Decisions published

03/09/2020 - Bank Contract ref: 1533    Recommendations Approved

To seek approval for the procurement of the bank contract


Any representations should be sent to:

Paul Blacker, Director of Finance

01452 32 8999


By 5pm on 25th August 2020

Decision Maker: Cabinet Member - Finance and Change

Decision published: 03/09/2020

Effective from: 11/09/2020


Having fully considered all the available information, the Cabinet Member: Finance and Change decided to reject the alternative options and take the recommended decision to:


Delegate authority to the Director of Finance to:


1)    Conduct a full competitive OJEU compliant procurement process for the award of a banking contract for a minimum period of 5 years from 31st March 2021 with the option to extend for a further period of 5 years;


2)    Award a contract to the successful tenderer on conclusion of that process;


3)    Exercise the option to extend the contract in consultation with the Cabinet Member for Finance and Change, should it be in the Council’s best interests to do so.


For the reasons set out in the published decision report.

Lead officer: Paul Blacker