← Back to search results

tenderUpdateFind a Tender · tender Update

Banking Services

Buyer: Norfolk County Council →

BuyerNorfolk County Council
StatustenderUpdate
DeadlineNot published
ValueValue not published
Published18 Sept 2024

What is being bought

Norfolk County Council on its own behalf and on behalf of Breckland, Broadland, North Norfolk and South Norfolk District Councils, Great Yarmouth, King's Lynn and West Norfolk Borough Councils and Norwich City Council and subsidiaries of the aforementioned authorities (together knowns as the Contracting Authorities) wishes to purchase banking services for themselves and with the other authorities listed, including their subsidiaries.While a single provider will be chosen for the provision of banking services, individual contracts will be required for each Contracting Authority participating. We are looking for an initial contract term of 5 years plus two extensions of 2 years up to a total term of 9 years.Full details of the requirement can be found in the Service Specification, which forms a Schedule to the Terms and Conditions.

Categories

Banking services 66110000

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 66. The category anchor is Banking services (66110000); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 662,7583 median · 17.2 average (1,185 of 2,758 with a bid count)2.5 average (1,317 of 2,758 with named award suppliers)Not published
Same buyer0Not publishedNot publishedNot published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byNot published
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Documents & submission route

No documents are published in the current source record.

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-049bc0
Latest release ID029786-2024
Latest release timestampWed Sep 18 2024 09:42:06 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statusNot published
Procurement methodNot published
Procurement method detailsNot published
Main procurement categoryservices
Above thresholdNot published
Legal basis32014L0024
Tender period: startNot published
Tender period: endNot published
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailsNot published
Submission languagesNot published
Electronic catalogue policyNot published
Total tender valueNot published
Tender lots in source0
Tender items in source0
Tender documents in source0
Awards in latest release0
Contracts in latest release0
Parties in latest release1

Notice history

DateEventReference
18 Sept 2024tenderUpdate029786-2024

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
{
  "id": "029786-2024",
  "tag": [
    "tenderUpdate"
  ],
  "date": "2024-09-18T10:42:06+01:00",
  "ocid": "ocds-h6vhtk-049bc0",
  "buyer": {
    "id": "GB-FTS-70243",
    "name": "Norfolk County Council"
  },
  "tender": {
    "id": "ocds-h6vhtk-049bc0",
    "title": "Banking Services",
    "amendments": [
      {
        "id": "1",
        "unstructuredChanges": [
          {
            "where": {
              "section": "IV2.2"
            },
            "newValue": {
              "date": "2024-09-30T14:00:00+01:00"
            },
            "oldValue": {
              "date": "2024-09-19T11:00:00+01:00"
            }
          }
        ]
      }
    ],
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "Norfolk County Council on its own behalf and on behalf of Breckland, Broadland, North Norfolk and South Norfolk District Councils, Great Yarmouth, King's Lynn and West Norfolk Borough Councils and Norwich City Council and subsidiaries of the aforementioned authorities (together knowns as the Contracting Authorities) wishes to purchase banking services for themselves and with the other authorities listed, including their subsidiaries.While a single provider will be chosen for the provision of banking services, individual contracts will be required for each Contracting Authority participating. We are looking for an initial contract term of 5 years plus two extensions of 2 years up to a total term of 9 years.Full details of the requirement can be found in the Service Specification, which forms a Schedule to the Terms and Conditions.",
    "classification": {
      "id": "66110000",
      "scheme": "CPV",
      "description": "Banking services"
    },
    "mainProcurementCategory": "services"
  },
  "parties": [
    {
      "id": "GB-FTS-70243",
      "name": "Norfolk County Council",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKH15",
        "locality": "Norwich",
        "postalCode": "NR1 2DH",
        "countryName": "United Kingdom",
        "streetAddress": "County Hall, Martineau lane"
      },
      "details": {
        "url": "http://www.norfolk.gov.uk",
        "buyerProfile": "https://in-tendhost.co.uk/norfolkcc/aspx/Home"
      },
      "identifier": {
        "legalName": "Norfolk County Council"
      },
      "contactPoint": {
        "email": "sourcingteam@norfolk.gov.uk"
      }
    }
  ],
  "language": "en",
  "initiationType": "tender"
}
Complete JSON history (1 releases)
18 Sept 2024 · 029786-2024 · tenderUpdate
{
  "id": "029786-2024",
  "tag": [
    "tenderUpdate"
  ],
  "date": "2024-09-18T10:42:06+01:00",
  "ocid": "ocds-h6vhtk-049bc0",
  "buyer": {
    "id": "GB-FTS-70243",
    "name": "Norfolk County Council"
  },
  "tender": {
    "id": "ocds-h6vhtk-049bc0",
    "title": "Banking Services",
    "amendments": [
      {
        "id": "1",
        "unstructuredChanges": [
          {
            "where": {
              "section": "IV2.2"
            },
            "newValue": {
              "date": "2024-09-30T14:00:00+01:00"
            },
            "oldValue": {
              "date": "2024-09-19T11:00:00+01:00"
            }
          }
        ]
      }
    ],
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "Norfolk County Council on its own behalf and on behalf of Breckland, Broadland, North Norfolk and South Norfolk District Councils, Great Yarmouth, King's Lynn and West Norfolk Borough Councils and Norwich City Council and subsidiaries of the aforementioned authorities (together knowns as the Contracting Authorities) wishes to purchase banking services for themselves and with the other authorities listed, including their subsidiaries.While a single provider will be chosen for the provision of banking services, individual contracts will be required for each Contracting Authority participating. We are looking for an initial contract term of 5 years plus two extensions of 2 years up to a total term of 9 years.Full details of the requirement can be found in the Service Specification, which forms a Schedule to the Terms and Conditions.",
    "classification": {
      "id": "66110000",
      "scheme": "CPV",
      "description": "Banking services"
    },
    "mainProcurementCategory": "services"
  },
  "parties": [
    {
      "id": "GB-FTS-70243",
      "name": "Norfolk County Council",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKH15",
        "locality": "Norwich",
        "postalCode": "NR1 2DH",
        "countryName": "United Kingdom",
        "streetAddress": "County Hall, Martineau lane"
      },
      "details": {
        "url": "http://www.norfolk.gov.uk",
        "buyerProfile": "https://in-tendhost.co.uk/norfolkcc/aspx/Home"
      },
      "identifier": {
        "legalName": "Norfolk County Council"
      },
      "contactPoint": {
        "email": "sourcingteam@norfolk.gov.uk"
      }
    }
  ],
  "language": "en",
  "initiationType": "tender"
}