Official UK procurement notice
Procurement of Banking Services
Authority: Milton Keynes Council (Local council)
What is being bought
Published requirement descriptionThe Council is seeking to appoint a banking service provider to deliver day-to-day banking services and transactional facilities. This contract will also extend to Local Education Authority (LEA) maintained schools within Milton Keynes, the Council’s subsidiary organisation Milton Keynes Development Partnership LLP, and any other subsidiaries that may be later established. The Council proposes to enter a contract for an initial period of 5 years with the successful tenderer (Service Provider) with an option to extend for a further 2 years. The anticipated contract commencement date is 01 April 2023. Should this tender result in the appointment of a new Service Provider then, to ensure a smooth onboarding transition, the commencement date may be deferred subject to mutual agreement but shall commence no later than 01 October 2023.
- Recurrence: 2029
CPV: Banking and investment services · Banking services
The lotProcurement structure
single lot · value publishedLot #1RenewalPublished value£490,000
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).
- Suitability
As stated in tender documents
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
- 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
- Yes · 2029
- First published
- 5 Jan 2023, 14:53 GMT
- Last source update
- 5 Jan 2023, 14:53 GMT
- Award evaluation window
- 6 Feb 2023 – …
- Authority reference
2022-063- FTS notice number
2023/S 000-000284- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-039551Find a Tender
- Performance terms
As stated in tender documents
How it was run
Official notice- Submission deadline
- 6 Feb 2023, 12:00 GMT
- Submission channel
- {"written"}
- Accepted languages
- en
- Bid validity
- 120 days from the deadline
- Bids opened
- 6 Feb 2023, 12:00 GMT
Timeline
5 Jan 2023 → 6 Feb 2023 · 3 dates- Notice published5 Jan 2023, 14:53 GMT
- Submission deadline6 Feb 2023, 12:00 GMT
- Bids opened6 Feb 2023, 12:00 GMT
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High Court Royal Court of JusticeReview body
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria