Published date: 7 May 2019

Last edited date: 7 May 2019

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.


Closing: 31 May 2019

Contract summary

Industry

  • Banking services - 66110000

  • Investment banking services and related services - 66120000

Location of contract

London

Value of contract

£3,500,000

Procurement reference

TFL001-DN406293-47110253

Published date

7 May 2019

Closing date

31 May 2019

Contract start date

1 April 2020

Contract end date

31 March 2027

Contract type

Service contract

Procedure type

Restricted procedure

A two-stage procedure, where the first stage is used to select suppliers, who are then invited to bid in the second stage.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

Transport for London (TfL) as the Contracting Authority is putting Contract(s) in place for:
i) Banking and Cash Management, ii) International Oyster (Smartcard) Refund Payments; and, iii) Securities (Custodian and Settlement) Services. Each will be in place for five (5) years, with an option to extend one or more of the Contracts for up to a further two (2) years, at the sole discretion of TfL.
This is to be conducted in accordance with the Competitive Procedure with Negotiation under Directive 2014/24/EU on the award of public sector contracts, as implemented in the UK by the Public Contracts Regulations 2015.
This procurement is being conducted in accordance with TfL's drive to deliver best value whilst meetings its' own requirements. As the end of this procurement process, TfL may choose to award a contract / contracts. Any contract / contracts which TfL awards will be to the tenderer(s), who submitted the most economically advantageous tender(s) (MEAT).

More information

Previous notice about this procurement

Banking and Cash Management, International Oyster (Smartcard) Refund Payments and Securities (Custodian and Settlement) Services

  • Opportunity
  • Published 7 May 2019

About the buyer

Contact name

Alexandra Cuckson

Address

55 Broadway
LONDON
SW1H 0BD
United Kingdom

Telephone

+44 2030542992

Email

AlexCuckson@tfl.gov.uk

Website

https://tfl.gov.uk