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Published 7 Dec 2021, 16:35 GMT

Official UK procurement notice

Banking Services · UK public procurement notice

Official notice

Authority: University of Reading (Education)

ServicesRestricted procedure
Sectors: Financial and insurance services (66) Delivery: South East (UKJ11)
Published estimate£675,000exc. VAT11.1% above published estimate
Submissions closed 13 Jan 2022awarded 18 Jul 2022
Awarded to Lloyds Bank Plc

What is being bought

Published requirement description

The University of Reading has a requirement for the provision of Corporate Banking services in relation to itself and its UK subsidiaries. The University requires a banking service which will include the provision and maintenance of up to 10 bank accounts and banking services associated with higher education banking arrangements, including an electronic banking platform for both domestic and international payment initiation and balance/transaction reporting.

CPV: Banking and investment services · Banking services

The lotProcurement structure

single lot · value published
Lot #1AwardedPublished value£675,000
Delivery: South East
Second stage: up to 5 candidates invited to tenderVariant bids: not allowed
66100000 Banking and investment services66110000 Banking services

What it takes to win
i

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 more
How bids were scored
  • Price
Conditions of participation1
  • Suitability

    See tender documents.

Procedure terms & legal framework

From the official record
Procedure method
Restricted procedure
Legal basis
CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/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
Yes (GPA)
Recurring procurement
No (one-off requirement)
First published
7 Dec 2021, 16:35 GMT
Last source update
20 Jul 2022, 13:33 BST
Authority reference
UOR/PRO/21/026
FTS notice number
2022/S 000-019767
Classification (CPV)
Banking and investment servicesBanking services
Delivery area
South East (UKJ11)
Official registry OCID
ocds-h6vhtk-02fe40 Find a Tender

How it was run

Official notice
Run through: In-tend · Who buys & how to bid on In-tend
Supplier login requiredLanguage: EN
Access & registration note: Free · one account per buying organisation's portal · reCAPTCHA on signup
Submission deadline
13 Jan 2022, 12:00 GMT
Submission channel
{"electronicSubmission","written"}
Accepted languages
en
Participation fee
document
Detailed submission instructions & authority contactsFrom official release

www.in-tendhost.co.uk/theuniversityofreading ↗

Timeline

13 Jan 2022 → 20 Jul 2022 · 3 dates
  1. Submission deadline
    13 Jan 2022, 12:00 GMT
  2. Invitations to tender expected
    3 Feb 2022
  3. Notice published
    20 Jul 2022, 13:33 BST

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    20 Jul 2022, 13:33 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £750,0001 contract exc. VAT
Bids received 4
Contracts signed 1latest 18 Jul 2022
Awarded toValueDateStatus
Lloyds Bank PlcUniversity of Reading Banking Services£750,000 †—Awarded

Contracts

  • University of Reading Banking Services · Lloyds Bank Plc

    Signed
    18 Jul 2022
    Value
    £750,000
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
4bids · 4 electronic · 4 from abroad0——

Contracting authority & participating public bodies

University of Reading

Contracting authorityEducationBody governed by public lawEducation Miller Building, Whiteknights, Reading, South East, RG6 6ABContact email, phone Published organisation website ↗

Bidders & participating suppliers

1 commercial party on the notice
  • Lloyds Bank PLCAwarded supplier00002065 25 Gresham Street, London, UK, EC2V 7HNContact email, phone

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

  • Economic and financial selection criteriatenderEconomic and financial selection criteria
  • Technical selection criteriatenderTechnical selection criteria