Section one: Contracting authority
one.1) Name and addresses
Wolverhampton City Council
Civic Centre, St Peters Square
Wolverhampton
WV1 1RL
Contact
Mrs Carol Wintle
Carol.wintle@wolverhampton.gov.uk
Telephone
+44 1902556556
Country
United Kingdom
NUTS code
UKG - West Midlands (England)
Internet address(es)
Main address
http://www.wolverhampton.gov.uk
Buyer's address
http://www.wolverhampton.gov.uk
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
http://www.wolverhamptontenders.com
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
http://www.wolverhamptontenders.com
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
CWC21109 Corporate Banking
Reference number
DN580666
two.1.2) Main CPV code
- 66000000 - Financial and insurance services
two.1.3) Type of contract
Services
two.1.4) Short description
The Council invites tenders for the provision of banking services including:
• 5 main accounts with facilities including but not limited to sweep/pooling and full bank file collection of all daily transactions for import into our back office finance system that meets our specification
• A group overdraft facility
• An intra day limit
• 47 imprest accounts for schools and council services
• cash (including loose cash) and cheque processing through our appointed cash in transit contractor to a cash/cheque processing centre
• Consolidated and bulk cash facilities
• Automated credit and debit facilities
• Branch facilities for cheque encashment and occasional paying in
• BACS bureau and SUN sponsorship and transaction processing
• internet banking services for balance/group balance, transaction reporting, payment initiation including immediate/CHAPS and Foreign payments by a 2 level approval process, bank account statement export to reconcile with the file import for our back office system
Additional Requirements:
• Bank accounts for 2 wholly owned companies, YOO Recruit and WV Living
• 2 bank accounts with third party administration assigned to the West Midlands Pension Fund
• A payment of council bills solution by customer online banking settled by faster payment via integration with our own web payment platform, hosted through its own unique (additional) bank account with a full import of transactions in the bank file mentioned at 1.1 this account would also need to sweep to the main current account.
• a virtual account with approximately 500 sub accounts for the saving for our young people in care until the age of 18
• a main header account with 75 sub accounts for customers who we have been awarded Court of Protection
two.1.5) Estimated total value
Value excluding VAT: £350,000
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.3) Place of performance
NUTS codes
- UKG - West Midlands (England)
two.2.4) Description of the procurement
The Council invites tenders for the provision of banking services including:
• 5 main accounts with facilities including but not limited to sweep/pooling and full bank file collection of all daily transactions for import into our back office finance system that meets our specification
• A group overdraft facility
• An intra day limit
• 47 imprest accounts for schools and council services
• cash (including loose cash) and cheque processing through our appointed cash in transit contractor to a cash/cheque processing centre
• Consolidated and bulk cash facilities
• Automated credit and debit facilities
• Branch facilities for cheque encashment and occasional paying in
• BACS bureau and SUN sponsorship and transaction processing
• internet banking services for balance/group balance, transaction reporting, payment initiation including immediate/CHAPS and Foreign payments by a 2 level approval process, bank account statement export to reconcile with the file import for our back office system
Additional Requirements:
• Bank accounts for 2 wholly owned companies, YOO Recruit and WV Living
• 2 bank accounts with third party administration assigned to the West Midlands Pension Fund
• A payment of council bills solution by customer online banking settled by faster payment via integration with our own web payment platform, hosted through its own unique (additional) bank account with a full import of transactions in the bank file mentioned at 1.1 this account would also need to sweep to the main current account.
• a virtual account with approximately 500 sub accounts for the saving for our young people in care until the age of 18
• a main header account with 75 sub accounts for customers who we have been awarded Court of Protection
two.2.5) Award criteria
Quality criterion - Name: Quality including Social Value / Weighting: 55
Price - Weighting: 45
two.2.6) Estimated value
Value excluding VAT: £350,000
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
84
This contract is subject to renewal
Yes
Description of renewals
To be reviewed at the end of the initial term of 60 months
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: 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
Tenderers must be authorised to act as a bank in the UK. (The Council may seek documentary evidence of appropriate FCA (or equivalent) registration during the selection /evaluation process). Please confirm that appropriate FCA registration is held.
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.2.1) Information about a particular profession
Execution of the service is reserved to a particular profession
Reference to the relevant law, regulation or administrative provision
Tenderers must be authorised to act as a bank in the UK. (The Council may seek documentary evidence of appropriate FCA (or equivalent) registration during the selection /evaluation process). Please confirm that appropriate FCA registration is held.
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: No
four.2) Administrative information
four.2.2) Time limit for receipt of tenders or requests to participate
Date
10 December 2021
Local time
12:00pm
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
Duration in months: 4 (from the date stated for receipt of tender)
four.2.7) Conditions for opening of tenders
Date
10 December 2021
Local time
12:00pm
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: Yes
Estimated timing for further notices to be published: New procurement will begin on the expiration of this contract
six.4) Procedures for review
six.4.1) Review body
Director of Governance
Wolverhampton
Country
United Kingdom