--- title: "Banking Services" ocid: "ocds-h6vhtk-0307f9" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0307f9" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0307f9.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0307f9.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "PORTSMOUTH CITY COUNCIL" published: "2022-01-06" --- # Banking Services Buyer: PORTSMOUTH CITY COUNCIL Current stage: Tender OCID: ocds-h6vhtk-0307f9 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0307f9) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0307f9.json) ## Summary Portsmouth City Council is currently undertaking a public procurement process for Banking Services, aiming to secure corporate banking services to cover a five-year term with a potential extension of an additional five years. The procurement process is at the Tender stage, with key dates including the invitation to tender pack available from 10th January 2022, the deadline for tender submissions on 18th February 2022, and the anticipated contract award date set for 22nd March 2022. The procurement is being conducted under an open procedure in line with the Public Contracts Regulations (2015) and has an estimated value of £277,000. This tender presents substantial opportunities for financial institutions looking to expand their service offerings. Businesses that are well-suited to compete will include banks and financial services firms capable of meeting the Council's minimum credit rating criteria. Potential bidders should be prepared to demonstrate their financial stability and experience in providing corporate banking services, making this an ideal contract for established financial institutions seeking to expand their foothold in the public sector. ## Notice Portsmouth City Council - the Council - is inviting tenders from suitably qualified financial institutions for the provision of corporate banking services. Full specification is available via the link below: https://in-tendhost.co.uk/portsmouthcc/aspx/home/ The Council will enter into contract with the successful bidder on the basis of a 5 year term extendable by a further 5 years in increments to be agreed subject to performance and agreement of both parties. The Council will run the procurement process in accordance with the 'Open' procedure as set out within the Public Contracts Regulations (2015) in line with the following programme: Invitation to Tender Pack made available: 10th January 2022 Deadline for requests for clarification: 11th February 2022 16:00 Tender return deadline: 18th February 2022 16:00 Deadline for return of Company Reference Questionnaires from client referees: 18th February 2022 16:00 Interviews - if required: W/C 7th March 2022 Standstill period: 11th March 2022 - 21st March 2022 Contract award & mobilisation: 22nd March 2022 Contract commencement: 2nd March 2023 The contract will commence on 2nd March 2023. The Council is aiming to award the contract by 22nd March 2022. Application is via completed tender submission by the date above via the Council's e-sourcing solution which will be used to administrate the procurement process and is accessible free of charge via the link below: https://in-tendhost.co.uk/portsmouthcc/aspx/home/ ### Lot Information Lot 1 Portsmouth City Council - the Council - is inviting tenders from suitably qualified financial institutions for the provision of corporate banking services. Full specification is available via the link below: https://in-tendhost.co.uk/portsmouthcc/aspx/home/ The Council will enter into contract with the successful bidder on the basis of a 5 year term extendable by a further 5 years in increments to be agreed subject to performance and agreement of both parties. The Council will run the procurement process in accordance with the 'Open' procedure as set out within the Public Contracts Regulations (2015) in line with the following programme: Invitation to Tender Pack made available: 10th January 2022 Deadline for requests for clarification: 11th February 2022 16:00 Tender return deadline: 18th February 2022 16:00 Deadline for return of Company Reference Questionnaires from client referees: 18th February 2022 16:00 Interviews - if required: W/C 7th March 2022 Standstill period: 11th March 2022 - 21st March 2022 Contract award & mobilisation: 22nd March 2022 Contract commencement: 2nd March 2023 The contract will commence on 2nd March 2023. The Council is aiming to award the contract by 22nd March 2022. Application is via completed tender submission by the date above via the Council's e-sourcing solution which will be used to administrate the procurement process and is accessible free of charge via the link below: https://in-tendhost.co.uk/portsmouthcc/aspx/home/ Renewal: The Council will enter into contract with the successful bidder on the basis of a 5 year term extendable by a further 5 years in increments to be agreed subject to performance and agreement of both parties. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/000356-2022 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 6 Jan 2022 | | Submission deadline | 18 Feb 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £277,000 | | Lots value | £277,000 | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Active | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | PORTSMOUTH CITY COUNCIL | | Locality | PORTSMOUTH | | Post town | Portsmouth | | Postcode | PO1 2BG | | Country | England | | ITL 1 | TLJ South East (England) | | ITL 2 | TLJ3 Hampshire and Isle of Wight | | ITL 3 | TLJ31 Portsmouth | | Local authority | Portsmouth | | Electoral ward | Charles Dickens | | Westminster constituency | Portsmouth South | | Delivery location | TLJ31 Portsmouth | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66110000 - Banking services - 66111000 - Central bank services - 66112000 - Deposit services ## Release History - 6 Jan 2022 at 16:15 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/000356-2022 ## Notice URLs - https://in-tendhost.co.uk/portsmouthcc/aspx/home - https://in-tendhost.co.uk/portsmouthcc/aspx/home/ - https://www.justice.gov.uk/ - https://www.portsmouth.gov.uk/services/business/procurement/contract-opportunities-with-us/ ## 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-0307f9. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0307f9.json.