---
title: "Maidstone Borough Council - Corporate Banking and Merchant Services"
ocid: "ocds-h6vhtk-048766"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-048766"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-048766.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-048766.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "MAIDSTONE BOROUGH COUNCIL"
published: "2024-10-25"
---

# Maidstone Borough Council - Corporate Banking and Merchant Services

Buyer: MAIDSTONE BOROUGH COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-048766

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-048766.json)

## Summary

Maidstone Borough Council has successfully awarded a contract for corporate banking and merchant services to LLoyds Banking Group Plc. This contract, classified under "Financial and insurance services" (CPV code 66000000), involves the provision of banking services excluding investment services. The contract was signed on 25th October 2024 and is set to commence on 1st April 2025 with an initial term of five years, extendable by up to 60 months. The procurement followed an open procedure with key stages including the tender release on 2nd August 2024, and the final submission deadline on 6th September 2024. The council's decision reflects their focus on cost (60%) and quality (40%) as the award criteria.

This tender offers significant opportunities for businesses in the financial services sector. Service providers specialising in corporate banking and card merchant services, particularly those who can demonstrate competitive pricing and high-quality service standards, will find this contract beneficial for growth. Being awarded such a contract by a regional authority like Maidstone Borough Council can enhance a company's portfolio and reputation, opening doors to further similar engagements within the public sector. Businesses that provide comprehensive and adaptable financial solutions are well-suited to competing for such tenders.

## Notice

Maidstone Borough Council (MBC) is looking to award a contract for corporate banking and card merchant services (excluding investment services). Contract Term: This contract term will be an initial 5-year term. The Council would reserve the right to extend this contract for a period of up to 60 months at the end of the initial 5-year contract term.

### Lot Information

Lot 1

Maidstone Borough Council (MBC) is looking to award a contract for corporate banking and card merchant services (excluding investment services). Contract Term: This contract term will be an initial 5-year term. The Council would reserve the right to extend this contract for a period of up to 60 months at the end of the initial 5-year contract term.

Renewal: This contract term will be an initial 5-year term. The Council would reserve the right to extend this contract for a period of up to 60 months at the end of the initial 5-year contract term.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/034685-2024 |
| 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 | 25 Oct 2024 |
| Submission deadline | 30 Aug 2024 |
| Future notice date | Not specified |
| Award date | 24 Oct 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | MAIDSTONE BOROUGH COUNCIL |
| Locality | MAIDSTONE |
| Post town | Rochester |
| Postcode | ME15 6JQ |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ4 Kent |
| ITL 3 | TLJ45 Mid Kent |
| Local authority | Maidstone |
| Electoral ward | High Street |
| Westminster constituency | Maidstone and Malling |
| Delivery location | TLJ45 Mid Kent |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | LLOYDS BANKING GROUP |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services
- 66110000 - Banking services

## Release History

- 25 Oct 2024 at 13:25 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/034685-2024
- 2 Aug 2024 at 15:39 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/024389-2024

## Notice URLs

- http://www.maidstone.gov.uk/
- https://www.kentbusinessportal.org.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-048766. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-048766.json.