Issue - meetings

Consider report by Executive Director (Finance and Regulatory).  (Copy attached.)

There had been circulated copies of a report by the Executive Director (Finance and Regulatory) advising on the outcome of the recent collaborative procurement for core banking services and seeking delegated approval to implement a new contract for banking services.  The report explained that following the collaborative procurement exercise undertaken with City of Edinburgh Council, Fife Council and Edinburgh Leisure, the Royal Bank of Scotland had been awarded the contract to provide banking services to the 4 organisations for a period of up to 6 years.  The contract award and implementation would require a number of key documents to be completed to allow the transition from the Council’s current banking services provider, the Bank of Scotland, to be completed.

         DECISION

            AGREED to:-

(a)     note that the tender outcome had resulted in the Royal Bank of Scotland being awarded the contract; and

(b)     authorise the Executive Director, Finance & Regulatory, to implement the new banking contract in line with the Scheme of Delegation.