General Banking Services

Concepts

• gateshead
• finance and insurance
• bank account structures
• general banking services
• ancillary services
• core transactional banking arrangements
• general
• bank
• banking
• associated interest payments

Location

Gateshead

Description

NEPO, in collaboration with ESPO and YPO, have established a multi-supplier Framework Agreement for the provision of General Banking Services. The service will be used to deliver core transactional banking arrangements, providing bank account structures to be used for outgoing payments such as creditor cheques, CHAPS, BACS, direct debits, standing order payments, balance requests, commission charges and associated interest payments. Alongside these core transactional services, the Framework Agreement includes ancillary services which sit outside the core elements of the agreement, such as receipt accounts to receive payments, rent allowance accounts for benefit payments, wage accounts for staff salary payments and petty cash accounts and treasury deposits.

Total Quantity or Scope

NEPO used a competitive procedure with negotiation for the procurement of this Framework Agreement. The first stage was a selection questionnaire, which was used to shortlist suppliers. Shortlisted suppliers were then be Invited to Tender. The selection questionnaire document also contained an ITT overview that set out the high-level requirements of the Framework Agreement. This document allowed suppliers to determine if they were interested in this opportunity and consider whether they had the required capability and capacity to deliver the Framework Agreement. The Framework Agreement is a multi-supplier and single lot solution. Those suppliers shortlisted from selection questionnaire and Invited to Tender were evaluated in accordance with the award criteria contained within the Invitation to Tender documents. NEPO reserved the right to enter into negotiations with tenderers in line with the requirements of the competition with negotiation procedure. NEPO also reserved the right not to enter into negotiations and award the Framework Agreement on the basis of initial tender. The most economically advantageous tenderers were awarded the Framework Agreement. NEPO does not give any guarantee and/or warrant the actual value of the services (if any) which are placed with the successful supplier(s) by any Contracting Authority using the Framework Agreement pursuant to this process and accepts no liability thereof. In accordance with the Framework Agreement, each Contracting Authority will enter into a call-off contract. The call-off contract is to be entered into by both the Contracting Authority and successful supplier(s) and will be based on the terms and conditions of the Framework Agreement.

Award Detail

Renewal Options

The Framework Agreement is for a period of 48 months with the options to extend for up to a further 2 x 24 month periods. This is due to the commercial and contractual complexity of the Framework Agreement combined with the cost of administrating the procurement for NEPO, ESPO, YPO, Contracting Authorities and Tenderers.

Award Criteria

CPV Codes

• 66000000 - Financial and insurance services

Indicators

• Options are available.
• Award on basis of price.