Section one: Contracting authority
one.1) Name and addresses
PORTSMOUTH CITY COUNCIL
City Council
Portsmouth
PO12BG
Contact
Procurement Service
procurement@portsmouthcc.gov.uk
Telephone
+44 2392688235
Country
United Kingdom
NUTS code
UKJ31 - Portsmouth
Internet address(es)
Main address
https://www.portsmouth.gov.uk/services/business/procurement/contract-opportunities-with-us/
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
https://in-tendhost.co.uk/portsmouthcc/aspx/home
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
https://in-tendhost.co.uk/portsmouthcc/aspx/home
one.4) Type of the contracting authority
Regional or local authority
one.5) Main activity
General public services
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Banking Services
two.1.2) Main CPV code
- 66110000 - Banking services
two.1.3) Type of contract
Services
two.1.4) Short description
Portsmouth City Council - the Council - is inviting tenders from suitably qualified financial institutions for the provision of corporate banking services.
Full specification is available via the link below:
https://in-tendhost.co.uk/portsmouthcc/aspx/home/
The Council will enter into contract with the successful bidder on the basis of a 5 year term extendable by a further 5 years in increments to be agreed subject to performance and agreement of both parties.
The Council will run the procurement process in accordance with the 'Open' procedure as set out within the Public Contracts Regulations (2015) in line with the following programme:
Invitation to Tender Pack made available: 10th January 2022
Deadline for requests for clarification: 11th February 2022 16:00
Tender return deadline: 18th February 2022 16:00
Deadline for return of Company Reference Questionnaires from client referees: 18th February 2022 16:00
Interviews - if required: W/C 7th March 2022
Standstill period: 11th March 2022 - 21st March 2022
Contract award & mobilisation: 22nd March 2022
Contract commencement: 2nd March 2023
The contract will commence on 2nd March 2023. The Council is aiming to award the contract by 22nd March 2022.
Application is via completed tender submission by the date above via the
Council's e-sourcing solution which will be used to administrate the procurement process
and is accessible free of charge via the link below:
https://in-tendhost.co.uk/portsmouthcc/aspx/home/
two.1.5) Estimated total value
Value excluding VAT: £277,000
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.2) Additional CPV code(s)
- 66111000 - Central bank services
- 66112000 - Deposit services
two.2.3) Place of performance
NUTS codes
- UKJ31 - Portsmouth
two.2.4) Description of the procurement
Portsmouth City Council - the Council - is inviting tenders from suitably qualified financial institutions for the provision of corporate banking services.
Full specification is available via the link below:
https://in-tendhost.co.uk/portsmouthcc/aspx/home/
The Council will enter into contract with the successful bidder on the basis of a 5 year term extendable by a further 5 years in increments to be agreed subject to performance and agreement of both parties.
The Council will run the procurement process in accordance with the 'Open' procedure as set out within the Public Contracts Regulations (2015) in line with the following programme:
Invitation to Tender Pack made available: 10th January 2022
Deadline for requests for clarification: 11th February 2022 16:00
Tender return deadline: 18th February 2022 16:00
Deadline for return of Company Reference Questionnaires from client referees: 18th February 2022 16:00
Interviews - if required: W/C 7th March 2022
Standstill period: 11th March 2022 - 21st March 2022
Contract award & mobilisation: 22nd March 2022
Contract commencement: 2nd March 2023
The contract will commence on 2nd March 2023. The Council is aiming to award the contract by 22nd March 2022.
Application is via completed tender submission by the date above via the
Council's e-sourcing solution which will be used to administrate the procurement process
and is accessible free of charge via the link below:
https://in-tendhost.co.uk/portsmouthcc/aspx/home/
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.6) Estimated value
Value excluding VAT: £277,000
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
60
This contract is subject to renewal
Yes
Description of renewals
The Council will enter into contract with the successful bidder on the basis of a 5 year term extendable by a further 5 years in increments to be agreed subject to performance and agreement of both parties.
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
Section three. Legal, economic, financial and technical information
three.1) Conditions for participation
three.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
List and brief description of conditions
Suppliers will be expected to meet the Council's minimum investment criteria. This means the bank should meet the following minimum credit ratings:
Short Term Rating
F1 (or equivalent) from Fitch, Moody's (P-2) or Standard and Poor (A-2)
Long Term Rating
BBB (triple B category) or equivalent from Fitch, Moody's or Standard & Poor
When an institution has differing ratings from different agencies, the lowest rating will be used to assess its suitability. Those institutions which have no ratings from a particular agency will not be discarded because of the lack of ratings.
three.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
three.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
four.2) Administrative information
four.2.2) Time limit for receipt of tenders or requests to participate
Date
18 February 2022
Local time
1:00pm
four.2.4) Languages in which tenders or requests to participate may be submitted
English
four.2.7) Conditions for opening of tenders
Date
18 February 2022
Local time
2:00pm
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: No
six.4) Procedures for review
six.4.1) Review body
The High Court of Justice
The Strand
London
WC2A 2LL
Telephone
+44 2079476000
Country
United Kingdom