Banking Services

Published date: 15 October 2021

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: 15 November 2021, 12pm

Contract summary

Industry

Banking services - 66110000

Location of contract

London

Value of contract

£0

Procurement reference

MT224121

Published date

15 October 2021

Closing date

15 November 2021

Closing time

12pm

Contract start date

1 April 2022

Contract end date

31 March 2027

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?

Contract is suitable for VCSEs?

Description

London Borough of Barnet requires a comprehensive money transmission banking service involving maintenance of numerous bank accounts(including accounts for schools), handling of paper, BACS/Faster Payment and CHAPS clearing, cash processing and other activities associated with local authority banking business. Credit facilities (i.e. overdraft facility, BACS limits, settlement risk limits) will also be required. The Council will require an internet banking service for balance/transaction reporting and payment initiation.The Council require a five year contract with extension option of 2 years.

More information

Links

https://www.mytenders.co.uk/search/show/search_view.aspx?ID=OCT162933
Tender notice
NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided.

About the buyer

Address

2 Bristol Avenue
Colindale London
NW9 4EW
England

Telephone

+44 2083597212

Email

procurement@barnet.gov.uk