Published date: 22 July 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 and investment services - 66100000
Banking services - 66110000
Central bank services - 66111000
Location of contract
London
Value of contract
£0 to £800,000
Procurement reference
20200722200231-18
Published date
22 July 2020
Closing date
21 August 2020
Contract start date
1 April 2021
Contract end date
31 March 2026
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
The Council requires a bank to provide a corporate banking service to manage the £2.2 billion funds that it receives and the estimated £1.2 billion that it pays out on an annual basis. The service must be capable of meeting the requirements of all divisional directorates across the Council, including a number of Lambeth schools. The service must be capable of safeguarding the Council's financial assets, deliver ethical banking, whilst delivering value for money.
The Council seeks to award a Banking Services Contract to commence on the 1 April 2021
for an anticipated term of 5 years to 31 March 2026 with the option to extend a further 2 years up to 31 March 2028.
More information
Links
About the buyer
Contact name
Malcolm de Vela
Address
Town Hall, Brixton Hill
London
SW2 1RW
ENG
Telephone
+44 79263591
Website
Share this notice
Closing: 21 August 2020
All content is available under the
