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Published 23 Jun 2022, 10:59 BST

Official UK procurement notice

WP3835 - Banking Services

Official notice

Authority: Walsall Metropolitan Borough Council (Local council)

ServicesOpen procedure
Sectors: Financial and insurance services (66) Delivery: West Midlands (UKG38)
Published estimate£280,000≈ £56k / year6.4% above published estimate
Submissions closed 25 Jul 2022awarded 16 Nov 2022
Awarded to Barclays Bank PLC
Contract term 5 yrsends 31 Mar 2028 · extension options published · starts 1 Apr 2023

What is being bought

Published requirement description

Walsall Council is seeking to commission our 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.

CPV: Banking services

The lotProcurement structure

single lot · value published
Lot #1The service required includes the maintenance of bank accounts, cash and cheque…AwardedRenewal 5 yrsPublished value£280,000

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.

Contract period: 1 Apr 2023 – 31 Mar 2028 (5 yrs)
Delivery: West Midlands · Walsall
Extensions: up to a further 24 months extension option · option to extend for up to a further 24 monthsVariant bids: not allowedElectronic catalogue: required
66110000 Banking services

What it takes to win
i

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 more
How bids were scored
Quality: 60%Price: 40%
Published sub-criteria (2)
  • Non Price: 60%
  • price: 40%
Published award criteria (2)
  • Non Price: 60
  • Price: 40
What this means for your bid
  • Price carries 40 of 100 points: a 10% discount moves about 4 points. The method statement decides this lot, not the discount.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

Procedure terms & legal framework

From the official record · publisher note attached
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
23 Jun 2022, 10:59 BST
Last source update
17 Nov 2022, 10:52 GMT
Award evaluation window
25 Jul 2022 – …
Authority reference
WP3835
FTS notice number
2022/S 000-032606
Classification (CPV)
Banking services
Delivery area
West Midlands (UKG38)
Official registry OCID
ocds-h6vhtk-0349a7 Find a Tender
Review and risk notes
Review procedure

The Council will incorporate a standstill period at the point when information on the proposed award of the contract is communicated to tenderers. The standstill period, which will be for a minimum of ten calendar days, provides time for unsuccessful tenderers to challenge the award decision before the contract is entered into. Aggrieved parties who have been harmed or are at risk of harm by any breach of the Council’s obligations may take action in the High Court (England, Wales and Northern Ireland).

Publisher note: Interest in this contract process should be expressed via the Council’s e-Tendering Portal – https://in-tendhost.co.uk/walsallcouncilThe Council reserves the right to cancel the procurement and not to proceed with the contract. The Council also reserves the right not to award a contract or to award a contract for parts or part of the services only.The Council will not, under any circumstances, reimburse any expense incurred by bidders in preparing their SSQ or tender submissions.

How it was run

Official notice
Submission deadline
25 Jul 2022, 12:00 BST
Submission channel
{"written"}
Accepted languages
en
Bids opened
25 Jul 2022, 12:00 BST

Timeline

25 Jul 2022 → 1 Apr 2023 · 4 dates
  1. Submission deadline
    25 Jul 2022, 12:00 BST
  2. Bids opened
    25 Jul 2022, 12:00 BST
  3. Notice published
    17 Nov 2022, 10:52 GMT
  4. Contract starts
    1 Apr 2023, 00:00 BST

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    17 Nov 2022, 10:52 GMT

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £298,0001 contract exc. VAT
Bids received 2
Contracts signed 1latest 16 Nov 2022
Awarded toValueDateStatus
Barclays Bank PLC£298,000 †—Awarded

Contracts

  • WP3835 - Banking Services · Barclays Bank PLC

    Signed
    16 Nov 2022
    Value
    £298,000
    Period
    … – 31 Mar 2028
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
2bids · 2 electronic · 2 from abroad0——

Contracting authority & participating public bodies

Walsall Metropolitan Borough Council

Contracting authorityLocal CouncilRegional or local authorityGeneral public services Civic Centre, Darwall Street,, Walsall, West Midlands, WS1 1TPContact email Published organisation website ↗

Bidders & participating suppliers

1 commercial party on the notice

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

  • Economic and financial selection criteriatenderEconomic and financial selection criteria
  • Technical selection criteriatenderTechnical selection criteria