Published date: 9 September 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.


Closing: 14 October 2022, 12pm

Contract summary

Industry

  • Banking services - 66110000

Location of contract

England

Value of contract

£700,000

Procurement reference

KENT001-DN632135-27787435

Published date

9 September 2022

Closing date

14 October 2022

Closing time

12pm

Contract start date

1 February 2023

Contract end date

31 January 2030

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?

Yes

Contract is suitable for VCSEs?

Yes

Description

Kent County Council are tendering the provision of their Banking Services.

Kent County Council currently maintains a number of bank accounts, including the following main accounts:

• General Account
• Payments Account
• Salaries Account
• Schools' Payroll Account
• Commercial Services Laser Purchases Account
• Commercial Services Income Account
• Commercial Services Purchases Account
• Direct Debit Collections Account
• Pension Payroll Account

In addition to these, the Council operates a number of other accounts, including imprest / receipts accounts, Kent schools accounts and approximately 1,300 bank accounts on behalf of individuals receiving care.

The Police and Crime Commissioner for Kent (PCCK), and the Kent and Medway Towns Fire Authority (KMTFA) currently use the Council's bank and take advantage of the same terms and tariffs offered to the Council. The requirement of these organisations is therefore included within the Council's tender process. The successful bank will be required to enter into separate contractual agreements with each organisation whereby those organisations can draw down services under the KCC contract by way of an Access Deed.

The successful supplier will be required to:

1. Encourage and support the further development of electronic/online banking services to reduce costs by streamlining processes and enhancing the quality of management information.

2. Provide access to physical facilities as the Council requires, for both its own operations as well as for schools in the KCC scheme, for cash and cheque paying in, cheque encashment and a head office collection account.

3. Effectively support the operation of the Financial Affairs Client accounts.

About the buyer

Contact name

Craig Manley

Address

Sessions House
Maidstone
ME14 1XQ
United Kingdom

Telephone

+44 3000423324

Email

craig.manley@kent.gov.uk

Website

http://www.kent.gov.uk