Electoral ward | Hertford Castle | | Westminster constituency | Hertford and Stortford | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66110000 - Banking services - 66112000 - Deposit services - 66115000 - International payment transfer services - 66172000 - Financial transaction processing and clearing-house services ## Release History - 2 Sep 2019 at 16:58 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/c6e75817-6081-4ca8-aab4-37654ad62a78 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/c6e75817-6081-4ca8-aab4-37654ad62a78 2nd September 2019 - Opportunity notice on Contracts Finder - https://in-tendhost.co.uk/supplyhertfordshire/aspx/ Additional information on how to apply for this contract ## 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-b5fd17-7576f858-75db-4b69-b363-1ab39e206633. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-7576f858-75db-4b69-b363-1ab39e206633.json.