Decision Maker: Mayor and Cabinet

Outcome: For Determination

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: July 9, 2025

Purpose:

Content: It was MOVED, SECONDED and RESOLVED:   •    To approve the extension of the current banking contract with Barclays Bank for the period until the two new contracts are in place, expected to be no longer than 18 months at a cost of not more than £100k. •    To approve the procurement via the NEPO framework of a contract for the provision of corporate banking services for the Council, LGPS Pension Fund, and Lewisham Homes for a period of 4 years with the option to extend for 2+2 years and approve the award of contract provided that the contract sum does not exceed £0.65 million over the 8-year period. •    To delegate authority to Executive Director for Corporate Resources, in consultation with the Acting Director of Finance and the Director of Law and Corporate Governance, to select the preferred provider in accordance with the award criteria and to agree and enter into the final form of contract. •    To approve the open tender procurement of a contract for the provision of client money management banking services for the Council for a period of 4 years with the option to extend for 2+2 years and approve the award of contract provided that the contract sum does not exceed £0.27 million over the 8-year period. •    To delegate authority to Executive Director for Corporate Resources, in consultation with the Acting Director of Finance and the Director of Law and Corporate Governance, to select the preferred provider in accordance with the award criteria and to agree and enter into the final form of contract.