Contract award · 5 Mar 2024

General Banking Services

The Association of North East Councils Limited awarded a contract to Barclays Bank plc, Lloyds Bank Plc, National Westminster Bank plc for £288m.

Financial & insurance servicesNorth East

Competition with a shortlist

Competitive procedure with a selection stage: suppliers were shortlisted before being invited to bid.

Key facts

Buyer
The Association of North East Councils Limited · Regional or local authority
Value
£288,000,000
Procedure
Competitive procedure with negotiation
Sector
Financial & insurance services · Financial and insurance services (CPV 66000000)
Timeline
  1. Contract date5 Mar 2024
  2. Published5 Mar 2024Published the same day

Description

NEPO used a competitive procedure with negotiation for the procurement of this Framework Agreement. The first stage was a selection questionnaire, which was used to shortlist suppliers. Shortlisted suppliers were then be Invited to Tender. The selection questionnaire document also contained an ITT overview that set out the high-level requirements of the Framework Agreement. This document allowed suppliers to determine if they were interested in this opportunity and consider whether they had the required capability and capacity to deliver the Framework Agreement. The Framework Agreement is a multi-supplier and single lot solution. Those suppliers shortlisted from selection questionnaire and Invited to Tender were evaluated in accordance with the award criteria contained within the Invitation to Tender documents. NEPO reserved the right to enter into negotiations with tenderers in line with the requirements of the competition with negotiation procedure. NEPO also reserved the right not …

About the suppliers

Other awards in the same procurement

Call-offs and awards published under the same process (for example a framework or dynamic purchasing system).

Date Contract Supplier Value
25 Nov 2025 Barclays Bank plc £313k

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