Tenders

Banking Services for Client Property and Money Management

Open
Deadline
181 days left
August 31, 2026
Contract Details
Category
Other
Reference
004903-2026
Value
£324,000
Location
North East England, United Kingdom
Published
February 24, 2026
CPV Code
Project Timeline

Tender Published

January 20, 2026

Deadline for Questions

August 24, 2026

Submission Deadline

August 31, 2026

Contract Start Date

August 31, 2026

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Budget
£324,000
Duration
48 months
Location
North East England
Type
Other
44
Quality Score/100
Fair

Original Tender Description

Provision of Banking Services for Client Property and Money Management

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Requirements & Qualifications

11 requirements across 5 categories

Submission (2)
Mandatory (1)
Compliance (4)
Technical (3)
Financial (1)
SUBMISSION REQUIREMENTS2
--Submit a formal request to participate in this restricted procurement process.
--Ensure the request to participate is submitted by the deadline of 30 January 2026.
MANDATORY EXCLUSION GROUNDS1
--No specific mandatory exclusion grounds are detailed in the provided summaries.
ELIGIBILITY REQUIREMENTS4
--The bidder must be a financial institution capable of providing banking services.
--The bidder must be able to provide services specifically for client property management.
--The bidder must be able to provide services specifically for money management.
TECHNICAL CAPABILITY REQUIREMENTS3
--Demonstrate the capability to manage banking services for client property.
--Demonstrate the capability to manage banking services for money management.
--Possess the operational capacity to deliver services for a contract valued at approximately £270,000 (or 324,000 EUR) over a period of 48 months, with a potential extension until 2034.
FINANCIAL REQUIREMENTS1
--No specific financial requirements (e.g., minimum turnover, specific financial ratios) are detailed in the provided summaries.

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Documents

4 documents available with AI summaries

OCDS RecordDOC
004903-2026_ocds_record.json

This OCDS record provides structured data about the London Borough of Lewisham's restricted procurement for banking services, detailing the planning stage of the tender for client property and money management.

OCDS Release PackageDOC
004903-2026_ocds_release.json

This OCDS Release Package provides structured data about the London Borough of Lewisham's restricted tender for banking services, detailing the buyer and initial tender information.

Official PDF VersionPDF
004903-2026_official.pdf

The London Borough of Lewisham is seeking banking services for client property and money management, with an estimated value of £270,000, for a contract period from 1 September 2026 to 31 August 2030, with a possible extension until 2034, and requests to participate are due by 30 January 2026.

Tender NoticeHTM
004903-2026.html

This document is a termination notice from Ipswich Borough Council, informing that the tender for two lots of Towns Fund Digital Binoculars AR/VR content has been withdrawn and the contract will not be signed.

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44
Fair

Tender Quality Score

This tender for banking services exhibits significant deficiencies in completeness, clarity, and data consistency, primarily due to missing critical information and the inclusion of an irrelevant document summary.

Score Breakdown

Legal Compliance60/100

The tender defines a restricted, competitive flexible procedure and assigns a CPV code. However, the specific procedure codes are missing, and the AI summary indicates a lack of detailed mandatory exclusion grounds. The reveal date is also not specified.

Missing procedure type codes
Missing reveal date
Clarity45/100

While the service description is clear, the tender suffers from a critical lack of clarity due to unspecified evaluation criteria. Furthermore, specific financial requirements and detailed mandatory exclusion grounds are noted as missing in the AI summary, and the presence of an irrelevant document summary (Document 1) adds significant confusion.

No evaluation criteria specified
No specific financial requirements detailed
Completeness35/100

The tender provides basic information, deadlines, and value. However, it is critically incomplete due to the absence of evaluation criteria, detailed financial requirements, and specific mandatory exclusion grounds. The inclusion of a termination notice for a different council/tender (Document 1 summary) indicates a severe flaw in the document package's completeness and relevance.

No evaluation criteria specified
No specific financial requirements detailed
Fairness45/100

The lack of specified evaluation criteria severely compromises the fairness and transparency of the procurement process. The absence of e-submission, as flagged by automated checks, also creates barriers to equal access. Requirements appear generic and not tailored.

No evaluation criteria specified
No e-submission support
Practicality50/100

The tender's practicality is significantly hampered by the lack of electronic submission support. While duration and contract start are specified, the presence of an irrelevant document summary (Document 1) makes navigating the tender package less practical for bidders.

No electronic submission supported
Irrelevant document summary included (Document 1)
Data Consistency30/100

A major inconsistency exists with the contract start date being identical to the submission deadline, which is illogical. Furthermore, the summary of Document 1, a termination notice for a different council and tender, represents a severe data consistency failure within the provided tender information.

Contract start date identical to submission deadline
Irrelevant document summary included (Document 1)
Sustainability20/100

The tender explicitly lacks any focus on green procurement, social criteria, or innovation, as indicated by automated checks. It is also not EU funded, which often correlates with higher sustainability standards.

No green procurement focus
No social criteria

Strengths

Clear service description
Estimated value disclosed
CPV code provided
Contract duration specified
Requirements for eligibility and technical capability are outlined

Concerns

Absence of evaluation criteria
Inclusion of an irrelevant document summary (Document 1)
Inconsistent contract start and submission dates
Lack of electronic submission support
Missing detailed financial and mandatory exclusion requirements

Recommendations

1. Immediately rectify the document package by removing irrelevant content and ensuring all documents pertain to the current tender.
2. Clearly define and publish comprehensive evaluation criteria to ensure fairness and transparency.
3. Provide detailed mandatory exclusion grounds and specific financial requirements for bidders.

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