Purpose

Re-procurement of the Banking Services
contract which enables Leeds City Council to maintain the provision
of a bank account and the associated banking services essential for
an organisation the size of Leeds City Council. The value of the
contract over 8 years depends on levels of activity but is
approximately £1m in total. The services are required to
enable the council to maintain a bank account, receive and make
payments to counter-parties and is essential for the
Council’s Treasury Management function and the reconciliation
of the Council’s cash position. The proposed procurement
approach is to use the NEPO framework agreement NEPO531 General
Banking Services 1.0 which became available from the end of June
24.

Content

The decision maker intends to approve the
recommendations set out in the report ‘Authority
to award a new
contract to NatWest plc, by way of a call-off under NEPO531
General Banking Services framework agreement
1.0, for the provision of Banking
Services for the Council’ attached with effect from
the decision date.