---
title: "Banking Services"
ocid: "ocds-b5fd17-e42bb08f-99ea-4561-ba3b-5ae96c9ed2aa"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-e42bb08f-99ea-4561-ba3b-5ae96c9ed2aa"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-e42bb08f-99ea-4561-ba3b-5ae96c9ed2aa.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-e42bb08f-99ea-4561-ba3b-5ae96c9ed2aa.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "LONDON BOROUGH OF LAMBETH"
published: "2020-07-22"
---

# Banking Services

Buyer: LONDON BOROUGH OF LAMBETH  
Current stage: Tender  
OCID: ocds-b5fd17-e42bb08f-99ea-4561-ba3b-5ae96c9ed2aa

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## Summary

The London Borough of Lambeth is seeking to award a contract for Banking Services, aimed at managing its substantial financial operations, including approximately £2.2 billion in funds received and £1.2 billion in payments. The procurement process is currently in the Tender stage, with a deadline for submissions set for 21st August 2020. The contract is intended to commence on 1st April 2021, lasting for five years until 31st March 2026, with the possibility of a two-year extension. This is a selective procurement method, following a restricted procedure, for services classified under banking and investment services.

This tender presents a noteworthy opportunity for banks and financial service providers, particularly those possessing expertise in corporate banking and ethical asset management. Companies that offer comprehensive banking solutions capable of supporting diverse public sector needs, including educational institutions, would be well-positioned to compete. The contract not only represents a significant service requirement for the Council but can also enhance business visibility and credibility within the public sector framework.

## Notice

The Council requires a bank to provide a corporate banking service to manage the PS2.2 billion funds that it receives and the estimated PS1.2 billion that it pays out on an annual basis. The service must be capable of meeting the requirements of all divisional directorates across the Council, including a number of Lambeth schools. The service must be capable of safeguarding the Council's financial assets, deliver ethical banking, whilst delivering value for money. The Council seeks to award a Banking Services Contract to commence on the 1 April 2021 for an anticipated term of 5 years to 31 March 2026 with the option to extend a further 2 years up to 31 March 2028.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/486ca7bd-0b55-44d3-a034-4eccc835cd60 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 22 Jul 2020 |
| Submission deadline | 21 Aug 2020 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 31 Mar 2021 - 31 Mar 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| 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 LAMBETH |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW2 1RW |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI45 Lambeth |
| Local authority | Lambeth |
| Electoral ward | Brixton Acre Lane |
| Westminster constituency | Clapham and Brixton Hill |
| Delivery location | TLI London |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66100000 - Banking and investment services
- 66110000 - Banking services
- 66111000 - Central bank services

## Release History

- 22 Jul 2020 at 19:02 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/486ca7bd-0b55-44d3-a034-4eccc835cd60

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/486ca7bd-0b55-44d3-a034-4eccc835cd60
  22nd July 2020 - Opportunity notice on Contracts Finder
- https://uk.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=33815&B=LBLAMBETH
  Additional data
- https://uk.eu-supply.com/ctm/Company/CompanyInformation/Index/18
  User / Company

## Notice URLs

- http://www.lambeth.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-e42bb08f-99ea-4561-ba3b-5ae96c9ed2aa. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-e42bb08f-99ea-4561-ba3b-5ae96c9ed2aa.json.