Closed tender

Banking Services

Details

Value
GBP 800,000
Topic
Banking and investment services
Published
22 July 2020
Submission
21 August 2020

Tender description

The Council requires a bank to provide a corporate banking service to manage the £2.2 billion funds that it receives and the estimated £1.2 billion that it pays out on an annual basis. The service must be capable of meeting the requirements of all divisional directorates across the Council, including a number of Lambeth schools. The service must be capable of safeguarding the Council's financial assets, deliver ethical banking, whilst delivering value for money. The Council seeks to award a Banking Services Contract to commence on the 1 April 2021 for an anticipated term of 5 years to 31 March 2026 with the option to extend a further 2 years up to 31 March 2028.

Timeline

  1. Completed: Tender published22 July 2020
    Current notice
  2. Completed: Submission date21 August 2020

About the buyer

Lambeth London Borough 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

  • 66100000 · Banking and investment services
  • 66110000 · Banking services
  • 66111000 · Central bank services

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Decision makers

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