--- title: "Banking Services" ocid: "ocds-h6vhtk-032bf0" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-032bf0" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-032bf0.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-032bf0.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "AWG GROUP LTD" published: "2022-04-08" --- # Banking Services Buyer: AWG GROUP LTD Current stage: Tender OCID: ocds-h6vhtk-032bf0 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-032bf0) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-032bf0.json) ## Summary Anglian Water Group Ltd is initiating a tender process for banking services under the project title "Banking Services". This procurement falls under the financial services industry and is primarily located in Huntingdon, United Kingdom. Currently in the planning stage, the tender process is structured into three phases: Request for Information (RFI), Request for Proposal (RFP), and presentations, with the RFI closing on 31st May 2022 and the RFP closing on 8th July 2022. The total value of the contract is estimated at £3,750,000, with an intended term of 10 to 15 years. This tender represents a significant opportunity for businesses seeking to expand their footprint in the banking services market, particularly UK clearing banks equipped to handle complex cash management and treasury functions. Companies that can offer innovative solutions, such as same-day refunds or seamless data sharing capabilities, will find themselves well-suited to compete. Furthermore, potential bidders should be prepared to demonstrate compliance with stringent rating requirements and a solid understanding of the Common Terms Agreements, which will be essential for successful engagement with Anglian Water Group Ltd. ## Notice As part of a wider review of cash management and treasury processes, and to ensure the group benefits from best practice in the banking industry, transactional banking is being tendered. The aim of the tender is to retain a first class banking service, which would include the maintenance of bank accounts, handling of payments, cash processing and retaining current banking 'facilities' on behalf of Anglian Water at a benchmarked cost. ### Lot Information Lot 1 Anglian Water relies upon its banking service providers to ensure the secure transmission of money through bank accounts. The contract is for banking services at Anglian Water Group level but the majority of the banking transactions, and therefore costs, are within Anglian Water Services. It is important that Anglian Water Group maintains a seamless transition should the contract be moved. It's also extremely important that certain facilities that are available now with the incumbent bank, continue to be made available with any new supplier and they must be able to sign up to Common Term Agreements and be the Account Bank. Anglian Water must also ensure that the bank works closely with Stakeholders to ensure that payments are processed quickly, securely and competitively, and also to ensure that AW is kept up to speed with the ever changing technological enhancements. Looking ahead to a new contract for banking services the successful bidder must be a UK clearing bank to ensure all transactions can be processed and consideration should be given to enhancements to the current service, for example the ability for same day customer refunds, API links for seamless data sharing and implementation of new initiatives regarding all aspects of cash management. The successful bidder will also recognize the key role they play as a tier 1 bank and be able to provide other facilities,such as access to debt markets and other corporate banking services as required. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/009557-2022 | | Notice type | Planning Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Negotiated procedure with prior call for competition | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Planning, Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 8 Apr 2022 | | Submission deadline | 31 May 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £3,750,000 | | Lots value | £3,750,000 | | 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 | AWG GROUP LTD | | Locality | HUNTINGDON | | Post town | Peterborough | | Postcode | PE29 6XU | | Country | England | | ITL 1 | TLH East (England) | | ITL 2 | TLH4 Cambridgeshire and Peterborough | | ITL 3 | TLH42 Cambridgeshire CC | | Local authority | Huntingdonshire | | Electoral ward | Huntingdon North | | Westminster constituency | Huntingdon | | Delivery location | TLH1 East Anglia | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66110000 - Banking services ## Release History - 8 Apr 2022 at 17:54 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/009557-2022 ## Notice URLs - https://esourcing.scanmarket.com/publicevents/list?comId=3004&ccsum=57aa08f02740e2c172f509ae0fa4807a&type=all - https://www.awg.com/ ## 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-032bf0. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-032bf0.json.