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Tenfell
Closed tender
Published 17 Aug 2022

R5798 Banking Service

London Borough of Tower Hamlets · London

Key facts

Estimated value
£175,000
Closing date
19 Sep 2022
Contract starts
31 Mar 2023
Contract ends
31 Mar 2028
Procedure
Open procedure
Buyer type
Local government

Description

Banking services for London Borough of Tower Hamlets. To procure a cost effective banking contract which will include the operation of bank accounts, cash/cheque handling and automated payments and receipts (i.e. BACS, Faster Payments, CHAPS).   An internet banking service (for payment initiation and balance/transaction reporting) will also be required. In recent years bank have been increasing pricing for local authority contracts so it unlikely that direct cost savings will be secured.  However, the procurement process will allow the Council to review banking related processes and may present the opportunity to make internal efficiency savings.

To Tender:

a) Go to https://procontract.due-north.com/Opportunities b) Register, c) Search for tender opportunity "R5798 Banking Service", d) Express an interest,

You will be required to register on the portal to bid.

Categories (CPV)

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