Tender

Third Party Fund Management

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 1 release in its history.

Tender

20 Feb 2024 at 18:09

Tender Notice
Summary of the contracting process

The Foreign Commonwealth and Development Office is seeking a banking agent for Third Party Fund Management in London, United Kingdom (Postal Code: SW1A 2AH). The procurement is currently in the "Open procedure" stage with a tender period ending on 21st March 2024. The contract is set to run from 1st May 2024 to 30th April 2027, providing banking services involving the secure collection, holding, and disbursement of project funds.

This tender presents an opportunity for businesses providing banking services to engage with the Foreign Commonwealth and Development Office. Companies in the financial services industry specializing in banking services would be well-suited to compete for this contract. The specified contract period offers a potential for stable revenue streams and collaboration with FCDO and their partners for project fund management.

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Notice Information

Notice Title

Third Party Fund Management

Notice Description

We require the facility of a banking agent who can receive TPM funds into named project accounts and when required disburse those funds as agreed by FCDO and their partners. The aim of the contract is to provide those banking services to FCDO and their partners and will allow for the secure collection, holding and disbursement of project funds.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2a7ee64f-f6e4-4184-a5a9-d0a6b0816851
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/81e3024c-bd88-4bbd-96f6-36ec7e723d44
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
20 Feb 20242 years ago
Submission Deadline
21 Mar 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Apr 2024 - 30 Apr 2027 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1A 2AH
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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