Issue - meetings
Tender for Banking Services
Meeting: 30/07/2020 - Cabinet (Item 26)
26 Tender for Banking Services 
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Report of the Executive Director of Corporate Resources and Customer Services
Minutes:
The Cabinet considered the report of the Executive Director - Corporate Resources and Customer Services that sought authority to commence a procurement exercise for the provision of banking services.
Decision Made:
That:
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(1) |
the Executive Director - Corporate Resources and Customer Services be authorised to conduct a formal procurement exercise for the provision of banking services for the period of three years from1 April 2021 to 31 March 2024 with the option of further extensions to be exercised up to a maximum of two years; and
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(2) |
authority be delegated to the Executive Director - Corporate Resources and Customer Services, in consultation with the Cabinet Member – Regulatory, Compliance and Corporate Services to accept the highest scoring tender in accordance with the approved basis of evaluation and award the contract accordingly and any extension thereof. |
Reasons for Decision:
The Council’s Contract Procedure Rules require that where expenditure is above £189,330 the process must comply with EU Public Procurement Rules. The banking tender is expected to exceed the EU limit.
Alternative Options Considered and Rejected:
None.