---
title: "INVITATION TO TENDER FOR BANKING SERVICES"
ocid: "ocds-b5fd17-cd5f33a2-ff53-41bd-a75e-8ce05f2b00c7"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-cd5f33a2-ff53-41bd-a75e-8ce05f2b00c7"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-cd5f33a2-ff53-41bd-a75e-8ce05f2b00c7.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-cd5f33a2-ff53-41bd-a75e-8ce05f2b00c7.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "GLOUCESTERSHIRE COUNTY COUNCIL"
published: "2021-09-29"
---

# INVITATION TO TENDER FOR BANKING SERVICES

Buyer: GLOUCESTERSHIRE COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-cd5f33a2-ff53-41bd-a75e-8ce05f2b00c7

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## Summary

Gloucestershire County Council is inviting tenders for a fixed-term contract for banking services, with a total value of £265,000. The procurement process is classified as "open" and falls under the banking services industry category, specifically for transactional banking provision. The tender period closed on 2nd August 2021, and the awarded contract will commence on 13th September 2021 and run for five years until 13th September 2026. This initiative is located in Gloucester, in the South West region of England, and encompasses comprehensive banking service requirements, including internet banking, account management, and payment processing facilities.

This contract presents substantial opportunities for banking institutions, particularly those specialising in transactional banking and financial services, to establish or deepen their engagement with a local government authority. Businesses with capabilities to manage multiple accounts, perform real-time payment processing, and provide dedicated customer support will find this tender particularly suitable. Additionally, entities that can ensure training and adaptation to online banking systems will be well-positioned to compete for this contract, thereby fostering growth and enhancing their portfolio within the public sector.

## Notice

Gloucestershire County Council (GCC) intends to procure a transactional banking provider for general banking services. The banking service requirements of GCC are below. A fixed term 5 year contract for banking services. Four (4) main bank accounts, with the ability to be administered through internet banking, which can handle common forms of banking transaction, including foreign generated transactions. The ability to pool these main accounts, with the contractual right to offset for both balances and interest calculation. A further account which is to be segregated from the main accounts, but administered through the same internet banking portal as the main accounts. A Head Office Collection Account (HOCA) for the receipt of school and library payments, (or any legitimate, cost effective replacement system). In addition to the main accounts, approximately 160 accounts are maintained for schools and other establishments. These are operated independently from the main bank accounts and have their own signatories, they are not subject to the account balance pooling arrangement Of the accounts detailed in 1.5, 20 will be charged centrally via the agreed process, the remainder will pay their own charges. Real-time payment processing for BACS, CHAPS and Faster Payments A "daylight" facility for the payment of BACS, CHAPS and Faster Payments of no less than PS50m. Individual daily Service User Number limits of: - Pensions Payments: PS10m - Payroll Payments: PS25m - Creditor Payments: PS20m - Pension Direct Debits: PS1m Bank reconciliation data provided via the internet An automatic sweeping facility between the main accounts Full online banking facility, including online bank statements, transaction searching online payment facilities Cheque paying-in facilities both bulk and non-bulk The facility to open a reasonable number of new accounts as business need occurs Contingency arrangements for banking by telephone or over the counter in case of online banking issues, or issues at GCC's site Standard cheque and credit books for the main account A named relationship manager who will be the major point of contact for the management of the contract A clear set of service level agreements, outlining minimum service performance, and a clear dispute resolution procedure Full training on all online banking systems will be required during transition, and on an ongoing basis as required

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/8cc0b76c-035f-499c-90ad-d67754484802 |
| 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 | 29 Sep 2021 |
| Submission deadline | 2 Aug 2021 |
| Future notice date | Not specified |
| Award date | 23 Sep 2021 |
| Contract period | 1 Oct 2021 - 11 Jun 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £265,000 |
| Lots value | Not specified |
| Awards value | £265,000 |
| 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 | GLOUCESTERSHIRE COUNTY COUNCIL |
| Locality | GLOUCESTER |
| Post town | Gloucester |
| Postcode | GL1 2TP |
| Country | England |
| ITL 1 | TLK South West (England) |
| ITL 2 | TLK7 Gloucestershire and Wiltshire |
| ITL 3 | TLK73 Gloucestershire CC |
| Local authority | Gloucester |
| Electoral ward | Westgate |
| Westminster constituency | Gloucester |
| Delivery location | TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | LLOYDS BANKING GROUP |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66110000 - Banking services

## Release History

- 29 Sep 2021 at 10:50 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/8cc0b76c-035f-499c-90ad-d67754484802
- 11 Jun 2021 at 12:13 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/d5542d6f-8d28-4ec3-b523-4fa4aa48efcc
- 11 Jun 2021 at 12:04 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/9af32534-0405-4071-85fd-09fc739c5111

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/8cc0b76c-035f-499c-90ad-d67754484802
  29th September 2021 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/d5542d6f-8d28-4ec3-b523-4fa4aa48efcc
  11th June 2021 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/9af32534-0405-4071-85fd-09fc739c5111
  11th June 2021 - Opportunity notice on Contracts Finder

## Notice URLs

- https://www.gloucestershire.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-cd5f33a2-ff53-41bd-a75e-8ce05f2b00c7. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-cd5f33a2-ff53-41bd-a75e-8ce05f2b00c7.json.