Issue - decisions

That the Director for Finance in consultation with the Cabinet Member for Finance and Commercial Services:

1.    Approves the award of the contract for banking services to the Royal Bank of Scotland PLC from 1 August 2021 to 31 July 2028 with the option to extend for a further three years. If the contract runs for the proposed initial term, the value will be £256,540. If the extension is used, the total value of the contract over ten years will be £366,485.

2.    Note that the start date for this contract award differs from the start date provided by the procurement strategy for the services because the existing service (provided by National Westminster Bank which is part of the Royal Bank of Scotland Group) was extended until 31 July 2021. Therefore, instead of commencing on 1 April 2021, this service shall begin on 1 August 2021.