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Issue details

Banking Services Requirements for Sheffield City Council

The Councils current banking services contract with Barclays is due to expire on 30th September 2022 therefore a new contract is required to be procured in line with The Public Contracts Regulations 2015. 

 

A lead-in time of several months may be required (in the event of any change in provider) therefore the procurement aims to conclude by the end of March 2022.

 

An open tender will be conducted with the successful provider being awarded a seven-year contract made up of an initial period of five years with an optional two-year extension available at the Councils discretion.

 

To seek approval to procure a new contract to ensure continuity of banking services whilst ensuring all spend remains compliant within the Council’s internal regulations and procurement legislation; to seek delegated authority to enter into a contract with the successful bidder

 

Decision type: Key

Reason Key: Expenditure/savings > £500,000;

Decision status: Recommendations Approved

Notice of proposed decision first published: 20/01/2022

Scrutiny Committee: Overview and Scrutiny Management Committee;

Decision due: Not before 18 Feb 2022 by Executive Member for Finance and Resources

Lead member: Executive Member for Finance and Resources

Lead director: Executive Director, Resources

Department: Resources

Contact: David Phillips, Head of Strategic Finance Email: Dave.Phillips@sheffield.gov.uk Tel: 0114 2735872.

Date agenda documents available: 10/02/22

Decisions

Documents