Banking Contract for Local Government Association

Banking Contract for Local Government Association

To appoint a single banking provider for a contract period of 5 years, with a further option of 2 years.


LG000524-Banking Contract

Reference number:LG000524-Banking Contract

Deadline date:03/10/2014

This deadline is for…Deadline for Expression of Interest

Contract value:£0 – £10,000

Location where the contract is to be carried out:United KingdomUNITED KINGDOM,

Name of the buying organisation:Local Government Association

Original source

Description of the contract

Objective of this exercise: To appoint a single banking provider for a contract period of 5 years, with a further option of 2 years. Mandatory Qualification QuestionsPlease note that all questions require completion. Failure to complete any question will disqualify your organisation.Mandatory qualifying questions This section sets out 4 mandatory questions which require a yes/no answer. If any answers are ‘No’ , do not complete the rest of the Tender Application as your organisation will fail to pass the minimum requirements for this tender.1. Is your organisation included on the current list of banks or the current list of building societies, as published monthly by the Bank of England?The relevant document can be accessed here: / No 2 Has your country of regulatory domicile currently been awarded a sovereign credit rating in the “AA” category, or better, from at least one of Standard & Poor’s / Moody’s / Fitch? Yes / No 3 Did your organisation have a Tier 1 capital ratio (CET1 ratio – as measured by Basel 2.5 or Basel 3 criteria) of greater than 10.0% at your latest financial year-end? Yes / No 4 Does your organisation have Public Liability Insurance and Employers Liability Insurance in place of at least £5 million for each? Yes / No If you have answered ‘yes’ to all above questions please contract Tracey Blackman on


Classification of the contract

66110000Banking services

Additional information

Contract type:Services – 6

Is it a framework agreement?No

Is this contract related to a programme of funding?No

Contract will be awarded based on:Most economically advantageous tender in terms of: The criteria stated in the contract documents

Estimated length of contract:01/11/2014 – 31/12/2019

Who to contact

Contact nameTracey Blackman

Organisation name: Local Government Association

AddressLocal Government House, Smith Square, London, SW1P3HZ


Extension number:


Web address

How to apply

LG000524-Banking Contract – Extension to tender exercise and upload of LG000524-Banking Contract Terms and Conditions document. Closing date extension, new closing date is now Friday 17th October 2014, 17.00 hrs. New documentation uploaded detailing Correct LG000524-Banking Contract Terms and Conditions.