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The Council requires a comprehensive money transmission banking service involving maintenance of Council and school bank accounts, handling of paper, BACS and CHAPS clearing, cash processing and other activities associated with local authority banking business. The Council will require an internet banking service for balance/transaction reporting and payment initiation.
The proposed Contract will be awarded for an initial term of 5 years, with the option to extend for an initial period 3 years, plus an option to extend up to a further 2 years. The maximum value of the initial 5-year term of the contract will be £450,000. The maximum value of the potential 10-year period will be up to £1,000,000. This is to allow for indexation or variations during the extension period(s).
Further information in regards to this opportunity can be found in the OJEU Contract Notice.
Additional information:
To access this opportunity please visit www.supplyhertfordshire.uk
Is a Recurrent Procurement Type? : No
No supplier information available.