Published date: 28 November 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: 3 January 2020

Contract summary

Industry

  • Banking services - 66110000

Location of contract

RG14 5LD

Value of contract

£400,000

Procurement reference

P00000221

Published date

28 November 2019

Closing date

3 January 2020

Contract start date

1 April 2020

Contract end date

31 March 2025

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

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

The Council requires a comprehensive money transmission banking service involving maintenance of Council and school bank accounts, handling of paper, BACS and CHAPS clearing, cash processing and other activities associated with local authority banking business. The Council and schools will require an internet banking service for balance/transaction reporting and payment initiation.

The Council proposes to enter into one Contract for a period of 5 years. The Council will require the option to extend the contract for a further 5 years making the maximum contract period 10 years.
The anticipated service commencement date is 1st April 2020

More information

Links

Additional text

Register interest at https://in-tendhost.co.uk/westberks/aspx/Home

Is a Recurrent Procurement Type? : No

About the buyer

Contact name

Mark Brown

Address

Market Street
Newbury
Newbury
RG14 5LD
UK

Telephone

01635 519586

Email

mark.brown1@westberks.gov.uk