---
title: "Contract for the Provision of Banking Services"
ocid: "ocds-b5fd17-c9303554-cc25-4600-bd76-9490f0dcaefc"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-c9303554-cc25-4600-bd76-9490f0dcaefc"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-c9303554-cc25-4600-bd76-9490f0dcaefc.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-c9303554-cc25-4600-bd76-9490f0dcaefc.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "LONDON BOROUGH OF REDBRIDGE"
published: "2018-09-14"
---

# Contract for the Provision of Banking Services

Buyer: LONDON BOROUGH OF REDBRIDGE  
Current stage: Tender  
OCID: ocds-b5fd17-c9303554-cc25-4600-bd76-9490f0dcaefc

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-c9303554-cc25-4600-bd76-9490f0dcaefc)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-c9303554-cc25-4600-bd76-9490f0dcaefc.json)

## Summary

The London Borough of Redbridge is issuing a tender for the "Contract for the Provision of Banking Services," which will commence on 1 April 2019 and run until 31 March 2026, with the possibility of extending the contract for up to three additional years. This procurement falls under the services category, specifically classified as "Banking services" (CPV Code: 66110000). The tender process is currently active, with submissions due by 23 October 2018. This is being conducted via an open procurement method, allowing any interested party to submit a bid.

This tender presents an excellent opportunity for banking and financial service providers looking to expand their market presence within local government contracts. Companies that specialise in providing comprehensive banking solutions, including payment processing and financial management, are particularly well-suited to compete for this contract. The successful bidder will have the potential to establish a long-term relationship with a key local authority, promoting sustained business growth and stability.

## Notice

The London Borough of Redbridge ("the Authority") invites Tenders for the Contract for The Provision of Banking Services for the London Borough of Redbridge ("the Contract"). The Contract will commence on 1 April 2019 and shall continue up to and including 31 March 2026 (the "Contract Period"). At the sole discretion of the Authority the Contract Period may be extended in such period or periods as the Authority deems appropriate up to a maximum of three (3) years, (in such period or periods as the Authority deems appropriate) basis, providing a possible total Contract Period to midnight on 31 March 2029.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/8ee19910-7bd3-4c44-8fe5-3e9e13761d7e |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 14 Sep 2018 |
| Submission deadline | 23 Oct 2018 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 31 Mar 2019 - 31 Mar 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £2,000,000 |
| 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 | LONDON BOROUGH OF REDBRIDGE |
| Locality | ILFORD |
| Post town | Ilford |
| Postcode | IG1 1NN |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI5 Outer London - East and North East |
| ITL 3 | TLI53 Redbridge and Waltham Forest |
| Local authority | Redbridge |
| Electoral ward | Ilford Town |
| Westminster constituency | Ilford South |
| Delivery location | TLI London |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66110000 - Banking services

## Release History

- 14 Sep 2018 at 13:45 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/8ee19910-7bd3-4c44-8fe5-3e9e13761d7e

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/8ee19910-7bd3-4c44-8fe5-3e9e13761d7e
  14th September 2018 - Opportunity notice on Contracts Finder

## Notice URLs

- http://www.redbridge.gov.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-c9303554-cc25-4600-bd76-9490f0dcaefc. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-c9303554-cc25-4600-bd76-9490f0dcaefc.json.