Corporate Banking Services · UK public procurement notice

Official notice

Authority: London Borough of Croydon (Local council)

ServicesAward procedure without prior publication of a call for competition

Sectors: Financial and insurance services (66) Delivery: London (UKI)

Awarded value£535,000published contract · exc. VAT

Awarded 1 Apr 2025no call for competition

Awarded to NatWest Group

What is being bought

Published requirement description

The London Borough of Croydon seeks to reprocure its Corporate Banking Services contract. The incumbent supplier was invited to tender for this service as a call-off from the NEPO531 General Banking Services framework for a term contract of 8 years, effective from the 1st of April 2025 to the 31st of March 2033.

CPV: Banking and investment services · Banking services

The lotProcurement structure

single lot · no lot value published

Lot #1The procurement is a direct award via a call-off from the NEPO531 General Banking…Awarded

The procurement is a direct award via a call-off from the NEPO531 General Banking Services framework.

Delivery: London

66110000 Banking services

Procedure terms & legal framework

From the official record

Procedure method: Award procedure without prior publication of a call for competition
Legal basis: CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category: Services
Notice status: Awarded without competition
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Direct award (no call for competition)
GPA / WTO covered: Unspecified in notice
Recurring procurement: Unspecified in notice
First published: 19 Sept 2025, 12:21 BST
Last source update: 19 Sept 2025, 12:21 BST
Authority reference: LBC/TN/414
FTS notice number: 2025/S 000-058090
Classification (CPV): Banking and investment servicesBanking services
Delivery area: London (UKI)
Official registry OCID: ocds-h6vhtk-059e15 Find a Tender

Why no open competition: The procurement falls outside the scope of application of the directive
Published justification: NEPO531 General Banking Services framework is PCR 2015 compliant and allows for direct award to pre-qualified suppliers as a call-off contract without prior publication of a call for competition.

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £535,0001 contract exc. VAT

Bids received 1

Contracts signed 1latest 1 Apr 2025

Awarded to	Value	Date	Status
NatWest Group	£535,000 †	—	Awarded

Contracts

Corporate Banking Services · NatWest Group
Signed
1 Apr 2025
Value
£535,000
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
1bids	—	—	—

Contracting authority & participating public bodies

London Borough of Croydon

Contracting authorityLocal CouncilRegional or local authorityGeneral public services Bernard Wetherill House, Fell Road, Croydon, London, CR01EAContact name, email, phone

Dispute resolution & review bodies

High Court of EnglandReview body London

Bidders & participating suppliers

1 commercial party on the notice

National Westminster Bank PlcAwarded supplierGB-COH: 929027 250 Bishopsgate, London, UK, EC2M 4AA

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.