--- title: "Banking Services" ocid: "ocds-h6vhtk-033804" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-033804" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-033804.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-033804.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "AWG GROUP LTD" published: "2022-05-16" --- # Banking Services Buyer: AWG GROUP LTD Current stage: Tender OCID: ocds-h6vhtk-033804 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-033804) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-033804.json) ## Summary The procurement process involves AWG Group Ltd seeking tenders for Banking Services to enhance its cash management and treasury operations. This tender is classified under the services category, specifically focused on banking services, and is located in Huntingdon, United Kingdom. Currently in the Tender stage, the process began on 16th May 2022 and submissions are due by 31st May 2022. The total estimated value of the contract is £3,030,000, and the procurement method is selective, using a negotiated procedure with prior call for competition. This tender presents a significant opportunity for businesses specialising in banking services, especially those capable of providing innovative technological solutions such as API integrations, same-day customer refunds, and full-spectrum corporate banking services. UK clearing banks with experience in handling secure and efficient transactions will be particularly well-suited to compete for this contract, as the successful bidder must ensure a seamless transition and maintain high service standards during the contract period of approximately 15 years. ## 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 Bank Account Agreement. 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 Anglian Water 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/012646-2022 | | Notice type | Tender 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 | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 16 May 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 | £3,030,000 | | Lots value | Not specified | | 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 - 16 May 2022 at 13:36 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/012646-2022 ## 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-033804. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-033804.json.