---
title: "Investments Account Bank"
ocid: "ocds-b5fd17-e55ff93c-da20-4f51-98ce-3428cf011074"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-e55ff93c-da20-4f51-98ce-3428cf011074"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-e55ff93c-da20-4f51-98ce-3428cf011074.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-e55ff93c-da20-4f51-98ce-3428cf011074.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)"
published: "2018-12-11"
---

# Investments Account Bank

Buyer: HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)  
Current stage: Award  
OCID: ocds-b5fd17-e55ff93c-da20-4f51-98ce-3428cf011074

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## Summary

The procurement process titled "Investments Account Bank" is undertaken by Homes England (the name adopted by the Homes and Communities Agency), a key player in the financial services sector. This open tender aims to establish a framework of banks that will facilitate the management of investment accounts required by borrowing entities. The procurement opens on 2nd November 2018, with a tender period ending on 23rd November 2018. The contract is set to commence from 1st January 2019 and runs through to 1st January 2023, with a total estimated value of £1,200,000 and a minimum value of £800,000. The services are classified under financial and insurance services, with delivery territories including the United Kingdom and other regions worldwide.

This opportunity could lead to significant business growth for financial institutions, particularly those specialising in banking and investment services. Companies with capabilities in managing investment accounts under joint signatory arrangements, as well as proficient banking services, would be well-positioned to compete. Additionally, with a focus on providing security and effective operation of these accounts, businesses that can demonstrate compliance with regulatory frameworks and have a strong operational history will likely find this tender appealing.

## Notice

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. We require a framework of banks whom our borrowers can approach in order to receive this service in a consistent manner. Please log into ProContract to download the documents which contain further details.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/3c2eaf23-6816-46c2-a925-3223826dce70 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 11 Dec 2018 |
| Submission deadline | 23 Nov 2018 |
| Future notice date | Not specified |
| Award date | 11 Dec 2018 |
| Contract period | 25 Dec 2018 - 1 Jan 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,200,000 |
| Lots value | Not specified |
| Awards value | £1,000,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY) |
| Locality | GATESHEAD |
| Post town | Newcastle upon Tyne |
| Postcode | NE11 0NA |
| Country | England |
| ITL 1 | TLC North East (England) |
| ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear |
| ITL 3 | TLC43 Tyneside |
| Local authority | Gateshead |
| Electoral ward | Lobley Hill and Bensham |
| Westminster constituency | Gateshead Central and Whickham |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | THE ROYAL BANK OF SCOTLAND |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services
- 66100000 - Banking and investment services
- 66110000 - Banking services
- 66120000 - Investment banking services and related services

## Release History

- 11 Dec 2018 at 15:48 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/3c2eaf23-6816-46c2-a925-3223826dce70
- 2 Nov 2018 at 15:27 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/ca5c3d29-8a66-431c-b5bc-68b3fd23ffed

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/3c2eaf23-6816-46c2-a925-3223826dce70
  11th December 2018 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/ca5c3d29-8a66-431c-b5bc-68b3fd23ffed
  2nd November 2018 - Opportunity notice on Contracts Finder

## Notice URLs

- https://www.gov.uk/government/organisations/homes-england

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-e55ff93c-da20-4f51-98ce-3428cf011074. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-e55ff93c-da20-4f51-98ce-3428cf011074.json.