Corporate Banking Services

Contract summary

Industry

• Central bank services - 66111000

• Deposit services - 66112000

• Credit granting services - 66113000

Show additional CPV codes for this notice

• International payment transfer services - 66115000

• Processing and clearing services - 66133000

Location of contract

South East

Value of contract

£300,000

Procurement reference

2019UoS-0196

Published date

7 May 2020

Closing date

4 February 2020

Contract start date

20 April 2020

Contract end date

19 April 2026

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

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Description

The University of Southampton has a requirement for the provision of Corporate Banking services. The University requires a banking service which will include the provision and maintenance of bank accounts, income handling (including cash and cheques), a full range of payment processing options (including electronic bank transfer, both domestic and international, BACS and direct debit) and other services associated with higher education banking arrangements, including an electronic banking platform for payment initiation and balance/transaction reporting.
The University of Southampton is seeking to develop efficient and cost-effective banking arrangements which will be capable of meeting future market and technological changes, and which will meet, and often exceed, user expectations. It is looking to build relationships with organisation/s in which it can be confident to deliver tangible value to the University.
The University is conducting this procurement using the open procedure in accordance with the requirements of the Public Contracts Regulations 2015 (PCR 2015) for the purpose of procuring the goods/services described in the Invitation to Tender document set.
Contract Period: The University proposes to enter into a Contract for six years - this will be the maximum contract period, including any potential extensions with the successful tenderer.
This will comprise of an initial contract period of four years with an option to extend by a further two years subject to satisfactory performance and at the discretion of the University.
Contract Value: The estimated value of the initial four-year contract term is £200,000 GBP (excluding VAT).
The estimated value of the two-year extension period is £100,000 GBP (excluding VAT).
It is estimated, therefore, that the total value of this contract will be £300,000 GBP (excluding VAT).
Tenderers are required to provide with their tender submission a full suite of their contractual documentation, including any contract terms, mandates or any other documentation the University would be expected to agree to, as part of their tender.

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More information

Previous notice about this procurement

Corporate Banking Services

• Opportunity
• Published 19 December 2019

Additional text

E-Tendering Portal: The University is utilising an electronic tendering tool, In-Tend (https://intendhost.co.uk/universityofsouthampton) to manage this procurement and to communicate with potential suppliers and/or tenderers (as appropriate).
All documentation in relation to this tender can be downloaded from In-Tend.
Potential suppliers/tenderers are advised that there will be no hard copy documents issued and all communications with the University, including the submission of Selection Stage and/or Invitation to Tender responses will be conducted via In-Tend.
Regular monitoring of the portal is the responsibility of the potential supplier/tenderer.
If you are not already registered as a supplier with the University of Southampton, you will need to register in In-Tend in order to access the procurement documentation.
Once you have logged in as a supplier: click on 'Tenders'; locate the relevant project; and click 'View Details'. Once you are in the project screen, you will be able to register your organisation against the project and access all documentation by clicking 'Express Interest'.
Potential suppliers/tenderers are advised that formal expressions of interest in the project must be by way of completion and return of the relevant documents via In-Tend.
Further instructions for the submission of responses are below:
To submit your return:
1. Log in
2. Click 'Tenders'
3. Locate the relevant project
4. View details
5. Click on the tab relating to the relevant project stage (e.g. 'Invitation to Tender')
6. Click on the 'Attach Documents' button and upload your return.
7. Check ALL your response documents are uploaded and displayed in the 'My Tender Return' panel. The system will only permit your organisation to make one return.
8. Click the red 'Submit Return' button.
Please note, to preserve the integrity of the procurement, all communications with the University must be made via the correspondence function within In-Tend.
Publication of Award Details: In accordance with Regulation 50, paragraph (2) of the Public Contracts Regulations 2015 and subject to Article 5 and Annex 5, Part D (13) of Directive 2014/24/EU of the European Parliament and of the Council (if applicable), the University intends to publish the value of any resulting contract at the award stage, and reserves the right to do so. By submitting a response, potential suppliers/tenderers are consenting to publication of this information unless otherwise agreed in advance with the University.

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Award information

Awarded date

23 March 2020

Contract start date

4 May 2020

Contract end date

3 May 2026

Total value of contract

£300,000

This contract was awarded to 1 supplier.

BARCLAYS BANK PLC

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About the buyer

Contact name

Alice Mashford

Address

University Road
SOUTHAMPTON
SO171BJ
England

Telephone

02380 592654

Email

a.mashford@soton.ac.uk