Published date: 17 August 2022
Last edited date: 17 August 2022
This notice was replaced on 17 August 2022
This notice does not contain the most up-to-date information about this procurement. The most recent notice is:
Opportunity (published 17 August 2022, last edited 18 August 2022)
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
England
Value of contract
£175,000
Procurement reference
TOWER001-DN618576-58576418
Published date
17 August 2022
Closing date
19 September 2022
Closing time
11:59pm
Contract start date
1 April 2023
Contract end date
31 March 2028
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?
No
Contract is suitable for VCSEs?
No
Description
Banking services for London Borough of Tower Hamlets.
To procure a cost effective banking contract which will include the operation of bank accounts, cash/cheque handling and automated payments and receipts (i.e. BACS, Faster Payments, CHAPS). An internet banking service (for payment initiation and balance/transaction reporting) will also be required. In recent years bank have been increasing pricing for local authority contracts so it unlikely that direct cost savings will be secured. However, the procurement process will allow the Council to review banking related processes and may present the opportunity to make internal efficiency savings.
This opportunity is advertised via Tower Hamlets e tendering portal (Proactis) You will be required to register on the portal to
More information
Previous notice about this procurement
- Opportunity
- Published 17 August 2022, last edited 17 August 2022
About the buyer
Contact name
Ismaheel Adisa
Address
Mulberry Place
London
E14 2BG
England
Telephone
+44 2073645000
procurement@towerhamlets.gov.uk
Website
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