Published date: 25 July 2023
Awarded contract - This means that the contract has been awarded to a supplier.
Contract summary
Industry
Banking services - 66110000
Location of contract
London
Value of contract
£50,000
Procurement reference
DN 660299
Published date
25 July 2023
Closing date
17 April 2023
Closing time
12pm
Contract start date
1 December 2023
Contract end date
30 November 2027
Contract type
Service contract
Procedure type
Single tender action (below threshold)
A direct contract with a single supplier, without competition.
This procedure can be used for procurements below the relevant contract value threshold.
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
Yes
Description
The University of Westminster wishes to appoint a supplier for UK money transmission banking services. The service required includes the maintenance of Sterling, EURO and US Dollar bank accounts, cash and cheque handling, BACS transaction processing and other money transmission services associated with University banking arrangements. An internet banking service will be required for balance and transaction reporting and payment initiation.
Additional information can be obtained from the university e-tendering portal, at https://procontract.due-north.com.
Bidders will need to register for free on the portal by completing a simple registration, Once registered bidders can use the search function under "find opportunities" to find the tender.
More information
Previous notice about this procurement
- Opportunity
- Published 13 March 2023
Award information
Awarded date
17 July 2023
Contract start date
1 December 2023
Contract end date
30 November 2027
Total value of contract
£40,000
This contract was awarded to 1 supplier.
Lloyds Bank Plc
Address
25 Gresham Street
London
EC2V 7HNReference
No reference - other
Supplier is SME?
No
Supplier is VCSE?
No
About the buyer
Address
309 Regent Street
LONDON
W1B2UW
England
Telephone
020 7911 5000
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Closing: 17 April 2023, 12pm
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