Official UK procurement notice
Maidstone Borough Council - Corporate Banking and Merchant Services
Authority: Maidstone Borough Council (Local council)
What is being bought
Published requirement descriptionMaidstone Borough Council (MBC) is looking to award a contract for corporate banking and card merchant services (excluding investment services).
Contract Term:
This contract term will be an initial 5-year term. The Council would reserve the right to extend this contract for a period of up to 60 months at the end of the initial 5-year contract term.
CPV: Banking services · Financial and insurance services · Metal
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).
Published sub-criteria (2)
- Quality: 40%
- Cost: 60%
Published award criteria (2)
- Cost: 60
- Quality: 40
- 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
- 2 Aug 2024, 16:39 BST
- Last source update
- 25 Oct 2024, 14:25 BST
- Award evaluation window
- 6 Sept 2024 – …
- Authority reference
DN736378- FTS notice number
2024/S 000-034685- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-048766Find a Tender
How it was run
Official notice- Submission deadline
- 30 Aug 2024, 12:30 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bids opened
- 6 Sept 2024, 12:00 BST
Timeline
30 Aug 2024 → 25 Oct 2024 · 3 dates- Submission deadline30 Aug 2024, 12:30 BST
- Bids opened6 Sept 2024, 12:00 BST
- Notice published25 Oct 2024, 14:25 BST
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete25 Oct 2024, 14:25 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Lloyds Banking Group | — | — | Awarded |
Contracts
Contract 034685-2024-1 · Lloyds Banking Group
- Signed
- 25 Oct 2024
- Value
- —
- Status
- active
Bid statistics published by the authority
| Lot | Bids | SME | VCSE | Valid bid range |
|---|---|---|---|---|
| Maidstone Borough Council (MBC) is looking to award a contract for corporate banking… | 1bids · 1 electronic | — | — | £1 – £388,600 |
| Whole notice | — | — | — | £1 – £388,600 |
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.