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Tenfell
Closed tender
Published 22 Jul 2020

Banking Services

London Borough of Lambeth · London

Key facts

Closing date
21 Aug 2020
Contract starts
31 Mar 2021
Contract ends
31 Mar 2026
Procedure
Restricted procedure
Buyer type
Local government

Description

The Council requires a bank to provide a corporate banking service to manage the £2.2 billion funds that it receives and the estimated £1.2 billion that it pays out on an annual basis. The service must be capable of meeting the requirements of all divisional directorates across the Council, including a number of Lambeth schools. The service must be capable of safeguarding the Council's financial assets, deliver ethical banking, whilst delivering value for money.

The Council seeks to award a Banking Services Contract to commence on the 1 April 2021 for an anticipated term of 5 years to 31 March 2026 with the option to extend a further 2 years up to 31 March 2028.

Categories (CPV)

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