Provision of Banking Services

Published date: 17 October 2019

This notice was replaced on 10 January 2020

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 10 January 2020)

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

Any region

Value of contract

£1,200,000

Procurement reference

DORST001-DN433545-33175371

Published date

17 October 2019

Closing date

19 November 2019

Contract start date

1 January 2020

Contract end date

31 December 2025

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Contract is suitable for VCSEs?

Description

Dorset Council is seeking tenders for the provision of banking services.

Local Government Reorganisation has taken place in the County of Dorset, which resulted in a new Dorset Council on 1 April 2019 replacing the former district and borough councils (East Dorset, North Dorset, Purbeck, West Dorset, Weymouth & Portland) and the former Dorset County Council. The banking arrangements maintained by the former councils are currently provided by a range of different banks and these arrangements will continue until the new banking contract for Dorset Council is implemented.

Dorset Council requires a comprehensive money transmission banking service involving maintenance of numerous bank accounts, handling of paper, BACS and CHAPS clearing, cash processing and other activities associated with local authority banking business.
The Council will require an internet banking service for balance/transaction reporting and payment initiation.

It is anticipated that the contract will commence immediately after final award and run for a period of 5 years. The Council will require the option to extend the contract for a further 3 years (making a maximum possible contract length of 8 years).

Given the complexities of consolidating the banking arrangements, it is very unlikely that all services/requirements will be fully implemented by 1st April 2020. It is likely that different arrangements will be transferred to the new banking contract over an extended period of time up to and following 1st April 2020

More information

Additional text: Unrestricted access to tender documents via https://www.supplyingthesouthwest.org.uk/

About the buyer

Contact name

Dawn Adams

Address

Dorset County Council
County Hall
Dorchester
DT1 1XJ
United Kingdom

Telephone

+44 1305221271

Email

dawn.adams@dorsetcouncil.gov.uk

Website

https://www.dorsetcouncil.gov.uk