Closed tender

HCC 08/19 The Provision of Banking Services

Details

Value
GBP 1,000,000
Topic
Banking services
Published
2 September 2019
Submission
2 October 2019

Tender description

The Council requires a comprehensive money transmission banking service involving maintenance of Council and school bank accounts, handling of paper, BACS and CHAPS clearing, cash processing and other activities associated with local authority banking business. The Council will require an internet banking service for balance/transaction reporting and payment initiation. The proposed Contract will be awarded for an initial term of 5 years, with the option to extend for an initial period 3 years, plus an option to extend up to a further 2 years. The maximum value of the initial 5-year term of the contract will be £450,000. The maximum value of the potential 10-year period will be up to £1,000,000. This is to allow for indexation or variations during the extension period(s). Further information in regards to this opportunity can be found in the OJEU Contract Notice.

Timeline

  1. Completed: Tender published2 September 2019
    Current notice
  2. Completed: Submission date2 October 2019

About the buyer

Hertfordshire County Council is a public sector buyer in United Kingdom publishing tenders and awards on Stotles. Explore their procurement activity and find more opportunities like this one.

Relevant CPV codes

  • 66110000 · Banking services
  • 66112000 · Deposit services
  • 66115000 · International payment transfer services
  • 66172000 · Financial transaction processing and clearing-house services

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Decision makers

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