--- title: "Provision of Banking Services" ocid: "ocds-b5fd17-8879485e-2b09-4a71-af03-5e95246bfc85" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-8879485e-2b09-4a71-af03-5e95246bfc85" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-8879485e-2b09-4a71-af03-5e95246bfc85.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-8879485e-2b09-4a71-af03-5e95246bfc85.json" source: "Contracts Finder" current_stage: "Award" buyer: "DORSET COUNCIL" published: "2020-01-10" --- # Provision of Banking Services Buyer: DORSET COUNCIL Current stage: Award OCID: ocds-b5fd17-8879485e-2b09-4a71-af03-5e95246bfc85 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-8879485e-2b09-4a71-af03-5e95246bfc85) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-8879485e-2b09-4a71-af03-5e95246bfc85.json) ## Summary Dorset Council is currently engaged in the procurement process for the "Provision of Banking Services" as part of its efforts to consolidate banking arrangements following a local government reorganisation that took place in April 2019. The procurement is classified under the "Banking services" industry category, with a contract value of £1,200,000. The tender stage was announced on 17th October 2019, with submissions due by 19th November 2019. The successful bidder will commence service on 1st January 2020, and the contract will run for five years, with a possible extension of up to three additional years. This tender presents significant opportunities for financial institutions, particularly those with experience in local authority banking services. Businesses that offer comprehensive money transmission services including handling of accounts, payment processing, and internet banking solutions would be well-suited to compete for this contract. Companies capable of managing complex transitions in banking arrangements will likely find this tender aligns with their service capabilities, enabling them to expand their footprint in public sector services in the UK. ## Notice Dorset Council is seeking tenders for the provision of banking services. Local Government Reorganisation has taken place in the County of Dorset, which resulted in a new Dorset Council on 1 April 2019 replacing the former district and borough councils (East Dorset, North Dorset, Purbeck, West Dorset, Weymouth & Portland) and the former Dorset County Council. The banking arrangements maintained by the former councils are currently provided by a range of different banks and these arrangements will continue until the new banking contract for Dorset Council is implemented. Dorset Council requires a comprehensive money transmission banking service involving maintenance of numerous 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. It is anticipated that the contract will commence immediately after final award and run for a period of 5 years. The Council will require the option to extend the contract for a further 3 years (making a maximum possible contract length of 8 years). Given the complexities of consolidating the banking arrangements, it is very unlikely that all services/requirements will be fully implemented by 1st April 2020. It is likely that different arrangements will be transferred to the new banking contract over an extended period of time up to and following 1st April 2020 Additional information: Unrestricted access to tender documents via https://www.supplyingthesouthwest.org.uk/ ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/6d1cf3d9-b3a4-4e1c-8ec7-c55b4eec04bf | | 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 | 10 Jan 2020 | | Submission deadline | 19 Nov 2019 | | Future notice date | Not specified | | Award date | 20 Dec 2019 | | Contract period | 1 Jan 2020 - 31 Dec 2025 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £1,200,000 | | Lots value | Not specified | | Awards value | £1,200,000 | | 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 | DORSET COUNCIL | | Locality | DORCHESTER | | Post town | Dorchester | | Postcode | DT1 1XJ | | Country | England | | ITL 1 | TLK South West (England) | | ITL 2 | TLK6 North Somerset, Somerset and Dorset | | ITL 3 | TLK64 Dorset | | Local authority | Dorset | | Electoral ward | Dorchester West | | Westminster constituency | West Dorset | | Delivery location | Not specified | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | NATIONAL WESTMINSTER BANK | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66110000 - Banking services ## Release History - 10 Jan 2020 at 10:06 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/6d1cf3d9-b3a4-4e1c-8ec7-c55b4eec04bf - 17 Oct 2019 at 08:05 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/196e50fc-b92d-43a0-9be5-2cff83af638a ## Documents - https://www.contractsfinder.service.gov.uk/Notice/6d1cf3d9-b3a4-4e1c-8ec7-c55b4eec04bf 10th January 2020 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/196e50fc-b92d-43a0-9be5-2cff83af638a 17th October 2019 - Opportunity notice on Contracts Finder ## Notice URLs - https://www.dorsetcouncil.gov.uk - https://www.supplyingthesouthwest.org.uk/ ## 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-b5fd17-8879485e-2b09-4a71-af03-5e95246bfc85. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-8879485e-2b09-4a71-af03-5e95246bfc85.json.