Tender

Third Party Fund Management

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 1 release in its history.

Tender

27 Apr 2023 at 14:45

Tender Notice
Summary of the contracting process

The Foreign Commonwealth and Development Office has published a tender titled "Third Party Fund Management" in the services industry category. The procurement method is an open procedure, and the contract period will run from 1st August 2023 to 30th July 2027. The tender deadline is on 30th May 2023, with a contract value of £100,000 in GBP. The project location is in London, United Kingdom.

This tender presents an opportunity for banking agents with expertise in providing secure banking services for project funds to compete. Small and medium enterprises (SMEs) are particularly suitable for this tender, offering the chance to grow their business by providing essential financial services to the Foreign Commonwealth and Development Office in the specified contract period.

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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-b5fd17-69894d7e-112d-458e-825e-607123141771
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9515d287-65c5-471c-8026-ec4f8a0638ae
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
SME
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
£100,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
27 Apr 20232 years ago
Submission Deadline
30 May 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Jul 2023 - 30 Jul 2027 3-4 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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