RFP QuestBeta
ClosedStage · contract

NTW Solutions Ltd

Banking Services

Financial ServicesCPV 66000000 66100000
Value£79k
Deadline15 Nov 2023
Published19 Dec 2023
RegionNorth East
Timeline
Published 19 Dec 2023ClosedCloses 15 Nov 2023
Contract value in context
£79ktotal contract value
median £150k
this tender£0£4.7m

This sits in the lower-middle of the Financial & Insurance Services band — a mid-scale opportunity. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

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The brief

The Authority tendered for a banking provider for: - Current accounts x 6 to receive income, make cheque payments and to make transfers to and from other accounts, including its account with Natwest (Government Bank Account).

This will be operational accounts only with no fixed deposits or lending required.

The pricing schedule shows the current annual account activity for our accounts which includes main activities of: - Banking (cash and cheques) - most of the banking are notes i.e. around 90% for banked and 99% for withdrawal) as we keep as much change as possible at main cashiering sites.

We do around 10 drops per week, transported by Security Plus Limited to a local branch - See Pricing Schedule for more detail. - Direct Receipts - Manual cheques issued - two signatures are required if the cheque is for £50k or over, or the cheque is made out to "cash" - BACS payments made - Inter-account transfers

Buyer intelligence

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Source & provenance
OCID
32ee9c4e-3d2e-478c-bdc8-6287f452820a
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
CF-2031000D0O000000rwimUAA
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

Market context

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