Published date: 11 October 2018
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.
Contract summary
Industry
Banking and investment services - 66100000
Location of contract
CR0 2NA
Value of contract
£205,500
Procurement reference
tender_190399/718964
Published date
11 October 2018
Closing date
8 November 2018
Contract start date
11 December 2018
Contract end date
10 December 2022
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 contract for the provision of Banking Services ("The Services") is being tendered by the Board of the Pension Protection PPF ("The PPF") in accordance with the Public Contracts Regulations 2015 under the Open Procedure. The PPF requires a UK clearing bank to provide a full range of clearing bank services.
The Contract will commence in December 2018/January 2019 and will be awarded for a period of four years from the Services Commencement Date ("the Initial Contract Term"). The Contract may be extended on the same terms and conditions at the PPF's option for a further period or periods not exceeding six years in total. The maximum duration of the Contract Term will therefore be 10 years from the Services Commencement Date.
More information
Additional text
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The procurement documents are available for unrestricted and full direct access, free of charge, at https://ppf.bravosolution.co.uk
About the buyer
Contact name
The Board of the Pension Protection Fund
Address
Renaissance, 12 Dingwall Road
Croydon
CR0 2NA
England
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Closing: 8 November 2018
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