Decision details

OD/21/121 Banking Contract 22-23

Decision Maker: Officer Decision

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

In 2014 the Council, in partnership with other Councils in Suffolk appointed Lloyds Bank to provide banking services. This contract was for a period of 7 years which expired on 31st March 2021. The contract was extended by twelve months to allow the Council to investigate running a collaborative

procurement with the same group of Councils as in 2014. Further investigation during this period concluded that this is no longer a viable current option as some Suffolk Councils have now entered into other banking contracts.

Decision:

To exempt this contract from market testing for a further 12 months. The annual contract value is approximately £35,000.

 

Reason:

To enable a full open tender procurement to be completed.

Publication date: 15/03/2022

Date of decision: 15/03/2022

Accompanying Documents: