---
title: "INVITATION TO TENDER FOR BANKING SERVICES"
ocid: "ocds-h6vhtk-02bb06"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02bb06"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02bb06.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02bb06.json"
source: "Find A Tender Service"
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-h6vhtk-02bb06

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-02bb06.json)

## Summary

Gloucestershire County Council has initiated a public procurement process for a transactional banking provider titled "Invitation to Tender for Banking Services". This procurement, classified under the CPV code for banking services (66110000), is currently at the Award stage. The tender process has been executed through an open procedure, culminating in an active award to Lloyds Bank with a total contract value of £265,000. The procurement began on June 11, 2021, and the relevant key dates include a bid opening on August 2, 2021, for a fixed-term contract of five years requiring four main bank accounts with internet banking capabilities located in Gloucester, UKK13.

This procurement presents an excellent opportunity for banks and financial service providers to grow their business by entering into a long-term contract with a regional authority with diverse banking needs. Businesses that specialise in providing transactional banking services, particularly those capable of managing multiple accounts and foreign transactions, would be particularly well-suited to compete. With the emphasis on both quality and cost factors in the award criteria, this tender can facilitate strategic partnerships and enhance service offerings for successful bidders.

## Notice

Gloucestershire County Council (GCC) intends to procure a transactional banking provider for general banking services. The banking service requirements of GCC are below. 1.1 A fixed term 5 year contract for banking services. 1.2 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. 1.3 The ability to pool these main accounts, with the contractual right to offset for both balances and interest calculation. 1.4 A further account which is to be segregated from the main accounts, but administered through the same internet banking portal as the main accounts. 1.5 A Head Office Collection Account (HOCA) for the receipt of school and library payments, (or any legitimate, cost effective replacement system). 1.6 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 detailed in 1.2.

### Lot Information

Lot 1

Gloucestershire County Council (GCC) intends to procure a transactional banking provider for general banking services. The banking service requirements of GCC are below. 1.1 A fixed term 5 year contract for banking services. 1.2 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. 1.3 The ability to pool these main accounts, with the contractual right to offset for both balances and interest calculation. 1.4 A further account which is to be segregated from the main accounts, but administered through the same internet banking portal as the main accounts. 1.5 A Head Office Collection Account (HOCA) for the receipt of school and library payments, (or any legitimate, cost effective replacement system). 1.6 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 detailed in 1.2.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/024181-2021 |
| Notice type | Tender 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 | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £265,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | GLOUCESTERSHIRE COUNTY COUNCIL |
| Locality | GLOUCESTER |
| Post town | Gloucester |
| Postcode | GL1 2TG |
| 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 | TLK13 Gloucestershire CC |

## Supplier

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

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66110000 - Banking services

## Release History

- 29 Sep 2021 at 11:02 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/024181-2021
- 11 Jun 2021 at 12:12 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/013203-2021

## Notice URLs

- http://www.procontract.due-north.com
- 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-h6vhtk-02bb06. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02bb06.json.