---
title: "Procurement of Banking Services"
ocid: "ocds-h6vhtk-039551"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-039551"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-039551.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-039551.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "MILTON KEYNES COUNCIL"
published: "2023-01-05"
---

# Procurement of Banking Services

Buyer: MILTON KEYNES COUNCIL  
Current stage: Tender  
OCID: ocds-h6vhtk-039551

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-039551)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-039551.json)

## Summary

The Milton Keynes Council has initiated a tender process for the procurement of banking services. The contract aims to provide day-to-day banking services and transaction facilities for a period of 5 years, with a possible extension of 2 years. The expected contract start date is 01 April 2023, extendable up to 01 October 2023. This opportunity falls under the services category, specifically banking and investment services, with a value of £490,000. The tender period closes on 06 February 2023, and submissions must be in English. The tender process follows an open procedure, and the bid opening will take place in Milton Keynes.

This tender by the Milton Keynes Council presents a lucrative opportunity for banking service providers looking to expand their business. Businesses offering banking services and investment solutions would be well-suited to compete for this contract. The Council's inclusive approach to extending the contract to various subsidiary organisations opens up avenues for growth and collaboration within the Milton Keynes area. The contract terms and renewal options make it an attractive opportunity for businesses aiming to establish a long-term partnership with a reputable public organisation.

## Notice

The Council is seeking to appoint a banking service provider to deliver day-to-day banking services and transactional facilities. This contract will also extend to Local Education Authority (LEA) maintained schools within Milton Keynes, the Council's subsidiary organisation Milton Keynes Development Partnership LLP, and any other subsidiaries that may be later established. The Council proposes to enter a contract for an initial period of 5 years with the successful tenderer (Service Provider) with an option to extend for a further 2 years. The anticipated contract commencement date is 01 April 2023. Should this tender result in the appointment of a new Service Provider then, to ensure a smooth onboarding transition, the commencement date may be deferred subject to mutual agreement but shall commence no later than 01 October 2023.

### Lot Information

Lot 1

The Council is seeking to appoint a banking service provider to deliver day-to-day banking services and transactional facilities. This contract will also extend to Local Education Authority (LEA) maintained schools within Milton Keynes, the Council's subsidiary organisation Milton Keynes Development Partnership LLP, and any other subsidiaries that may be later established.

Renewal: Option to extend for a period of 2 years

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/000284-2023 |
| 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 | 5 Jan 2023 |
| Submission deadline | 6 Feb 2023 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | Not specified |
| Recurrence | 2029 |

## Values

| Field | Value |
| --- | --- |
| Tender value | £490,000 |
| Lots value | £490,000 |
| 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 | MILTON KEYNES COUNCIL |
| Locality | MILTON KEYNES |
| Post town | Milton Keynes |
| Postcode | MK9 3EJ |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ1 Berkshire, Buckinghamshire and Oxfordshire |
| ITL 3 | TLJ12 Milton Keynes |
| Local authority | Milton Keynes |
| Electoral ward | Central Milton Keynes |
| Westminster constituency | Milton Keynes Central |
| Delivery location | TLJ12 Milton Keynes |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66100000 - Banking and investment services
- 66110000 - Banking services

## Release History

- 5 Jan 2023 at 14:53 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/000284-2023

## Notice URLs

- https://in-tendhost.co.uk/milton-keynes/aspx/Home
- https://www.milton-keynes.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-039551. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-039551.json.