Procurement of Banking Services
The procurement contact named on the official notice.
This sits in the upper-middle of the Financial & Insurance Services band — a substantial contract for the sector. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.
The Council is seeking to appoint a banking service provider to deliver day-to-day banking services and transactional facilities.
This contract will also extend to Local Education Authority (LEA) maintained schools within Milton Keynes, the Council’s subsidiary organisation Milton Keynes Development Partnership LLP, and any other subsidiaries that may be later established.
The Council proposes to enter a contract for an initial period of 5 years with the successful tenderer (Service Provider) with an option to extend for a further 2 years.
The anticipated contract commencement date is 01 April 2023.
Should this tender result in the appointment of a new Service Provider then, to ensure a smooth onboarding transition, the commencement date may be deferred subject to mutual agreement but shall commence no later than 01 October 2023.
What the supplier must deliver
The Council is seeking to appoint
The Council is seeking to appoint a banking service provider to deliver day-to-day banking services and transactional facilities.
Should this tender result in the appointment
Should this tender result in the appointment of a new Service Provider then, to ensure a smooth onboarding transition, the commencement date may be deferred subject to mutual agreement but shall commence no later than 01 October 2023.
Derived from the notice text — always confirm against the original documents.
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- OCID
- ocds-h6vhtk-039551
- Stage
- tender · Open
- Source
- Find a Tender
- Buyer ref
- 000284-2023
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
Who wins this kind of work
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