Decision details
Banking Contract Extension
Decision Maker: Director of Finance
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
The purpose of the report is to formally gain
approval for the awarding of the 2 year extension option within the
banking contract.
Decision:
RESOLVED - That:
to approve Option 1 presented in this report, thus enabling the
Council to continue its relationship with Barclays Bank PLC for the
provision of transactional banking services.
Reasons for the decision:
Option 1 – To approve the award of the 2
year extension to Barclays Bank PLC who are currently providing a
high quality service that fits with current systems.
Option 2 – Not to formally the award of the 2 year extension
to Barclays Bank contract. Due to the need of the service and the
value of the contract a new tender exercise would be required. This
would take at least 6 months to complete due to the volume of
accounts and services that use Barclays Bank to receive income and
expenditure.
Alternative options considered:
Option 2 – Not to formally the award of
the 2 year extension to Barclays Bank contract. Due to the need of
the service and the value of the contract a new tender exercise
would be required. This would take at least 6 months to complete
due to the volume of accounts and services that use Barclays Bank
to receive income and expenditure.
Other reasons / organisations consulted
None
Contact: Jit Kara, Senior Accountant 4318, Email: jit.kara@oldham.gov.uk Email: Jit.Kara@oldham.gov.uk.
Publication date: 07/08/2019
Date of decision: 31/07/2019
Accompanying Documents:
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