Decision - Procurement of Corporate Banking Services
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Decision details
Procurement of Corporate Banking Services
Decision Maker: Policy & Resources Committee (pre 2015)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
Report to seek approval to tender for the
Corporate Banking Services contract due to expire in April
2015.
Decision:
(1) That the procurement of the corporate banking services contract, following the timeline and evaluation criteria set out in the report with a contract term of 5 years from 1 April 2015 to 31 March 2020 with an option to extend for a further 2 year period to 2022 be approved; and
(2) That the Executive Director Finance & Resources be granted delegated authority to:
(i) award the contract for 5 years following the recommendations of the evaluation panel and the results of the tendering process; and
(ii) extend the contract for 2 years subject to satisfactory performance of the provider in respect of the initial 5 year period.
Report author: Debbie Sargent
Publication date: 17/02/2014
Date of decision: 13/02/2014
Decided at meeting: 13/02/2014 - Policy & Resources Committee (pre 2015)
Effective from: 21/02/2014
Accompanying Documents:
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