Section one: Contracting authority
one.1) Name and addresses
Islington Council
London
N1 2UD
Country
United Kingdom
Region code
UKI - London
Internet address(es)
Main address
Buyer's address
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
https://procontract.due-north.com/Advert/Index?advertId=8ebbfe5c-0696-ef11-8132-005056b64545
Additional information can be obtained from the above-mentioned address
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
PIN - Banking Services
Reference number
DN749661
two.1.2) Main CPV code
- 66110000 - Banking services
two.1.3) Type of contract
Services
two.1.4) Short description
The Council is seeking to appoint an FCA regulated organisation to provide quality banking services in support of its existing cash management activities. The contract will encapsulate the provision of all business main account services, including facilitating BACS and CHAPS payments.
Potential providers would be required to meet the Council’s minimum short term credit rating as per the Council’s treasury management strategy (currently A+ and F1). It must also be an international clearing bank domiciled in the UK or with a UK subsidiary.
The Council is seeking to generate additional process efficiencies, reduce risks, enhance scrutiny controls by embracing automation, and by working closely with the successful provider to implement innovative banking service solutions.
This is not an invitation to tender, nor does it preclude or favour eligibility to participate in the formal procurement once it starts. It is a process solely to test the current market capacity, to scope the services, and inform the procurement process.
Details in this PIN are subject to being updated or changed in the final tender notice.
The Council reserves the right to cancel, postpone, suspend or abort this procurement at any stage. The issue of this PIN in no way commits the Council to commence the procurement process or contract.
Any future tender notice will be published on the e-tendering system used by Islington Council, the London Tenders Portal (Pro Contract). We would advise you to register on the e-tendering system now in order that you receive an email alert when and if a tender notice is published.
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.2) Additional CPV code(s)
- 66110000 - Banking services
two.2.3) Place of performance
NUTS codes
- UKI - London
two.2.4) Description of the procurement
This is a Prior Information Notice (PIN) for information only. It is not a formal invitation to tender. In the event of a publicly advertised tender being required, you will need to respond to the tender notice to be considered for this contract. The purpose of this PIN is to maximise transparency, act as a soft market test to understand numbers of potential bidders and increase competition for any potential upcoming tender notice, if it is to go ahead. All details in this PIN are subject to being updated or changed in the final tender notice, if required.
If you are interested in any future procurement relating to this PIN, then please express your interest to this PIN via The London Tenders Portal.
two.3) Estimated date of publication of contract notice
1 March 2025
Section four. Procedure
four.1) Description
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: No