Banking and investment services

Tender description

Contract for the provision of banking services and associated services for Cambridgeshire County Council. This contract is for 5 years, with an option to extend for 2 years, followed by a further 2 years followed by a final 1 year (making a maximum contract length of 10 years in total). The contract estimated start date will be 1.3.2020. There will be no guarantee of work or volume of work to be given under this contract. Contract for the provision of banking and associated services for Cambridgeshire County Council. The authority requires a comprehensive money transmission banking service involving maintenance of Council, pension fund and school bank accounts, handling of paper, BACS and CHAPS clearing, cash processing and other activities associated with local authority banking business. The authority will require an internet banking service for balance/transaction reporting and payment initiation. The authority expects that the way the service is provided during the life of the contract may change as the market and the authority change its working practices and more digital methods/processes are adopted for receipts and payments.