Banking Services

A Tender Notice
by LONDON BOROUGH OF BARNET

Source
Find a Tender
Type
Contract (Services)
Duration
5 year
Value
£0-£368K
Sector
BUSINESS
Published
15 Oct 2021
Delivery
To 20 Oct 2026 (est.)
Deadline
15 Nov 2021 12:00

Concepts

Location

London Borough of Barnet

Geochart for 1 buyers and 0 suppliers

1 buyer

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.

Total Quantity or Scope

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. … The Council require a 5 year contract plus 2 year extension option. Additional information: Tender documents are accessible from LBB's procurement portal www.barnetsourcing.co.uk under current opportunities. Please register and this will enable access to tender documents Should you experience technical difficulties with the portal please contact support@curtisfitchglobal.com explaining these and that they relate to this opportunity

Renewal Options

2 year extension option subject to performance review and budget

Award Criteria

Relationship Management 15
Service Delivery and Query Resolution 15
Implementation 15
Social Value 10
price 45

CPV Codes

  • 66110000 - Banking services

Indicators

  • This is a one-off contract (no recurrence)
  • Renewals are available.
  • Professional qualifications are sought.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** To access tender documents please visit www.barnetsourcing.co.uk current opportunities and follow on screen prompts Should you experience technical difficulties with the portal please contact support@curtisfitchglobal.com explaining these and that they relate to this opportunity (MT Ref:224121)

Reference

Domains