Expired contract

Banking Services

Details

Value
£120,000
Duration
8 years
Published
4 November 2016

Tender description

The Royal Borough of Kingston upon Thames is inviting providers to tender for the provision of money transmission banking services. The service required includes the maintenance of bank accounts, cash and cheque handling, BACS transaction processing and other money transmission services typically provided to local authorities. The Council will also require an internet banking service for balance/transaction reporting and payment initiation. The Council is issuing this invitation to tender as a further competition under Lot 1 – General Banking of the ESPO’s Banking Services Framework (reference 384-14). Keywords: Bank, Account, Banking

Timeline

  1. Completed: Award published4 November 2016
    Current notice
  2. Completed: Award date4 November 2016
  3. Completed: Contract expiry date31 March 2025

About the buyer

Royal Borough of Kingston upon Thames is a local authority that buys under its own Contract Regulations, using a corporate contract first wherever one covers the purchase. Every tender is advertised on the London Tenders Portal, the council's e-tendering system. Contracts above the Procurement Act 2023 thresholds also appear on Find a Tender. Lower-value work goes to written quotations, preferably from local suppliers, or to call-off from a framework agreement or dynamic purchasing system. A three-year Commercial Pipeline lists the larger procurements the council expects to run. A contracts register names the main suppliers so that potential sub-contractors can approach them directly.

UK local government drives £140bn in annual procurement, led by social protection (£66.6bn) and education (£57.1bn).

Over the past 5 years, most of Royal Borough of Kingston upon Thames's contract awards have been in transport services, architectural and engineering services and construction work.

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Decision makers

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Contact nameJob titlePhone numberWork email
Head of Procurement+44 •••• ••••••
Commercial Director+44 •••• ••••••
Procurement Manager+44 •••• ••••••
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Senior Buyer+44 •••• ••••••
Contracts Manager+44 •••• ••••••

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