Award

Homes England Charged Bank Account

HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)

This public procurement record has 2 releases in its history.

Award

30 May 2023 at 12:23

Tender

12 Aug 2022 at 13:43

Summary of the contracting process

Homes England is looking to procure a charged bank account service for financial and insurance services through an open procedure. The procurement stage is active, with a contract value of £200,000 signed on 16th November 2022. The buying organisation, Homes England, located in Newcastle upon Tyne, UK, aims to be co-signatory alongside customers for the joint operation of the bank accounts. The industry category is financial and insurance services.

This tender offers an opportunity for financial and insurance service providers to compete for the contract with Homes England. Businesses well-suited to compete are those with expertise in financial services and experience in joint signatory arrangements. The contract presents a chance for growth and collaboration with Homes England, the central purchasing body, for interested suppliers like National Westminster, the current active supplier for this contract.

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Notice Title

Homes England Charged Bank Account

Notice Description

Homes England are looking to procure a charged bank account service using defined minimum criteria which enables Homes England to be co-signatory alongside customers using an online platform.

Lot Information

Lot 1

As security for our investments placed with borrowing entities, our borrowers are required to secure to us the bank account through which they receive and recycle sales proceeds on their development. The accounts are secured to us through a fixed charge and assignment, most often through a debenture over all company books and assets. The accounts are opened by our borrowers (in their own name) but are to be operated on a joint signatory basis between Homes England and the borrower, in the absence of any enforcement action. A notice of charge and assignment is served by the borrower upon the bank and requires acknowledgement to Homes England and the borrower of the content within - notably signatory requirements and waiver of any right of set-off over the account.

Options: Price is not the only award criterion and all criteria are stated only in the procurement documents

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-035b6c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/015257-2023
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£200,000 £100K-£500K

Notice Dates

Publication Date
30 May 20232 years ago
Submission Deadline
16 Sep 2022Expired
Future Notice Date
Not specified
Award Date
16 Nov 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)
Contact Name
Mr Barry Stoker
Contact Email
barry.stoker@homesengland.gov.uk
Contact Phone
+44 1133949446

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE4 5BZ
Post Town
Newcastle upon Tyne
Country
England

Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
Not specified

Local Authority
Newcastle upon Tyne
Electoral Ward
Arthur's Hill
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
1
Supplier Name

NATIONAL WESTMINSTER

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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