Official UK procurement notice
P-3254 Corporate Banking and Cash Handling Services
Authority: Translink (Public body)
What is being bought2 lots · detail below
Published requirement descriptionTranslink is seeking to appoint a supplier to deliver comprehensive cash processing and
corporate banking services that will enable Translink to efficiently manage its financial
operations, cashflow requirements and investment activities. This opportunity comprises
of 2 lots; Lot 1: Corporate Banking Services and Lot 2: Cash Processing Services
CPV: Banking and investment services · Banking services · Deposit services · Financial and insurance services
Lots and requirements (2)Procurement structure
2 lots · all with a published value (£960,000 together) · same evaluation weights on every lotLot #1Corporate Banking ServicesAwardedRenewalPublished value£258,000
A comprehensive suite of corporate banking services to support Translink's financial operations as a large public sector organisation.
Lot #2Cash Processing ServicesAwardedRenewalPublished value£702,000
Provision of secure banking and processing of daily cash takings collected by Translink’s appointed Cash-in-Transit (CIT) provider.
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 (2)
- Technical: 60%
- Commercial: 40%
Published award criteria (2)
- Technical: Evaluation Criteria as detailed in the Tender Documents.
- Commercial: Financial Criteria as detailed in the Tender Documents.
- Price carries 40 of 100 points: a 10% discount moves about 4 points. The method statement decides this lot, not the discount.
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
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Above threshold (FTS publication)
- Regulatory regime
- Utilities
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Unspecified in notice
- First published
- 26 May 2025, 11:39 BST
- Last source update
- 30 Mar 2026, 09:24 BST
- Award evaluation window
- Submission end – 16 Dec 2025
- FTS notice number
2025/S 000-064571- Latest notice
- Contract details notice (UK7)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-05263cFind a Tender
How it was run
Official notice- Submission deadline
- 11 Nov 2025, 23:59 GMT
- Submission channel
- Official e-sourcing portal
- Electronic submission
- Allowed
- Accepted languages
- en
Timeline
26 May 2025 → 3 Jun 2026 · 9 dates- Planning notice published26 May 2025, 11:39 BST
- Market engagement23 Jun 2025, 23:59 BST
This is a Pre-Market Engagement exercise (PME) that seeks input from the market to inform the upcoming re-tender of Translink’s Corporate Banking and Cash Handling Services.
Translink are seeking to invite suitable suppliers in this sector to respond to a questionnaire via eTenders NI. Following assessment of the responses received, Translink may invite suppliers to attend a short Teams session to further discuss their responses.
Questionnaires must be submitted via the messaging portal for the relevant CfT on eTendersNI by no later than 12:00 on 23rd June 2025.
- Tender notice published368 days ago13 Oct 2025, 09:40 BST
- Submission deadline338 days ago11 Nov 2025, 23:59 GMT
- Assessment summaries sent310 days ago10 Dec 2025
- Award decision expected by303 days ago16 Dec 2025, 23:59 GMT
- Standstill ends300 days ago19 Dec 2025, 23:59 GMT
- Latest notice published200 days ago30 Mar 2026, 09:24 BST
- Contract starts136 days ago3 Jun 2026, 00:00 BST
Notice history
10 events · 4 releases on Find a Tender · since 26 May 2025- Preliminary market engagement notice published26 May 2025, 11:39 BSTUK2
- Tender notice published13 Oct 2025, 09:40 BSTUK4
- Published value updated13 Oct 2025, 09:40 BST
- Status changed to active13 Oct 2025, 09:40 BST
- Procurement method changed13 Oct 2025, 09:40 BST
- Deadline published: 11 Nov 2025, 23:59 GMT13 Oct 2025, 09:40 BST
- Contract award notice published10 Dec 2025, 10:37 GMTUK6
- Status changed to complete10 Dec 2025, 10:37 GMT
- Contract signature expected22 Dec 2025, 23:59 GMTscheduled
- Contract details notice published30 Mar 2026, 09:24 BSTUK7
Routine re-releases (4)
- 2025-05: 1 release · 26 May 2025
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Lot 1 · Corporate Banking Services1 award | |||
| Barclays3 Jun 2026 – 2 Jun 2030 · up to 2 Jun 2034Extensions: The contract will be for an initial contract term of 4 years from 3rd June 2026 until 2nd June 2030 with 2 options to extend, each option being period of 2 years; a potential maximum contract term of 8 years until 2nd June 2034. | £258,000 inc. VAT | 10 Dec 2025 | Awarded |
| Lot 2 · Cash Processing Services1 award | |||
| BANK OF IRELAND UK PLC3 Jun 2026 – 2 Jun 2030 · up to 2 Jun 2034Extensions: The contract will be for an initial contract term of 4 years from 3rd June 2026 until 2nd June 2030 with 2 options to extend, each option being period of 2 years; a potential maximum contract term of 8 years until 2nd June 2034. | £702,000 inc. VAT | 10 Dec 2025 | Awarded |
Contracts
Corporate Banking Services · Barclays
- Signed
- 22 Dec 2025
- Value
- £2,580,000 inc. VAT
- Period
- 3 Jun 2026 – 2 Jun 2030 · up to 2 Jun 2034 with extensions
- Status
- active
- Extensions
- The contract will be for an initial contract term of 4 years from 3rd June 2026 until 2nd June 2030 with 2 options to extend, each option being period of 2 years; a potential maximum contract term of 8 years until 2nd June 2034
No agreed KPIs: Value below the required threshold.
Cash Processing Services · BANK OF IRELAND UK PLC
- Signed
- 22 Dec 2025
- Value
- £702,000 inc. VAT
- Period
- 3 Jun 2026 – 2 Jun 2030 · up to 2 Jun 2034 with extensions
- Status
- active
- Extensions
- The contract will be for an initial contract term of 4 years from 3rd June 2026 until 2nd June 2030 with 2 options to extend, each option being period of 2 years; a potential maximum contract term of 8 years until 2nd June 2034.
No agreed KPIs: Value below required threshold.
Bid statistics published by the authority
| Lot | Bids | SME | VCSE | Valid bid range |
|---|---|---|---|---|
| 1 · Corporate Banking Services | 1final-stage tenders | 0 | 0 | — |
| 2 · Cash Processing Services | 1final-stage tenders | 0 | 0 | — |
Contracting authority & participating public bodies
Bidders & participating suppliers
2 commercial parties on the notice- Bank of Ireland UK plcAwarded supplier
- Barclays Bank PlcAwarded supplier
Official documents & specifications (6)
Official links; attachments are not copiedNotices published for this procedure
- Contract details notice Contract details notice on Find a Tender
- Contract details notice Contract details notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Tender notice Tender notice on Find a Tender
- Preliminary market engagement notice Preliminary market engagement notice on Find a Tender