Awarded contract

Banking Services

Details

Value
£268,799
Duration
7 years
Topic
Banking services
Published
8 October 2024

Tender description

Call off from TPA/CPRAS Banking and Finance Framework for the provision of banking services (the authority bank accounts). The contract term is from 1 June 2024 until 31 May 2031 with the option of up to 36 months extension period at the sole discretion of the Authority.

Timeline

  1. Completed: Award date1 June 2024
  2. Completed: Award published8 October 2024
    Current notice
  3. Next: Contract expiry date31 May 2031in 5 years

About the buyer

Isle of Wight Council governs the island as a local authority, and advertises its tender opportunities through the South East Business Portal. Contracts Finder lists opportunities above a set value threshold, while larger contracts appear on the Find a Tender Service. Suppliers register free on ProContract, the system behind that portal, to receive notifications of new opportunities. The same portal carries opportunities from local authorities across the South East region. Public Contract Regulations 2015 govern the council's tender processes. Every business gets a fair and equal chance to compete for its contracts.

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 Isle of Wight Council's contract awards have been in software and information systems, IT services and construction work.

Relevant CPV codes

  • 66110000 · Banking services

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Decision makers

Connect with the people behind this procurement.

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

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