---
title: "Cambridgeshire County Council: Banking Services"
ocid: "ocds-b5fd17-b65b55bf-d92d-4ec6-bed6-673f99fe5ca6"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-b65b55bf-d92d-4ec6-bed6-673f99fe5ca6"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-b65b55bf-d92d-4ec6-bed6-673f99fe5ca6.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-b65b55bf-d92d-4ec6-bed6-673f99fe5ca6.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "LGSS ON BEHALF OF CAMBRIDGESHIRE COUNTY COUNCIL"
published: "2020-03-06"
---

# Cambridgeshire County Council: Banking Services

Buyer: LGSS ON BEHALF OF CAMBRIDGESHIRE COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-b65b55bf-d92d-4ec6-bed6-673f99fe5ca6

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## Summary

The Cambridgeshire County Council is seeking banking services through an open procurement process, with the tender titled "Cambridgeshire County Council: Banking Services." This contract will have an initial duration of five years, starting on 1st March 2020, with potential extensions that could extend it to a maximum of ten years. The estimated annual spending for the services is approximately £50,000, though this may vary based on transaction types and volumes. The deadline for potential providers to submit queries regarding the tender was 3rd September 2019.

This procurement presents significant opportunities for banks and financial service providers looking to expand their portfolio with local government contracts. Companies that can offer comprehensive banking services, including account maintenance and transaction processing, will be well-positioned to compete for this contract. The successful bidder will also need to adapt to evolving digital banking practices, making it an appealing opportunity for tech-savvy institutions eager to provide innovative solutions to local authorities.

## Notice

Contract for the provision of banking services and associated services for Cambridgeshire County Council. This Contract is for 5 years, with an option to extend for 2 years, followed by a further 2 years followed by a final 1 year (making a maximum contract length of 10 years in total). The contract estimated start date will be 1st March 2020. The current estimated spend for such is PS50,000 per annum. Potential Providers should note that this figure is an estimate and shall fluctuate depending on the numbers, types of transactions and any borrowing that may occur over the life of the agreement. Potential Providers should note that this figure is an estimate and shall fluctuate depending on the numbers, types of transactions and any borrowing that may occur over the life of the agreement. There will be no guarantee of work or volume of work to be given under this contract. The Authority requires a comprehensive money transmission banking service involving maintenance of Council, Pension Fund and school bank accounts, handling of paper, BACS and CHAPS clearing, cash processing and other activities associated with local authority banking business. The Authority will require an internet banking service for balance/transaction reporting and payment initiation. The Authority expects that the way the service is provided during the life of the contract may change as the market and the authority change its working practices and more digital Methods/ processes are adopted for receipts and payments. The Authority is not dividing this contract into lots as they wish to have one banking provider in order to provide economies of scale and ensure consistency within internal processes and contract management of the agreement where this is relevant. The Deadline for Potential Provider's Invitation To Tender clarification questions is Tuesday 3rd September 2019 Additional information: The tender documentation is available on the following tendering portal: https://procontract.due-north.com/Home/About If Providers have any questions then they should utilise the messaging system with the LGSS Procurement Portal to raise any questions.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/51b4f782-a2f4-4256-9f3d-303c601f5e69 |
| 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 | 6 Mar 2020 |
| Submission deadline | 20 Sep 2019 |
| Future notice date | Not specified |
| Award date | 19 Nov 2019 |
| Contract period | 31 May 2020 - 31 May 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £400,000 |
| Lots value | Not specified |
| Awards value | £685,845 |
| 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 | LGSS ON BEHALF OF CAMBRIDGESHIRE COUNTY COUNCIL |
| Locality | CAMBRIDGE |
| Post town | Cambridge |
| Postcode | CB3 0AP |
| Country | England |
| ITL 1 | TLH East (England) |
| ITL 2 | TLH4 Cambridgeshire and Peterborough |
| ITL 3 | TLH42 Cambridgeshire CC |
| Local authority | Cambridge |
| Electoral ward | Castle |
| Westminster constituency | Cambridge |
| 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

- 66100000 - Banking and investment services

## Release History

- 6 Mar 2020 at 14:30 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/51b4f782-a2f4-4256-9f3d-303c601f5e69
- 14 Aug 2019 at 07:53 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/5280a0fc-7240-4323-b5d6-975d964cd8cb

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/51b4f782-a2f4-4256-9f3d-303c601f5e69
  6th March 2020 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/5280a0fc-7240-4323-b5d6-975d964cd8cb
  14th August 2019 - Opportunity notice on Contracts Finder
- https://ted.europa.eu/TED/notice/udl?uri=TED:NOTICE:385316-2019:TEXT:EN:HTML
  Link to OJEU Advert

## Notice URLs

- https://procontract.due-north.com/Home/About
- https://www.lgss.co.uk/about/

## 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-b65b55bf-d92d-4ec6-bed6-673f99fe5ca6. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-b65b55bf-d92d-4ec6-bed6-673f99fe5ca6.json.