---
title: "CP0326 Provision of Banking Services"
ocid: "ocds-r6ebe6-0000565889"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000565889"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000565889.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000565889.json"
source: "Public Contracts Scotland"
current_stage: "Award"
buyer: "INVERCLYDE COUNCIL"
published: "2019-03-01"
---

# CP0326 Provision of Banking Services

Buyer: INVERCLYDE COUNCIL  
Current stage: Award  
OCID: ocds-r6ebe6-0000565889

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000565889)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-r6ebe6-0000565889.json)

## Summary

Inverclyde Council is inviting tenders for the "CP0326 Provision of Banking Services," aimed at managing bank accounts for day-to-day operations including Council Tax and Non-Domestic rates collection, payments, and Treasury Management. The procurement process is currently in the Award stage, following the completion of the tender period that ended on 21 January 2019. This open procurement, located in Greenock, UK, has an estimated contract value of £480,000, with the current contract awarded to Bank of Scotland Plc, signed on 20 February 2019. The contract duration commenced on 1 April 2019 and extends through to 31 March 2024, with opportunities for renewal up to 2027.

This procurement presents significant opportunities for businesses specialising in banking services, particularly those that are authorised by the Financial Conduct Authority. Companies with a robust financial standing and those able to demonstrate relevant experience are well-suited to compete for this contract. Bidders are encouraged to provide community benefits such as educational resources and local supply chain initiatives, which will play a pivotal role in contract evaluation. Engaging in this tender may enhance a business’s profile and foster growth through collaboration with local government projects.

## Notice

Tenders are invited by Inverclyde Council for the provision of Banking Service for bank accounts covering its day to day operations including for Council Tax and Non-Domestic rates collection,Creditor and Payroll payments and a Call Deposit Account. The Council also undertakes Treasury Management operations (involving other call and notice bank accounts and other instruments) which will interact with, but be separate from, the accounts covered by this tender.

### Lot Information

Lot 1

Tenders are invited by Inverclyde Council for the provision of Banking Services for bank accounts covering its day to day operations including for Council Tax and Non-Domestic rates collection, Creditor and Payroll payments and a Call Deposit Account. The Council also undertakes Treasury Management operations (involving other call and notice bank accounts and other instruments) which will interact with, but be separate from, the accounts covered by this tender.

Renewal: This contract has the option to extend for a 12 month period until 31/03/2025, a further 12 month period until 31/03/2026 and a final 12 month period to 31/03/2027.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR347058 |
| Notice type | OJEU - F3 - Contract Award 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 | 1 Mar 2019 |
| Submission deadline | 21 Jan 2019 |
| Future notice date | Not specified |
| Award date | 20 Feb 2019 |
| Contract period | 1 Apr 2019 - 31 Mar 2024 |
| Recurrence | December 2023 if no extension period activated. December 2024 if 1st extension period activated. December 2025 if 2nd extension period activated. December 2026 if 3rd extension period activated. |

## Values

| Field | Value |
| --- | --- |
| Tender value | £480,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £192,797 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Not specified |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | INVERCLYDE COUNCIL |
| Locality | GREENOCK |
| Post town | Paisley |
| Postcode | PA15 1LX |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM3 West Central Scotland |
| ITL 3 | TLM33 Inverclyde, East Renfrewshire, and Renfrewshire |
| Local authority | Inverclyde |
| Electoral ward | Inverclyde North |
| Westminster constituency | Inverclyde and Renfrewshire West |
| Delivery location | TLM83 Inverclyde, East Renfrewshire, and Renfrewshire |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BANK OF SCOTLAND |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66110000 - Banking services

## Release History

- 1 Mar 2019 at 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR347058
- 10 Dec 2018 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC339724

## Documents

- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC339724
  CP0326 Provision of Banking Services - Tenders are invited by Inverclyde Council for the provision of Banking Service for bank accounts covering its day to day operations including for Council Tax and Non-Domestic rates collection,Creditor and Payroll payments and a Call Deposit Account. The Council also undertakes Treasury Management operations (involving other call and notice bank accounts and other instruments) which will interact with, but be separate from, the accounts covered by this tender.
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR347058
  CP0326 Provision of Banking Services - Tenders are invited by Inverclyde Council for the provision of Banking Service for bank accounts covering its day to day operations including for Council Tax and Non-Domestic rates collection,Creditor and Payroll payments and a Call Deposit Account. The Council also undertakes Treasury Management operations (involving other call and notice bank accounts and other instruments) which will interact with, but be separate from, the accounts covered by this tender.

## Notice URLs

- http://
- http://www.inverclyde.gov.uk
- http://www.publictendersscotland.publiccontractsscotland.gov.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000565889

## 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-r6ebe6-0000565889. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000565889.json.