Published date: 5 March 2024
Last edited date: 5 March 2024
Awarded contract - This means that the contract has been awarded to a supplier.
Contract summary
Industry
Financial and insurance services - 66000000
Location of contract
United Kingdom
Value of contract
£288,000,000
Procurement reference
NEPO531
Published date
5 March 2024
Closing date
21 July 2023
Closing time
12pm
Contract start date
14 March 2024
Contract end date
13 March 2032
Contract type
Service contract
Procedure type
Competitive procedure with negotiation (above threshold)
Anyone may ask to participate, but only those who are pre-selected will be invited to submit initial tenders and to negotiate.
This procedure can be used for procurements above the relevant contract value threshold.
Contract is suitable for SMEs?
No
Contract is suitable for VCSEs?
No
Description
NEPO, in collaboration with ESPO and YPO, have
established a multi-supplier Framework Agreement
for the prevision of General Banking Services. The
service will be used to deliver core transactional
banking arrangements, providing bank account
structures to be used for outgoing payments such
as creditor cheques, CHAPS, BACS, direct debits,
standing order payments, balance requests,
commission charges and associated interest
payments. Alongside these core transactional
services, the Framework Agreement includes
ancillary services which sit outside the core
elements of the agreement, such as receipt
accounts to receive payments, rent allowance
accounts for benefit payments, wage accounts for
staff salary payments and petty cash accounts and
treasury deposits.
More information
Previous notice about this procurement
- Opportunity
- Published 26 June 2023
Additional text
-
NEPO is a Central Purchasing Body as defined in the Public Contract Regulations 2015 (PCR15). The agreement will be available for use by all NEPO Members. A list of member organisations is available in the About section of the NEPO website at: www.nepo.org
This agreement will also be made available to all current and future NEPO Associate Members. Current Associate Members are listed in the Associate Member section of the NEPO website at: www.nepo.org/associate-membership/list
NEPO intends to make the resulting agreement available for use by all Contracting Authorities throughout all administrative regions of the UK (as defined by the Public Contracts Regulations 2015) including but not limited to Government Departments and their Agencies, Non-Departmental Public Bodies, Central Government, NHS Bodies, Local Authorities, Emergency Services, Coastguard Emergency Services, Educational Establishments, Registered Social Landlords and Registered Charities who have a need to purchase the above services.
A complete list of permissible users is shown on the NEPO website below:
https://www.nepo.org/associate-membership/permissible-users
Organisations wishing to access the NEPO agreement will be required to register as a NEPO Associate Member in the first instance.
Further information can be found at: www.nepo.org
Award information
Awarded date
5 March 2024
Contract start date
14 March 2024
Contract end date
13 March 2032
Total value of contract
£288,000,000
This contract was awarded to 3 suppliers.
Barclays Bank PLC
Address
1 Churchill Place
London
E14 5HPReference
Companies House number: 01026167
Supplier is SME?
No
Supplier is VCSE?
No
Lloyds Bank PL
Address
25 Gresham Street
London
EC2V 7HNReference
Companies House number: 00002065
Supplier is SME?
No
Supplier is VCSE?
No
National Westminster Bank PLC
Address
250 Bishopsgate
London
EC2M 4AAReference
Companies House number: 00929027
Supplier is SME?
No
Supplier is VCSE?
No
About the buyer
Address
THE ASSOCIATION OF NORTH EAST COUNCILS LIMITED
Northern Design Centre, Abbots Hill, Baltic Business Quarter
Gateshead
NE8 3DF
England
Website
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Closing: 21 July 2023, 12pm
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