Scope
Description
Translink is seeking to appoint a supplier to deliver comprehensive cash processing and
corporate banking services that will enable Translink to efficiently manage its financial
operations, cashflow requirements and investment activities. This opportunity comprises
of 2 lots; Lot 1: Corporate Banking Services and Lot 2: Cash Processing Services.
Lot 1. Corporate Banking Services
Description
A comprehensive suite of corporate banking services to support Translink's financial operations as a large public sector organisation.
Lot 2. Cash Processing Services
Description
Provision of secure banking and processing of daily cash takings collected by Translink's appointed Cash-in-Transit (CIT) provider.
Contract 1. Corporate Banking Services
Lots
Lot 1. Corporate Banking Services
Supplier
Contract value
- £258,000 including VAT
Below the relevant threshold
Award decision date
10 December 2025
Date assessment summaries were sent to tenderers
10 December 2025
Earliest date the contract will be signed
22 December 2025
Contract dates (estimated)
- 3 June 2026 to 2 June 2030
- Possible extension to 2 June 2034
- 8 years
Description of possible extension:
The contract will be for an initial contract term of 4 years from 3rd June 2026 until 2nd
June 2030 with 2 options to extend, each option being period of 2 years; a potential
maximum contract term of 8 years until 2nd June 2034.
Main procurement category
Services
CPV classifications
- 66000000 - Financial and insurance services
- 66100000 - Banking and investment services
- 66110000 - Banking services
- 66112000 - Deposit services
Contract 2. Cash Processing Services
Lots
Lot 2. Cash Processing Services
Supplier
Contract value
- £702,000 including VAT
Above the relevant threshold
Award decision date
10 December 2025
Date assessment summaries were sent to tenderers
10 December 2025
Standstill period
- End: 19 December 2025
- 8 working days
Earliest date the contract will be signed
22 December 2025
Contract dates (estimated)
- 3 June 2026 to 2 June 2030
- Possible extension to 2 June 2034
- 8 years
Description of possible extension:
The contract will be for an initial contract term of 4 years from 3rd June 2026 until 2nd
June 2030 with 2 options to extend, each option being period of 2 years; a potential
maximum contract term of 8 years until 2nd June 2034.
Main procurement category
Services
CPV classifications
- 66000000 - Financial and insurance services
- 66100000 - Banking and investment services
- 66110000 - Banking services
- 66112000 - Deposit services
Information about tenders
Lot 1. Corporate Banking Services
- 1 tender received
- 1 tender assessed in the final stage:
- 0 submitted by small and medium-sized enterprises (SME)
- 0 submitted by voluntary, community and social enterprises (VCSE)
- 1 supplier awarded contracts
- 0 suppliers unsuccessful (details included for contracts over £5 million)
Lot 2. Cash Processing Services
- 1 tender received
- 1 tender assessed in the final stage:
- 0 submitted by small and medium-sized enterprises (SME)
- 0 submitted by voluntary, community and social enterprises (VCSE)
- 1 supplier awarded contracts
- 0 suppliers unsuccessful (details included for contracts over £5 million)
Procedure
Procedure type
Open procedure
Special regime
Utilities
Suppliers
Bank of Ireland UK plc
- Public Procurement Organisation Number: PXGZ-4839-CHTQ
45 Gresham Street
London,
EC2V 7EH
United Kingdom
Email: Adrian.Carville@boi.com
Region: UKI31 - Camden and City of London
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 2. Cash Processing Services
Barclays Bank Plc
- Companies House: 00048839
1 Churchill Place
London
E14 5HP
United Kingdom
Email: joanna.mcardle@barclays.com
Region: UKI42 - Tower Hamlets
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Contract 1. Corporate Banking Services
Contracting authority
Translink
- Public Procurement Organisation Number: PTMT-7134-NRMV
22 Great Victoria Street
Belfast
BT2 7LX
United Kingdom
Email: procurement@translink.co.uK
Region: UKN06 - Belfast
Organisation type: Public undertaking (commercial organisation subject to public authority oversight)
Devolved regulations that apply: Northern Ireland