Banking services
Published
Description
The University of Southampton has a requirement for the provision of corporate banking services. The University requires a banking service which will include the provision and maintenance of bank accounts, income handling (including cash and cheques), a full range of payment processing options (including electronic bank transfer, both domestic and international, BACS and direct debit) and other services associated with higher education banking arrangements, including an electronic banking platform for payment initiation and balance/transaction reporting. The University of Southampton is seeking to develop efficient and cost-effective banking arrangements which will be capable of meeting future market and technological changes, and which will meet, and often exceed, user expectations. It is looking to build relationships with organisation/s in which it can be confident to deliver tangible value to the University. The University of Southampton has a requirement for the provision of corporate banking services. The University requires a banking service which will include the provision and maintenance of bank accounts, income handling (including cash and cheques), a full range of payment processing options (including electronic bank transfer, both domestic and international, BACS and direct debit) and other services associated with higher education banking arrangements, including an electronic banking platform for payment initiation and balance/transaction reporting. The University of Southampton is seeking to develop efficient and cost-effective banking arrangements which will be capable of meeting future market and technological changes, and which will meet, and often exceed, user expectations. It is looking to build relationships with organisation/s in which it can be confident to deliver tangible value to the University. The University is conducting this procurement using the open procedure in accordance with the requirements of the Public Contracts Regulations 2015 (PCR 2015) for the purpose of procuring the goods/services described in the invitation to tender document set. Contract period: The University proposes to enter into a contract for 6 years – this will be the maximum contract period, including any potential extensions with the successful tenderer. This will comprise of an initial contract period of 4 years with an option to extend by a further 2 years subject to satisfactory performance and at the discretion of the University. Contract value: the estimated value of the initial four-year contract term is GBP 200 000 (excluding VAT). The estimated value of the 2-year extension period is GBP 100 000 (excluding VAT). It is estimated, therefore, that the total value of this contract will be GBP 300 000 (excluding VAT). Tenderers are required to provide with their tender submission a full suite of their contractual documentation, including any contract terms, mandates or any other documentation the University would be expected to agree to, as part of their tender.
Timeline
Award date
4 years ago
Publish date
4 years ago
Buyer information
University of Southampton
- Contact:
- Alice Mashford
- Email:
- Procurement@soton.ac.uk
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