Closed
Provision of Banking and Merchant Card Services
Caerphilly County Borough Council · £910,000 · closes 22 Nov 2024
£910,000
Estimated value
Closed
Deadline
17 Oct 2024
Published
This tender has closed.
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About this contract
The Council is seeking to appoint a suitable Bank to provide the Provision of Banking Services and Merchant Card Services to the Council.
Key dates
Published17 Oct 2024
Submission deadline22 Nov 2024 Add to calendar ↓
Source
Source notice on Find a TenderView ↗
Lot — bid on it if it fits
This contract has one lot. Bid if it suits your firm.
The Council is seeking to appoint a suitable Bank provider for its Corporate Banking Services to include banking and merchant card services. The Council is seeking to award a single contract covering the full range of services as
clearly detailed within the ITT.
The contract is for a period of five years, with the option to extend for up to a further period of five years extended on an annual basis. The process will be a three stage process consisting of selection, evaluation and preferred bidder stage.
Stage One - Selection stage
This will consist of Pass/Fail questions. Providers will need to pass all questions to proceed to the award stage, Stage Two. Providers shall note that if they fail any of the Pass/Fail criteria with in the selection stage their bids will be excluded from any further part in the process.
Financial Rating
The minimum requirement acceptable to the Council during the tender process and throughout the term of the contract
shall be the investment grade rating of (short-term/ Long-term) F2 / BBB Fitch or equivalent.
The Council shall undertake periodic reviews of the successful providers rating during the term of the contract. If the successful provider falls below the F2 / BBB (Fitch or equivalent) during the term of the contract, the Council shall terminate the contract.
Stage Two – Evaluation stage
The award methodology will be based upon the Most Economical Advantageous Tender submission received utilising a
criteria of Cost and Quality with the following % attributed to each area:
Cost 40% weighting
Quality 60% Weighting, to include specification response, Demonstration / Presentation
The evaluation stage will consist of scored questions. Full details of the evaluation process are available within the ITT.
Stage Three – Preferred Bidder Stage
The Council will commence discussions on the banks Terms and Conditions and any other aspects including but not limited to technical and commercial aspects of the bid, terms and conditions and the length of the contract period which will not exceed ten (10) years.
Social Value is a non scored requirement for this tender but a mandatory requirement.
Full details are in the ITT Additional information: The contract period is for five years with the option to extend up to a further period of five years. The estimated value includes extension options£910,000
Who to contact
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