Official UK procurement notice
Corporate Banking and Merchant Services
Authority: Tunbridge Wells Borough Council (Local council)
Sectors: Financial and insurance services (66) Delivery: South East (UKJ46)
Budget not disclosedValue not published
Submissions closed 8 Nov 2023awarded 19 Feb 2024
Awarded to Lloyds Banking Group
What is being bought
Published requirement descriptionTunbridge Wells Borough Council (TWBC) is looking to award a contract for corporate banking and card merchant services (excluding investment services).
CPV: Banking services · Financial and insurance services
The lotProcurement structure
single lot · no lot value publishedLot #1AwardedRenewal
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
How bids were scored
Published sub-criteria (2)
- Quality: 40%
- Cost: 60%
Published award criteria (2)
- Cost: 60
- Quality: 40
What this means for your bid
- Price carries 60 of 100 points: a 10% discount moves about 6 points. This one is won on the number: sharpen the price before polishing the prose.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Yes
- First published
- 11 Oct 2023, 16:32 BST
- Last source update
- 19 Feb 2024, 15:16 GMT
- Award evaluation window
- 15 Nov 2023 – …
- Authority reference
DN694071- FTS notice number
2024/S 000-005411- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-040b2dFind a Tender
How it was run
Official noticeRun through: ProContract (Due North) · Who buys & how to bid on ProContract
Access & registration note: Free · short registration with manual review; public opportunity list
- Submission deadline
- 8 Nov 2023, 12:00 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bids opened
- 15 Nov 2023, 12:00 GMT
Detailed submission instructions & authority contactsFrom official release
Timeline
8 Nov 2023 → 19 Feb 2024 · 3 dates- Submission deadline8 Nov 2023, 12:00 GMT
- Bids opened15 Nov 2023, 12:00 GMT
- Notice published19 Feb 2024, 15:16 GMT
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete19 Feb 2024, 15:16 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecastAwards 1
Bids received 1
Contracts signed 1latest 19 Feb 2024
| Awarded to | Value | Date | Status |
|---|---|---|---|
| Lloyds Banking Group | — | — | Awarded |
Contracts
Contract 005411-2024-1 · Lloyds Banking Group
- Signed
- 19 Feb 2024
- Value
- —
- Status
- active
Bid statistics published by the authority
| Lot | Bids | SME | VCSE | Valid bid range |
|---|---|---|---|---|
| Tunbridge Wells Borough Council (TWBC) is looking to award a contract for corporate… | 1bids · 1 electronic | — | — | £474,970 – £1,000,000 |
| Whole notice | — | — | — | £474,970 – £1,000,000 |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Mid Kent LegalReview body
- Mid Kent Legal ServicesReview body
Bidders & participating suppliers
1 commercial party on the notice- Lloyds Banking Group PLCAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.