Find a TenderAwarded
Published 26 Apr 2023, 16:05 BST

Official UK procurement notice

5425 - Banking Services · UK public procurement notice

Official notice

Authority: London Borough of Bexley (Local council)·Consortium: 2 public authorities

ServicesRestricted procedure
Published estimate£450,000≈ £45k / year
Submissions closed 1 Jun 2023awarded 29 Sept 2023
Awarded to National Westminster Bank PLC
Contract term 10 yrsends 31 Mar 2034 · extension options published · starts 1 Apr 2024

What is being bought

Published requirement description

Banking Services

CPV: Banking services

The lotProcurement structure

single lot · value published
Lot #1AwardedRenewal 10 yrsPublished value£450,000
Contract period: 1 Apr 2024 – 31 Mar 2034 (10 yrs)
Delivery: London · Outer London – South
Extensions: Contract includes a potential 3 year extension. If the extension is used reprocurement will commence in 2032Variant bids: not allowed

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: 40%Price: 60%
Published sub-criteria (2)
  • Non Commercial Quality: 40%
  • price: 60%
Published award criteria (2)
  • Non Commercial Quality: 40
  • Price: 60
What this means for your bid
  • 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 · publisher note attached
Procedure method
Restricted 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
26 Apr 2023, 16:05 BST
Last source update
18 Oct 2023, 10:35 BST
Award evaluation window
2 Jun 2023 – …
Authority reference
DN667291
FTS notice number
2023/S 000-030702
Classification (CPV)
Banking services
Delivery area
London (UKI)
Official registry OCID
ocds-h6vhtk-03c479 Find a Tender

Publisher note: To view this notice, please click here: <a href="https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=775587837" target="_blank">https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=775587837</a> GO Reference: GO-2023426-PRO-22631825

How it was run

Official notice
Run through: Proactis / ProContract · Who buys & how to bid on ProContract
Language: EN

Tender documents are also served through a separate tool: https://procontractdue-north.com/Login ↗

Submission deadline
1 Jun 2023, 12:00 BST
Submission channel
{"electronicSubmission","written"}
Accepted languages
en
Participation fee
document
Bids opened
2 Jun 2023, 12:00 BST
Detailed submission instructions & authority contactsFrom official release

Timeline

1 Jun 2023 → 1 Apr 2024 · 4 dates
  1. Submission deadline
    1 Jun 2023, 12:00 BST
  2. Bids opened
    2 Jun 2023, 12:00 BST
  3. Notice published
    18 Oct 2023, 10:35 BST
  4. Contract starts
    1 Apr 2024, 00:00 BST

Notice history

3 events · 2 releases on Find a Tender · since 18 Oct 2023
  1. Status changed to complete
    18 Oct 2023, 10:35 BST
  2. Procurement method changed
    18 Oct 2023, 10:35 BST
  3. Buyer details updated
    18 Oct 2023, 10:35 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Bids received 3
Contracts signed 1latest 29 Sept 2023
Awarded toValueDateStatus
National Westminster Bank PLC——Awarded

Contracts

Bid statistics published by the authority

LotBidsSMEVCSEValid bid range
Banking Services3bids——£350,000 – £450,000
Whole notice———£350,000 – £450,000

Contracting authority & participating public bodies

2 public bodies on the notice

London Borough Of Bexley

Contracting authorityLocal CouncilRegional or local authorityGeneral public services LONDON BOROUGH OF BEXLEY, CIVIC OFFICES, WATLING STREET, BEXLEYHEATH, London, DA6 7ATContact name, email, phone Published organisation website ↗

Bidders & participating suppliers

1 commercial party on the notice

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.