Skip to main content

We've saved some files called cookies on your device. These cookies are:

  • essential for the site to work
  • to help improve our website by collecting and reporting information on how you use it

We would also like to save some cookies to help tailor communications.

BETA
You're viewing an updated version of this service - your feedback will help us to improve it.

Contract Notice

Framework Agreement for Banking Services

  • First published: 28 June 2024
  • Last modified: 28 June 2024
  • This file may not be fully accessible.

  •  

The buyer is not using this website to administer the notice.

To record your interest or obtain additional information or documents please find instructions within the Full Notice Text. (NOTE: Contract Award Notices and Prior Information Notices do not normally require a response)

You are viewing an expired notice.

Contents

Summary

OCID:
ocds-h6vhtk-047300
Published by:
Renfrewshire Council
Authority ID:
AA21061
Publication date:
28 June 2024
Deadline date:
29 July 2024
Notice type:
Contract Notice
Has documents:
No
Has SPD:
No
Has Carbon Reduction Plan:
N/A

Abstract

This is a contract notice for Framework Agreement for Banking Services. Renfrewshire Council (the Council) is seeking to appoint a single Service Provider for general banking services for the Council and associated bodies and Renfrewshire Leisure Limited trading as OneRen. The appointed Service Provider will be required to deliver of a comprehensive banking service, including but not limited to, the opening and closing of bank accounts, an internet banking service for balance/transaction reporting and payment initiation, provision of cheques and pay-in slips, credit facilities, BACS, CHAPS, faster Payments, international payments and paper clearing.

Full notice text

Contract notice

Section I: Contracting authority

I.1) Name and addresses

Renfrewshire Council

Renfrewshire House, Cotton Street

Paisley

PA1 1JB

UK

Contact person: Gillian Gordon

Telephone: +44 3003000300

E-mail: gillian.gordon@renfrewshire.gov.uk

NUTS: UKM83

Internet address(es)

Main address: http://www.renfrewshire.gov.uk

Address of the buyer profile: https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00400

I.1) Name and addresses

Renfrewshire Leisure Limited trading as OneRen

The Lagoon Centre, 11 Christine Street

Paisley

PA1 1NB

UK

Telephone: +44 1416187390

E-mail: carol.armstrong@renfrewshire.gov.uk

NUTS: UKM83

Internet address(es)

Main address: http://www.renfrewshireleisure.com

Address of the buyer profile: https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA23182

I.2) Joint procurement

The contract involves joint procurement

I.3) Communication

The procurement documents are available for unrestricted and full direct access, free of charge at:

https://www.publictenderscotland.publiccontractsscotland.gov.uk


Additional information can be obtained from the abovementioned address


Tenders or requests to participate must be sent electronically to:

https://www.publictenderscotland.publiccontractsscotland.gov.uk


I.4) Type of the contracting authority

Regional or local authority

I.5) Main activity

General public services

Section II: Object

II.1) Scope of the procurement

II.1.1) Title

Framework Agreement for Banking Services

Reference number: RC-CPU-23-151

II.1.2) Main CPV code

66110000

 

II.1.3) Type of contract

Services

II.1.4) Short description

This is a contract notice for Framework Agreement for Banking Services. Renfrewshire Council (the Council) is seeking to appoint a single Service Provider for general banking services for the Council and associated bodies and Renfrewshire Leisure Limited trading as OneRen. The appointed Service Provider will be required to deliver of a comprehensive banking service, including but not limited to, the opening and closing of bank accounts, an internet banking service for balance/transaction reporting and payment initiation, provision of cheques and pay-in slips, credit facilities, BACS, CHAPS, faster Payments, international payments and paper clearing.

II.1.5) Estimated total value

Value excluding VAT: 330 000.00  GBP

II.1.6) Information about lots

This contract is divided into lots: Yes

Tenders may be submitted for all lots

II.2) Description

Lot No: 1

II.2.1) Title

Renfrewshire Council General Banking Services and associated bodies

II.2.2) Additional CPV code(s)

66110000

II.2.3) Place of performance

NUTS code:

UKM83


Main site or place of performance:

Renfrewshire area

II.2.4) Description of the procurement

Renfrewshire Council will Call-Off on behalf of the following associated bodies under Lot 1.

Renfrewshire Valuation Joint Board.

Glasgow and the Clyde Valley Strategic Development Planning Authority

Scotland Excel

The appointed Service Provider will be required to deliver of a comprehensive banking service, including but not limited to, the opening and closing of bank accounts, an internet banking service for balance/transaction reporting and payment initiation, provision of cheques and pay-in slips, credit facilities, BACS, CHAPS, faster Payments, international payments and paper clearing.

The Council currently maintains 14 bank accounts and 16 imprest accounts. As part of a Call-Off Contract, the Council may require instant access call/deposit accounts as indicated in the list of accounts in the ITT, but this will depend on credit interest rates proposed for current account balances. Please note these account may be subject to change. The specification can be found in the Invitation to Tender document on Public Contract Scotland Tenders.

II.2.5) Award criteria

Criteria below:

Quality criterion: Relationship Management / Weighting: 9

Quality criterion: Cheque deposits / Weighting: 5

Quality criterion: Query resolution / Weighting: 10

Quality criterion: Implementation / Weighting: 5

Quality criterion: Cyber Security / Weighting: 5

Quality criterion: ICT / Weighting: 6

Quality criterion: Credit Interest (not scored – information only) / Weighting: 0

Quality criterion: Debit Interest (not scored - information Only) / Weighting: 0

Quality criterion: Fair Work First / Weighting: 5

Quality criterion: Sustainability (not scored - information Only) / Weighting: 0

Quality criterion: Community Benefits (voluntary) / Weighting: 0

Price / Weighting:  55

II.2.6) Estimated value

Value excluding VAT: 330 000.00  GBP

II.2.7) Duration of the contract, framework agreement or dynamic purchasing system

Duration in months: 48

This contract is subject to renewal: Yes

Description of renewals:

This Framework Agreement will be for 4 years. Any Call-Off Contracts will be up to an initial 5 years with the option to extend for up to a period of 2 years at the sole discretion of the Council.

II.2.9) Information about the limits on the number of candidates to be invited

II.2.10) Information about variants

Variants will be accepted: No

II.2.11) Information about options

Options: Yes

Description of options:

The Council reserve the right under Regulation 72(1)(b) of the Public Contracts Scotland Regulations 2015 to add or remove banking services relating to the requirements that would not be appropriate to source from another Service Provider.

II.2.12) Information about electronic catalogues

Tenders must be presented in the form of electronic catalogues or include an electronic catalogue

II.2.13) Information about European Union funds

The procurement is related to a project and/or programme financed by European Union funds: No

II.2.14) Additional information

Economic Operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Lot No: 2

II.2.1) Title

Renfrewshire Leisure Limited trading as OneRen General Banking Services

II.2.2) Additional CPV code(s)

66110000

II.2.3) Place of performance

NUTS code:

UKM83


Main site or place of performance:

Renfrewshire area

II.2.4) Description of the procurement

Renfrewshire Leisure Limited trading as Oneren (OneRen) will be entitled to award Call-Off Contracts under Lot 2.

The appointed Service Provider will be required to deliver of a comprehensive banking service, including but not limited to, the opening and closing of bank accounts, an internet banking service for balance/transaction reporting and payment initiation, provision of cheques and pay-in slips, credit facilities, BACS, CHAPS, faster Payments, international payments and paper clearing.

OneRen currently maintains 5 bank accounts and may require instant access call/deposit accounts as indicated in the list of accounts (in the ITT), but this will depend on credit interest rates proposed for current account balances. Please note these account may be subject to change. The specification can be found in the Invitation to Tender document on Public Contract Scotland Tenders.

II.2.5) Award criteria

Criteria below:

Quality criterion: Relationship Management / Weighting: 9

Quality criterion: Cheque deposits / Weighting: 5

Quality criterion: Query resolution / Weighting: 10

Quality criterion: Implementation / Weighting: 5

Quality criterion: Cyber Security / Weighting: 5

Quality criterion: ICT / Weighting: 6

Quality criterion: Credit Interest (not scored – information only) / Weighting: 0

Quality criterion: Debit Interest (not scored - information Only) / Weighting: 0

Quality criterion: Fair Work First / Weighting: 5

Quality criterion: Sustainability (not scored - information Only) / Weighting: 0

Quality criterion: Community Benefits (voluntary) / Weighting: 0

Price / Weighting:  55

II.2.7) Duration of the contract, framework agreement or dynamic purchasing system

Duration in months: 48

This contract is subject to renewal: Yes

Description of renewals:

The Framework Agreement is for 4 years. Any Call off contract period will be up to an initial 5 years with the option to extend for up to a further 2 years at the sole discretion of OneRen

II.2.9) Information about the limits on the number of candidates to be invited

II.2.10) Information about variants

Variants will be accepted: No

II.2.11) Information about options

Options: Yes

Description of options:

The Council and OneRen reserve the right under Regulation 72(1)(b) of the Public Contracts Scotland Regulations 2015 to add or remove banking services relating to the requirements that would not be appropriate to source from another Service Provider.

II.2.12) Information about electronic catalogues

Tenders must be presented in the form of electronic catalogues or include an electronic catalogue

II.2.13) Information about European Union funds

The procurement is related to a project and/or programme financed by European Union funds: No

II.2.14) Additional information

Economic Operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015. Please see the ITT in PCS-Tender project relevant to this procurement and the other Procurement Documents for further information.

Section III: Legal, economic, financial and technical information

III.1) Conditions for participation

III.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers

List and brief description of conditions:

The Service Provider must be registered and authorised with both the Financial Conduct Authority and also the Prudential Regulation Authority to provide banking and related services (collectively “Services”). The Service Provider will comply with the requirements of the Banking Act 2009 and the Financial Services Act 2012 in respect of such Services. The Service Provider will be a UK institution which has permission under the Financial Services and Markets Act 2000 to carry on the regulated activity of accepting deposits.

III.1.2) Economic and financial standing

List and brief description of selection criteria:

Insurance - It is a requirement of this Framework Agreement and any Call Off Contract made the under the Framework Agreement. that tenderers hold, or can commit to obtain prior to the commence of any subsequently awarded Call-Off Contract, the types and levels of insurance indicated below.

Financial - Please note tenderers are required to have a Minimum Long Term rating detailed below which will be maintained for the duration of the Framework Agreement and any Call Off Contract made the under the Framework Agreement.


Minimum level(s) of standards required:

Insurance

* Employers Liability – statutory minimum 5million (GBP) each and every claim

* Public liability – minimum 2 million (GBP), each and every claim

* Professional indemnity – 500,000 (GBP) for each and every claim in the aggregate with 500,000 (GBP) on an automatic annual reinstatement or 1 million (GBP) in the aggregate

Financial

Tenders will be required to have a minimum long-term rating from Fitch and Moody's of A- Where this criterion is not met the Council may request tenderers to provide detail why and supporting evidence in the form of company accounts for the previous financial year.

III.1.3) Technical and professional ability

List and brief description of selection criteria:

As detailed in the SPD, Tenderers will be required to provide examples that demonstrate that they have the relevant experience to deliver the services as detailed Specification.

Tenders will also be required to confirm whether they intent to sub-contract any of the services relating to this tender in the SPD. A SPD will be required to be completed for each sub-contractor as detailed in the SPD


III.2) Conditions related to the contract

III.2.1) Information about a particular profession

Participation is reserved to a particular profession: Yes

Reference to the relevant law, regulation or administrative provision:

The Service Provider will be and continue to be a UK institution which has permission under the Financial Services and Markets Act 2000 to carry on the regulated activity of accepting deposits (within the meaning of section 22 of that Act, taken with Schedule 2 and any order under section 22) for the term of the Contract and for the term of any Call-off thereunder. Service Provider will be registered and authorised and will maintain such registration and authorisation with both the Financial Conduct Authority and also the Prudential Regulation Authority in respect of the provision banking and related services.

The Service Provider will at all times comply with the requirements of the Banking Act 2009 and the Financial Services Act 2012 in respect of all Services provided under the Framework Agreement and any Call-off.

* Suitability qualified and experienced staff

III.2.3) Information about staff responsible for the performance of the contract

Obligation to indicate the names and professional qualifications of the staff assigned to performing the contract

Section IV: Procedure

IV.1) Description

IV.1.1) Type of procedure

Open procedure

IV.1.3) Information about a framework agreement or a dynamic purchasing system

The procurement involves the establishment of a framework agreement with a single operator.

IV.1.8) Information about Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: Yes

IV.2) Administrative information

IV.2.2) Time limit for receipt of tenders or requests to participate

Date: 29/07/2024

Local time: 12:00

IV.2.4) Languages in which tenders or requests to participate may be submitted

EN

IV.2.6) Minimum time frame during which the tenderer must maintain the tender

Tender must be valid until: 19/12/2024

IV.2.7) Conditions for opening of tenders

Date: 29/07/2024

Local time: 14:00

Information about authorised persons and opening procedure:

In accordance with the Councils Standing Orders relating to Contracts

Section VI: Complementary information

VI.1) Information about recurrence

This is a recurrent procurement: Yes

Estimated timing for further notices to be published:

If extension period is utilised, April 2031

VI.2) Information about electronic workflows

Electronic ordering will be used

Electronic invoicing will be accepted

Electronic payment will be used

VI.3) Additional information

1. All Procurement document can be located in PCST project number 25828. The Framework Agreement has not been structured as a lotted framework as the information contained within the technical and commercial envelopes cover both requirements. The MEAT supplier for lots 1 and 2 combined will be awarded the Framework Agreement.

2. The Renfrewshire Council (as lead Purchaser) will award the Framework Agreement and will Call-Off on behalf of the Council and associated bodies under Lot 1:

* Renfrewshire Valuation Joint Board, a separate legal entity and statutory body. Established by the Valuation Joint Boards (Scotland) Order 1995 to carry out the valuation functions of Renfrewshire, East Renfrewshire and Inverclyde Councils.

* The Glasgow and Clyde Valley Strategic Development Planning Authority. The Councils in the Glasgow and the Clyde Valley area work together on strategic development plan matters. A strategic development team is managed by a joint committee of 16 councillors from the eight participating councils

* Scotland Excel, a non-profit making organisation funded by participating local authority members. Its head office is located in Paisley.

Renfrewshire Leisure Limited (RLL) trading as OneRen will enter into any call off under Lot 2 of the Framework Agreement.

3. The Framework Agreement will be for a period of 4 years and any Call-off Contact awarded under either Lot 1 or Lot 2 will not automatically expiry after the Framework Agreement Expiry Date.

4. The Council and OneRen’s current Contract for Banking Services with Clydesdale Bank Plc is due to expiry on the 28th February 2025, for continuity of Service, the Council and OneRen agreed a short term Contract with Clydesdale Bank Plc to allow for implementation of a new banking service if there is a change of Service Provider following evaluation. It is therefore critical that the new banking service is live by the 28th February 2025. It is envisaged that if the incumbent Service Provider is appointed, the implementation will be limited.

5. A potential cost of change is anticipated where the Banking Services move to a new Service Provider. In order to identify this cost of change to the Council and OneRen and part of the Tender Submission (Implementation) will be used to identify the potential cost to the Council and OneRen arising from such a change. The Council has also identified the potential Cost to Change elements which include replacement cheque stock, replacement stationery and consultancy cost in relation to integration with the Council financial system Business World. The Council will clarify with the Tenderer the individual cost of change which would be in addition, the total cost of change will be added to the total cost for each Tender Submission provided by Tenderers who are not the incumbent Service Provider.

6. For your information: The Council has sought professional guidance from a consultant in the drafting of the specification, quality questions and pricing. This will make the Specification clearer to the market and produced in a format that is more familiar to the Banks

The buyer is using PCS-Tender to conduct this ITT exercise. The Project code is 25828. For more information see: http://www.publiccontractsscotland.gov.uk/info/InfoCentre.aspx?ID=2343

A sub-contract clause has been included in this contract. For more information see: http://www.publiccontractsscotland.gov.uk/info/InfoCentre.aspx?ID=2363

Community benefits are included in this requirement. For more information see: https://www.gov.scot/policies/public-sector-procurement/community-benefits-in-procurement/

A summary of the expected community benefits has been provided as follows:

Community Benefits are voluntary. Further information can be found in Procurement Documents.

(SC Ref:769173)

VI.4) Procedures for review

VI.4.1) Review body

Court of Session

Parliament Square

Edinburgh

EH1 1RQ

UK

VI.4.3) Review procedure

Precise information on deadline(s) for review procedures:

An economic operator that suffers, or risks suffering, loss or damage attributable to a breach of duty under the Public Contracts (Scotland) Regulations 2015 (SSI 2105/446) (as amended) may bring proceedings in the Sheriff Court or Court of Session.

VI.5) Date of dispatch of this notice

27/06/2024

Coding

Commodity categories

ID Title Parent category
66110000 Banking services Banking and investment services

Delivery locations

ID Description
100 UK - All

Alert region restrictions

The buyer has restricted the alert for this notice to suppliers based in the following regions.

ID Description
There are no alert restrictions for this notice.

About the buyer

Main contact:
gillian.gordon@renfrewshire.gov.uk
Admin contact:
N/a
Technical contact:
N/a
Other contact:
N/a

Further information

Date Details
No further information has been uploaded.

0800 222 9004

Lines are open 8:30am to 5pm Monday to Friday.

Rydym yn croesawu galwadau'n Gymraeg.

We welcome calls in Welsh.