---
title: "Corporate Banking Services"
ocid: "ocds-b5fd17-da9d4a5d-bb7f-4466-8744-5201a35f2258"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-da9d4a5d-bb7f-4466-8744-5201a35f2258"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-da9d4a5d-bb7f-4466-8744-5201a35f2258.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-da9d4a5d-bb7f-4466-8744-5201a35f2258.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "UNIVERSITY OF SOUTHAMPTON"
published: "2020-05-07"
---

# Corporate Banking Services

Buyer: UNIVERSITY OF SOUTHAMPTON  
Current stage: Award  
OCID: ocds-b5fd17-da9d4a5d-bb7f-4466-8744-5201a35f2258

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## Summary

The University of Southampton is seeking suppliers for Corporate Banking Services through an open procurement process, in accordance with the Public Contracts Regulations 2015. This procurement is currently in the Award stage, with the contract period set to commence on 20th April 2020 and extend for up to six years, contingent on satisfactory performance. The total estimated value of the contract is £300,000 GBP, encompassing an initial four-year term valued at £200,000 GBP followed by a potential two-year extension worth £100,000 GBP. The deadline for tender submissions was 4th February 2020, and services will be delivered in the South East region of the United Kingdom.

This tender presents significant opportunities for businesses specialising in banking services, particularly those capable of offering comprehensive solutions that meet the evolving needs of academic institutions. Firms equipped to provide effective payment processing, account management, and electronic banking platforms would be well-positioned to compete in this procurement. Companies aiming to build or strengthen relationships with higher education institutions may find this contract particularly attractive as it seeks to enhance the University’s banking efficiencies and technological adaptability.

## Notice

The University of Southampton has a requirement for the provision of Corporate Banking services. The University requires a banking service which will include the provision and maintenance of bank accounts, income handling (including cash and cheques), a full range of payment processing options (including electronic bank transfer, both domestic and international, BACS and direct debit) and other services associated with higher education banking arrangements, including an electronic banking platform for payment initiation and balance/transaction reporting. The University of Southampton is seeking to develop efficient and cost-effective banking arrangements which will be capable of meeting future market and technological changes, and which will meet, and often exceed, user expectations. It is looking to build relationships with organisation/s in which it can be confident to deliver tangible value to the University. The University is conducting this procurement using the open procedure in accordance with the requirements of the Public Contracts Regulations 2015 (PCR 2015) for the purpose of procuring the goods/services described in the Invitation to Tender document set. Contract Period: The University proposes to enter into a Contract for six years - this will be the maximum contract period, including any potential extensions with the successful tenderer. This will comprise of an initial contract period of four years with an option to extend by a further two years subject to satisfactory performance and at the discretion of the University. Contract Value: The estimated value of the initial four-year contract term is PS200,000 GBP (excluding VAT). The estimated value of the two-year extension period is PS100,000 GBP (excluding VAT). It is estimated, therefore, that the total value of this contract will be PS300,000 GBP (excluding VAT). Tenderers are required to provide with their tender submission a full suite of their contractual documentation, including any contract terms, mandates or any other documentation the University would be expected to agree to, as part of their tender. Additional information: E-Tendering Portal: The University is utilising an electronic tendering tool, In-Tend (https://intendhost.co.uk/universityofsouthampton) to manage this procurement and to communicate with potential suppliers and/or tenderers (as appropriate). All documentation in relation to this tender can be downloaded from In-Tend. Potential suppliers/tenderers are advised that there will be no hard copy documents issued and all communications with the University, including the submission of Selection Stage and/or Invitation to Tender responses will be conducted via In-Tend. Regular monitoring of the portal is the responsibility of the potential supplier/tenderer. If you are not already registered as a supplier with the University of Southampton, you will need to register in In-Tend in order to access the procurement documentation. Once you have logged in as a supplier: click on 'Tenders'; locate the relevant project; and click 'View Details'. Once you are in the project screen, you will be able to register your organisation against the project and access all documentation by clicking 'Express Interest'. Potential suppliers/tenderers are advised that formal expressions of interest in the project must be by way of completion and return of the relevant documents via In-Tend. Further instructions for the submission of responses are below: To submit your return: 1. Log in 2. Click 'Tenders' 3. Locate the relevant project 4. View details 5. Click on the tab relating to the relevant project stage (e.g. 'Invitation to Tender') 6. Click on the 'Attach Documents' button and upload your return. 7. Check ALL your response documents are uploaded and displayed in the 'My Tender Return' panel. The system will only permit your organisation to make one return. 8. Click the red 'Submit Return' button. Please note, to preserve the integrity of the procurement, all communications with the University must be made via the correspondence function within In-Tend. Publication of Award Details: In accordance with Regulation 50, paragraph (2) of the Public Contracts Regulations 2015 and subject to Article 5 and Annex 5, Part D (13) of Directive 2014/24/EU of the European Parliament and of the Council (if applicable), the University intends to publish the value of any resulting contract at the award stage, and reserves the right to do so. By submitting a response, potential suppliers/tenderers are consenting to publication of this information unless otherwise agreed in advance with the University.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/61ae1fa0-95a9-40c4-b03b-66a7e24b90d7 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 May 2020 |
| Submission deadline | 4 Feb 2020 |
| Future notice date | Not specified |
| Award date | 23 Mar 2020 |
| Contract period | 3 May 2020 - 3 May 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £300,000 |
| Lots value | Not specified |
| Awards value | £300,000 |
| 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 | UNIVERSITY OF SOUTHAMPTON |
| Locality | SOUTHAMPTON |
| Post town | Southampton |
| Postcode | SO17 1BJ |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ3 Hampshire and Isle of Wight |
| ITL 3 | TLJ32 Southampton |
| Local authority | Southampton |
| Electoral ward | Portswood |
| Westminster constituency | Southampton Test |
| Delivery location | TLJ South East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BARCLAYS BANK |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66111000 - Central bank services
- 66112000 - Deposit services
- 66113000 - Credit granting services
- 66115000 - International payment transfer services
- 66133000 - Processing and clearing services

## Release History

- 7 May 2020 at 07:53 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/61ae1fa0-95a9-40c4-b03b-66a7e24b90d7
- 19 Dec 2019 at 15:11 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/b7347d44-f3c4-4401-ba83-0585073bf102

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/61ae1fa0-95a9-40c4-b03b-66a7e24b90d7
  7th May 2020 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/b7347d44-f3c4-4401-ba83-0585073bf102
  19th December 2019 - Opportunity notice on Contracts Finder

## Notice URLs

- https://intendhost.co.uk/universityofsouthampton

## 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-da9d4a5d-bb7f-4466-8744-5201a35f2258. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-da9d4a5d-bb7f-4466-8744-5201a35f2258.json.