Decision details

Procurement Exemption / Award of New Banking Contract

Decision Maker: Deputy Leader of the Council and Economic Growth, Regeneration & Tourism Portfolio Holder

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To seek an exemption from procurement rules and award a new 5 year contract to the Council's existing bankers

Decision:

That the Portfolio Holder for Corporate Finance and Governance approves:

 

(a)  An exemption from procurement rules in order to enable the Council to directly appoint bankers following the expiry of the previous five year contract; and

 

(b)   The appointment of Lloyds Bank to undertake the banking services for the Council for a period of five years.

Reasons for the decision:

To seek an exemption from procurement rules to enable the appointment of the Council’s existing bankers for a further five year term.

Alternative options considered:

As set out in the Officer’s report.

Interests and Nature of Interests Declared:

None

Publication date: 09/03/2020

Date of decision: 06/03/2020

Effective from: 17/03/2020

Accompanying Documents: