Kotka City's group account and payment services and cash handling

Group account and payment transaction services include the processing of Single Euro Payments Area (SEPA) payments and foreign payments, cash handling services, and services related to the management of account access tools. Contract management related to the service (e.g., contracts concerning new or discontinued services, accounts, access rights limits, etc.) are also part of the procurement. The tender concerned the prices of the service packages detailed in the request for proposals. The procurement does not include, for example, card payment processing or payment and identification services related to online services. The bank chosen as the city's payment transaction intermediary was the bank that submitted the cheapest offer, provided that the bank meets the minimum requirements set out in the tender documents and is capable of providing the services offered as described in the tender documents. The city's own outgoing domestic accounts receivable and payable payments will be centralized with the intermediary bank. A group account intended for the use of the city and its subsidiaries will be opened only with the intermediary bank. The service must include the possibility to debit/credit interest, commissions, and fees for the sub-accounts of the group account. For other services, the city reserves the right to purchase services from other banks. The supplier is responsible for the implementation of payment transaction services as a fully responsible supplier. The supplier's responsibility and the service charge cover all tasks and functions required for the provision of the agreed services, even if they are not explicitly specified. The procurement was carried out as another joint procurement in accordance with Section 21 of the Procurement Act (1397/2016), where the contracting entities agree to carry out a single procurement together. The fixed-term contract period will last for two (2) years, after which the Agreement will continue as an indefinite-term agreement with a mutual notice period of six (6) months, unless the Customer terminates the Agreement to end at the end of the fixed-term period. If the Customer terminates the Agreement to end at the end of the fixed-term period, the termination must be made in writing at least six (6) months before the end of the fixed-term period.