Issue - meetings

Banking Tender 2024/25

Meeting: 08/02/2024 - Cabinet (Item 137)

137 Banking Tender 2024/25 pdf icon PDF 110 KB

To consider and decide on the recommendations as set out in the associated report.

 

Additional documents:

Decision:

RESOLVED – 

 

1. That a 5-year contract to supply Banking and Merchant Services to Tunbridge Wells Borough Council be awarded to Lloyds Bank beginning 1 April 2024 be approved.

 

2. That an extension of up to 60 months at the end of the initial 5 year contract term, contingent upon on the contract continuing to provide value for money and satisfactory service performance levels be approved.

 

3. That authority be given to the Head of Legal Partnership to enter into the contract with Lloyds Bank be approved.

 

REASON FOR DECISION: A Banking and Merchant Services provider is required in order for TWBC to continue its functions.

Minutes:

Councillor Mark Ellis, Cabinet Member for Finance and Performance introduced Lee Colyer, Director of Finance, Policy and Development who presented the report set out in the agenda.

 

The report was taken as read.

 

RESOLVED – 

 

1. That a 5-year contract to supply Banking and Merchant Services to Tunbridge Wells Borough Council be awarded to Lloyds Bank beginning 1 April 2024 be approved.

 

2. That an extension of up to 60 months at the end of the initial 5 year contract term, contingent upon on the contract continuing to provide value for money and satisfactory service performance levels be approved.

 

3. That authority be given to the Head of Legal Partnership to enter into the contract with Lloyds Bank be approved.

 

REASON FOR DECISION: A Banking and Merchant Services provider is required in order for TWBC to continue its functions.


Meeting: 23/01/2024 - Finance and Governance Cabinet Advisory Board (Item 73)

73 Banking Tender 2024/25 pdf icon PDF 111 KB

To consider and provide a recommendation to Cabinet on the proposals set out in the attached report.

 

Additional documents:

Minutes:

Jane Fineman, Head of Finance, Procurement and Parking introduced the item set out in the agenda.

 

The report was taken as read.

 

RESOLVED – That the recommendations to Cabinet set out in the report be supported.