Decision details

Acceptance of Tender - Banking

Decision Maker: Cabinet

Decision status: Decision made

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report will consider the outcome of the tender process for the cash banking contract.

Decision:

174/2005 The Cabinet authorised the Director of Finance and Corporate Services to enter into a contract with Nat West Bank for the provision of the Council's banking services for three years commencing 1 October 2005 with the option to extend the contract for up to 24 months subject to satisfactory performance on the most advantageous terms for the Council.

Reasons for the decision:

The recommended contractor is a competent company capable of undertaking this contract.

Publication date: 19/07/2005

Date of decision: 19/07/2005

Decided at meeting: 19/07/2005 - Cabinet

Effective from: 28/07/2005

Accompanying Documents: