Decisions for issue Procurement of Corporate Banking Services

(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.