Official UK procurement notice
Homes England Charged Bank Account
Authority: Homes England (the name adopted by the Homes and Communities Agency) (Public body)
What is being bought
Published requirement descriptionHomes 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.
CPV: Financial and insurance services
How this framework works
From the published notice- Places
- up to 3 suppliers · 1 bids received (0.3 per place) · 1 appointed
The lotProcurement structure
single lot · no lot value publishedLot #1As security for our investments placed with borrowing entities, our borrowers are…Awarded
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.
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published sub-criteria (2)
- Price is not the only award criterion and all criteria are stated only in the procurement documents: 80%
- price: 20%
Published award criteria (2)
- Price is not the only award criterion and all criteria are stated only in the procurement documents: 80
- Price: 20
- Price carries 100 of 100 points: a 10% discount moves about 10 points. This one is won on the number: sharpen the price before polishing the prose.
- “Homes England Charged Bank Account” is a framework: the contest is a place on its panel, up to 3 suppliers, not a single contract.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Framework agreement
- Who may use this agreement
- Not stated in the notice; call-off rights may be limited to the establishing authority
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 12 Aug 2022, 14:43 BST
- Last source update
- 30 May 2023, 13:23 BST
- Award evaluation window
- 16 Sept 2022 – …
- Authority reference
DN627996- FTS notice number
2023/S 000-015257- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-035b6cFind a Tender
How it was run
Official notice- Appointment period ends
- 16 Sept 2022, 12:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bids opened
- 16 Sept 2022, 13:00 BST
Timeline
16 Sept 2022 → 30 May 2023 · 3 dates- Admission / appointment period endsperiod end, not a bid countdown16 Sept 2022, 12:00 BST
- Bids opened16 Sept 2022, 13:00 BST
- Notice published30 May 2023, 13:23 BST
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete30 May 2023, 13:23 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast1 suppliers are admitted to this framework without individual award values or dates, see the supplier list below.
Contracts
Homes England Charged Bank Account
- Signed
- 16 Nov 2022
- Value
- £200,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 1bids · 1 electronic · 1 from abroad | 0 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Royal Court of JusticeReview body
Framework contractors & participating bidders
1 commercial party on the notice- National WestminsterFramework contractor
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.