Council and councillors

(KEY DECISION)

Report No. 73/2017 from the Director for Resources was received.

The Portfolio Holder, Mr Hemsley, introduced the report, the purpose of which was to update Cabinet in respect of the approach to the procurement of banking services and to seek delegated approval for the Director for Resource in consultation with the Portfolio Holder to define the award criteria and to award the contract following a tender exercise.

During discussion the following points were raised:

      i.        One of the objectives of the contract would be to find a provider that would be able to give innovative and proactive advise on alternative ways of doing transactions to reduce cash and face to face payments; and

    ii.        It was important that any provider had the most up to date IT security controls in place and would be able to provide advice on any current security risks.

DECISION

1.    Cabinet APPROVED the delegation of the award criteria and the contract award for banking services to the Director for Resources in consultation with the Portfolio Holder for Growth, Trading Services and Resources (except Finance).

Reason for Decision

1.    To ensure that the Council maintained adequate banking arrangements.