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Published 6 May 2022, 16:39 BST

Official UK procurement notice

NEX21/72 Banking Services · UK public procurement notice

Official notice

Authority: Nexus

ServicesOpen procedure
Sectors: Financial and insurance services (66) Delivery: North East (UKC)
Budget not disclosedValue not published
Submissions closed 20 Jun 2022awarded 9 Aug 2022
Contract term 5 yrsends 1 Oct 2027 · starts 1 Oct 2022

What is being bought

Published requirement description

Tyne and Wear Passenger Transport Executive (trading as Nexus) are seeking competitive

tenders for the provision of Banking Services. It is anticipated that the contract will be for an

initial period of 3 years with an option to extend for up to a further 2 years at Nexus

discretion.

CPV: Financial and insurance services · Investment banking services and related services

The lotProcurement structure

single lot · no lot value published
Lot #1Awarded 5 yrs
Contract period: 1 Oct 2022 – 1 Oct 2027 (5 yrs)
Delivery: North East
Variant bids: not allowed
66120000 Investment banking services and related services

Procedure terms & legal framework

From the official record
Procedure method
Open procedure
Legal basis
CELEX · 32014L0025 Utilities Contracts Regulations 2016 (Directive 2014/25/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
6 May 2022, 16:39 BST
Last source update
23 Aug 2022, 15:02 BST
Award evaluation window
20 Jun 2022 – …
FTS notice number
2022/S 000-023494
Classification (CPV)
Financial and insurance servicesInvestment banking services and related services
Delivery area
North East (UKC)
Official registry OCID
ocds-h6vhtk-033519 Find a Tender

How it was run

Official notice
Run through: Proactis / ProContract · Who buys & how to bid on ProContract
Language: EN
Submission deadline
20 Jun 2022, 12:00 BST
Submission channel
{"electronicSubmission","written"}
Accepted languages
en
Bids opened
20 Jun 2022, 13:00 BST
Detailed submission instructions & authority contactsFrom official release

www.nepo.org ↗

Timeline

20 Jun 2022 → 1 Oct 2022 · 4 dates
  1. Submission deadline
    20 Jun 2022, 12:00 BST
  2. Bids opened
    20 Jun 2022, 13:00 BST
  3. Notice published
    23 Aug 2022, 15:02 BST
  4. Contract starts
    1 Oct 2022, 00:00 BST

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    23 Aug 2022, 15:02 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Contracts signed 1latest 9 Aug 2022

1 further award records carry no date or value.

Contracts

  • Contract 023494-2022-1 · supplier not published

    Signed
    9 Aug 2022
    Value
    —
    Period
    … – 1 Oct 2027
    Status
    active

Contracting authority & participating public bodies

Nexus

Contracting authorityUrban railway, tramway, trolleybus or bus services 33 St James' Blvd, Newcastle upon Tyne, North East, NE14AXContact name, email, phone Published organisation website ↗

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.