Official UK procurement notice
Banking Services · UK public procurement notice
Authority: London Borough of Barnet (Local council)
What is being bought
Published requirement descriptionLondon Borough of Barnet requires a comprehensive money transmission banking service involving maintenance of numerous bank accounts(including accounts for schools), handling of paper, BACS/Faster Payment and CHAPS clearing, cash processing and other activities associated with local authority banking business. Credit facilities (i.e. overdraft facility, BACS limits, settlement risk limits) will also be required. The Council will require an internet banking service for balance/transaction reporting and payment initiation.
The Council require a five year contract with extension option of 2 years.
CPV: Banking services
The lotProcurement structure
single lot · no lot value publishedLot #1London Borough of Barnet requires a comprehensive money transmission banking service…Renewal
London Borough of Barnet requires a comprehensive money transmission banking service involving maintenance of numerous bank accounts(including accounts for schools) , handling of paper, BACS/Faster Payment and CHAPS clearing, cash processing and other activities associated with local authority banking business. Credit facilities (i.e. overdraft facility, BACS limits, settlement risk limits) will also be required. The Council will require an internet banking service for balance/transaction reporting and payment initiation.
The Council require a 5 year contract plus 2 year extension option. Additional information: Tender documents are accessible from LBB's procurement portal www.barnetsourcing.co.uk ↗ under current opportunities. Please register and this will enable access to tender documents
Should you experience technical difficulties with the portal please contact [email protected] explaining these and that they relate to this opportunity
What it takes to wini
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 morei
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).
Published sub-criteria (5)
- Relationship Management: 15%
- Service Delivery and Query Resolution: 15%
- Implementation: 15%
- price: 45%
- Social Value: 10%
Published award criteria (5)
- Relationship Management: 15
- Service Delivery and Query Resolution: 15
- Implementation: 15
- Social Value: 10
- Price: 45
- Suitability
- tenderers must be authorised to act and operate as a bank in the UK and provide access to UK clearing systems. Evidence of registration with relevant authorities will be required:
— tenderers must be authorised or recognised by the Prudential Regulation Authority (PRA) to act as a bank in the UK;
- Price carries 45 of 100 points: a 10% discount moves about 4.5 points. Quality carries 45 of 100: the paper moves it further than 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
- Closed
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 15 Oct 2021, 12:15 BST
- Last source update
- 15 Oct 2021, 12:15 BST
- Award evaluation window
- 15 Nov 2021 – …
- Authority reference
702386- FTS notice number
2021/S 000-025827- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-02ec50Find a Tender
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
- Performance terms
See tender documentation for further details:
- tenderers must be authorised to act and operate as a bank in the UK. Evidence of registration with relevant
authorities will be required:
— tenderers must be authorised or recognised by the Prudential Regulation Authority (PRA) to act as a bank in
the UK and provide access to UK clearing systems;
Publisher note: To access tender documents please visit www.barnetsourcing.co.uk current opportunities and follow on screen prompts Should you experience technical difficulties with the portal please contact [email protected] explaining these and that they relate to this opportunity (MT Ref:224121)
How it was run
Official notice- Submission deadline
- 15 Nov 2021, 12:00 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bid validity
- 180 days from the deadline
- Bids opened
- 15 Nov 2021, 15:00 GMT
Timeline
15 Oct 2021 → 15 Nov 2021 · 3 dates- Notice published15 Oct 2021, 12:15 BST
- Submission deadline15 Nov 2021, 12:00 GMT
- Bids opened15 Nov 2021, 15:00 GMT
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Public Procurement Review ServiceReview body
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria