---
title: "Banking Services"
ocid: "ocds-b5fd17-e308653d-76cd-44a4-81ed-ce788fa1135b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-e308653d-76cd-44a4-81ed-ce788fa1135b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-e308653d-76cd-44a4-81ed-ce788fa1135b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-e308653d-76cd-44a4-81ed-ce788fa1135b.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "SOUTHAMPTON CITY COUNCIL"
published: "2024-10-07"
---

# Banking Services

Buyer: SOUTHAMPTON CITY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-e308653d-76cd-44a4-81ed-ce788fa1135b

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## Summary

Southampton City Council has completed a selective procurement process for banking services, which falls under the financial services industry (CPV code 66110000). The contract, valued at £435,390, was awarded to Lloyds Banking Group PLC. The procurement was executed through a call-off from a framework agreement and is classified as an award stage. The contract period starts on 1st October 2024 and ends on 30th September 2031, with an option to extend for an additional three years at the sole discretion of the authority. The services will be delivered in Southampton, with the primary address being SO14 7LY.

This contract offers significant opportunities for financial institutions looking to expand their portfolio in public sector banking services. Large banking institutions, particularly those with proven experience in handling substantial public sector contracts, would be well-placed to compete for similar tenders in the future. Although this particular contract is not suitable for SMEs or VCSEs, such high-value and long-term commitments can provide stability and potential for future extensions. Businesses focused on developing comprehensive banking solutions tailored to local government needs will find such tenders particularly advantageous.

## Notice

Southampton City Council Banking Services called off via CPRAS Lot 1 Banking Services

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/5015784a-2cd7-4f2d-9ba6-99071b526781 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 Oct 2024 |
| Submission deadline | 1 Sep 2024 |
| Future notice date | Not specified |
| Award date | 10 Sep 2024 |
| Contract period | 30 Sep 2024 - 30 Sep 2031 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £435,390 |
| Lots value | Not specified |
| Awards value | £435,390 |
| 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 | SOUTHAMPTON CITY COUNCIL |
| Locality | SOUTHAMPTON |
| Post town | Southampton |
| Postcode | SO14 7LY |
| 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 | Bargate |
| Westminster constituency | Southampton Itchen |
| Delivery location | Not specified |

## 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

- 7 Oct 2024 at 13:12 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/5015784a-2cd7-4f2d-9ba6-99071b526781

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/5015784a-2cd7-4f2d-9ba6-99071b526781
  7th October 2024 - Awarded contract notice on Contracts Finder

## 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-e308653d-76cd-44a4-81ed-ce788fa1135b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-e308653d-76cd-44a4-81ed-ce788fa1135b.json.