Find a TenderAwarded
Published 10 Feb 2022, 15:56 GMT

Official UK procurement notice

Banking Services Contract · UK public procurement notice

Official notice

Authority: Wirral Borough Council (Local council)

ServicesOpen procedure
Awarded value£300,000published contract · exc. VAT
Submissions closed 14 Mar 2022awarded 19 May 2022
Awarded to Lloyds Bank Plc

What is being bought

Published requirement description

Provision of banking services to Wirral Council and Merseyside Pension Fund. This includes receipts and drawings account and other sub (petty cash imprest) accounts for relevant establishments. Note costs will be split between Wirral MBC and MPF. Circa 2/3rds WBC 1/3 MPF based upon service volumes. 5 year contract with 5 annual extension options.

CPV: Banking and investment services

The lotProcurement structure

single lot · no lot value published
Lot #1AwardedRenewal
Delivery: North West
Extensions: The contract is initially for a period of 5 years with the option to extend for up to further 5 years to be renewed and reviewed on an annual basisVariant 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: 45%Price: 50%Social value: 5%
Published sub-criteria (4)
  • Quality: 35%
  • Financial Report: 10%
  • price: 50%
  • Social Value: 5%
Published award criteria (4)
  • Quality: 35
  • Social Value: 5
  • Financial Report: 10
  • Price: 50
What this means for your bid
  • Price carries 50 of 100 points: a 10% discount moves about 5 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
No (one-off requirement)
First published
10 Feb 2022, 15:56 GMT
Last source update
30 Aug 2022, 09:49 BST
Award evaluation window
14 Mar 2022 – …
Authority reference
DN591385
FTS notice number
2022/S 000-024105
Classification (CPV)
Banking and investment services
Delivery area
North West (UKD74)
Official registry OCID
ocds-h6vhtk-0315d5 Find a Tender

How it was run

Official notice
Run through: ProContract (Due North) · Who buys & how to bid on ProContract
Supplier login requiredLanguage: EN
Access & registration note: Free · short registration with manual review; public opportunity list
Submission deadline
14 Mar 2022, 12:00 GMT
Submission channel
{"electronicSubmission"}
Accepted languages
en
Bids opened
14 Mar 2022, 12:00 GMT
Detailed submission instructions & authority contactsFrom official release

Timeline

14 Mar 2022 → 30 Aug 2022 · 3 dates
  1. Submission deadline
    14 Mar 2022, 12:00 GMT
  2. Bids opened
    14 Mar 2022, 12:00 GMT
  3. Notice published
    30 Aug 2022, 09:49 BST

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    30 Aug 2022, 09:49 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £300,0001 contract exc. VAT
Bids received 2
Contracts signed 1latest 19 May 2022
Awarded toValueDateStatus
Lloyds Bank Plc£300,000 †—Awarded

Contracts

  • Banking Services Contract · Lloyds Bank Plc

    Signed
    19 May 2022
    Value
    £300,000
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
2bids———

Contracting authority & participating public bodies

Wirral Borough Council

Contracting authorityLocal CouncilRegional or local authorityGeneral public services Wallasey Town Hall, Brighton Street, Wallasey, Brighton Street, Wallasey, North West, CH44 8EDContact email, phone Published organisation website ↗

Dispute resolution & review bodies

  • Royal Courts of JusticeMediation bodyReview body London

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.