Published date: 9 July 2018
Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.
Contract summary
Industry
Banking services - 66110000
Location of contract
North East
Value of contract
£180,000 to £210,000
Procurement reference
THIR/TEN/18/615
Published date
9 July 2018
Closing date
8 August 2018
Contract start date
3 September 2018
Contract end date
1 September 2023
Contract type
Service contract
Procedure type
Open procedure (above threshold)
Any interested supplier may submit a tender in response to an opportunity notice.
This procedure can be used for procurements above the relevant contract value threshold.
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
This specification is for one banking service provider with whom we will hold current accounts and credit cards as detailed in the requirements below. This provider will also offer payment options for us and for our customers and an overdraft facility.
Requirements:
Minimum of four current accounts for three legal entities, with scope to increase this if the group expands.
A quick and straightforward process to update bank mandates as needs change
An overdraft facility of £2m
Convenient way/(s) to pay in cash and cheques received, and to make cash withdrawals across the Tees Valley
Online system access to download real time banking information (cloud based system preferred), with integrated payment and account transfer functions.
Account information must be available to download in PDF and Excel/CSV format
Must be able to import payments created in our Open Accounts finance system
Payments will consist of BACS, faster payments (same day and future dated) and CHAPS payments. We may also infrequently make international payments
Payment function must be able to mirror signing rules on bank mandates, with segregation of duties between inputter and authoriser, allowing for dual level authorisation where required
Around 60 credit cards with an overall group credit limit of around £250k
Online management of credit cards including the ability to adjust individual cardholder limits is essential
The option for contactless credit cards is desirable, as is the option for prepaid debit cards
A named relationship management team that can provide quality support as and when required
An innovative approach to fraud, financial inclusion and alternative payment solutions to benefit the Group and our customers
About the buyer
Contact name
Joanne Boyd
Address
Northshore,North Shore Road
STOCKTON-ON-TEES
TS182NB
England
Telephone
07920786582
procurement@thirteengroup.co.uk
Website
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Closing: 8 August 2018
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