Section one: Contracting authority
one.1) Name and addresses
Metropolitan Police Service
Kilburn Police Station
LONDON
NW66LT
Contact
Hannah Lloyd
Telephone
+44 7886566254
Country
United Kingdom
NUTS code
UKI - London
Internet address(es)
Main address
one.3) Communication
Access to the procurement documents is restricted. Further information can be obtained at
https://supplier.coupahost.com/quotes/public_events?customer=metpolice
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
https://supplier.coupahost.com/quotes/public_events?customer=metpolice
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Public order and safety
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Banking Services
Reference number
CONTRACT REF: SS3/20/174
two.1.2) Main CPV code
- 66100000 - Banking and investment services
two.1.3) Type of contract
Services
two.1.4) Short description
Overview and Scope of the Requirement
The Authority as the contracting authority is tendering for the supply of Services to the MPS. The MPS/Authority is seeking through this tendering process to award a contract with a suitably capable Bidder to provide these services for an initial term of 60 months and a unilateral option of the MPS/Authority to extend for further periods of 24 months up to a maximum of 84 months for the total contract period.
BANK ACCOUNTS
MOPAC/MPS will require two main bank accounts:
Fund Main Supply Account
Fund Drawing Account
In addition to the main accounts approximately 80 bank accounts will be required by divisions and operational departments. Most of these accounts are operated on an imprest basis and are funded periodically.
Bank accounts are also maintained for holding significant balances on behalf of third parties (further detail in the Requirements Specification)
Bidders must be capable of opening/operating any reasonable number of bank accounts on behalf of MOPAC/MPS and be capable of closing accounts/opening new bank accounts within 48 hours of receiving the appropriate instruction.
Accounts must be open for the first day of the contract (currently 1st March 2022) and all necessary ancillary functions (ability to make deposits, withdrawals, intra account transfers and enquiries be in place).
BANK ACCOUNT STRUCTURE
The majority of bank accounts are currently pooled within a single group structure. A number of bank accounts are outside of the pooling arrangements as they hold non MOPAC/MPS balances (e.g. third party bank accounts).
Bidders must be capable of pooling any number of bank accounts into more than one pooling group if required and be capable of establishing automatic transfers/sweeps between nominated bank accounts.
THIRD PARTY FUNDS
MOPAC/MPS manages significant balances that have been confiscated under the Proceeds of Crime Act (POCA), held under other legislation deposited in the De-tained Monies Account (DMA), held under other legislation deposited in the Account Freezing Orders (AFO) account, held under other legislation deposited in the Anti-Terrorism Crime and Security Act (ATCSA) and other third party monies processed by police through the Divisional Account. The current bank provides a virtual ac-count service that facilitates the management of these funds.
two.1.5) Estimated total value
Value excluding VAT: £2,450,000
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.2) Additional CPV code(s)
- 66000000 - Financial and insurance services
two.2.3) Place of performance
NUTS codes
- UKI - London
Main site or place of performance
Metropolitan Police District (Greater London)
two.2.4) Description of the procurement
The Authority is managing this tender via an open tender process to source the most suitable banking service. It is envisaged the contract will be let on a 5+2 year basis. For further details, please read through the requirements specification and ITT documents Via Coupa: https://supplier.coupahost.com/quotes/public_events?customer=metpolice
You can register your interest and participate in the tender process via the Coupa Portal.
If you experience any issues with access and the service desk are unable to assist you, then place e-mail Hannah.lloyd@met.police.uk
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: £2,450,000
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Start date
1 March 2022
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2.14) Additional information
If you experience any issues with access and the service desk are unable to assist you, then place e-mail Hannah.lloyd@met.police.uk
Section three. Legal, economic, financial and technical information
three.1) Conditions for participation
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
three.2) Conditions related to the contract
three.2.2) Contract performance conditions
All performance related conditions are part of the suite of documents accessible on the Coupa portal.
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
11 June 2021
Local time
1:00pm
four.2.4) Languages in which tenders or requests to participate may be submitted
English
four.2.6) Minimum time frame during which the tenderer must maintain the tender
Tender must be valid until: 16 December 2021
four.2.7) Conditions for opening of tenders
Date
11 June 2021
Local time
2:00pm
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: Yes
six.4) Procedures for review
six.4.1) Review body
MOPAC
London
Telephone
+44 7886566254
Country
United Kingdom