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| Source: | Contracts Finder |
| Notice Type: | Award notice |
| Buyer: | London Borough of Southwark |
| Main Category: | Services |
| Procurement Method: | Other - |
| Tender Status: | Closed |
| Estimated Value (ex. VAT): | £640,000 |
Pipeline status
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Application Deadline
24 September 2025
Closed
Estimated Value
£640,000
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Book a free consultation →| Release Date: | 29 September 2025 |
| Application Deadline: | 24 September 2025 |
| Contract Start Date: | 30 September 2025 |
| Contract End Date: | 30 September 2030 |
| Contract Duration: | 5.1 years |
| Procurement ID (OCID): | ocds-b5fd17-101ca629-7d07-4f75-9e97-3f49eb2c7103 |
| Notice Reference: | 6fb8455b-4510-4f0b-95b5-0395ccba9211-865869 |
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Awarded to
| Award value: | £640,000 |
| Award decision date: | 23 September 2025 |
| Award status: | Active |
This contract is for banking services which will support the financial operations of the council via the continued provision of a main bank account, subsidiary collection and sweep accounts, and specified school accounts. It will also support the council's safeguarding role with the provision of court of protection bank accounts. The contract will deliver core transactional banking arrangements, providing bank account structures to be used for outgoing payments such as creditor cheques, CHAPS, BACS, direct debits, standing order payments, balance requests, and the access to ancillary services such as system files for receipting income. It is a call-off from General Banking Services Framework NEPO 0531.
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