Published date: 1 July 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: 1 August 2022, 12pm

Contract summary

Industry

  • Banking services - 66110000

Location of contract

West Midlands

Value of contract

£225,000

Procurement reference

BIP694741732

Published date

1 July 2022

Closing date

1 August 2022

Closing time

12pm

Contract start date

3 April 2023

Contract end date

2 April 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?

No

Contract is suitable for VCSEs?

No

Description

The Council requires a money transmission banking service to include the maintenance of bank accounts, Faster Payments, BACS and CHAPS transaction processing and other services associated with local authority banking arrangements. An internet banking service for balance/transaction reporting and payment initiation will also be required.

The Council is aiming to eliminate cash and cheque handling from its banking arrangements from the start of this contract. It is however possible that cash and cheques will still be deposited in the early stages of the contract although it is anticipated that volumes/values will be minimal.

Please see the service specification document included in the tender pack for further details of this procurement.

The contract will be for an initial period of 5 years with the option to extend for a further 2 years. The contract will commence on 3rd April 2023.

More information

Links

About the buyer

Contact name

Procurement

Address

Shirehall
Abbey Foregate
Shrewsbury
SY2 6ND
UK

Telephone

+441743252992

Email

procurement@shropshire.gov.uk