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ClosedFind a Tender · tender

Third Party Fund Management

Buyer: Foreign Commonwealth and Development Office →

Participate on fcdo.bravosolution.co.uk ↗External submission platform

BuyerForeign Commonwealth and Development Office
StatusClosed
Deadline21 Mar 2024
ValueValue not published
Published20 Feb 2024

What is being bought

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.

Delivery location

UK

Categories

Banking services 66110000

Lot details

Lot 1

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.

Statusactive

What is included

ItemCategoryQuantity
1Not publishedNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 66. The category anchor is Banking services (66110000); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 662,7583 median · 17.2 average (1,186 of 2,758 with a bid count)2.5 average (1,318 of 2,758 with named award suppliers)Not published
Same buyer703 median · 3 average (49 of 70 with a bid count)1 average (50 of 70 with named award suppliers)Not published
Delivery region: UK8945 median · 28.1 average (350 of 894 with a bid count)3.3 average (389 of 894 with named award suppliers)Not published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementYes
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byGPA
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Documents & submission route

No documents are published in the current source record.

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-043b96
Latest release ID005580-2024
Latest release timestampTue Feb 20 2024 18:12:35 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statusactive
Procurement methodopen
Procurement method detailsOpen procedure
Main procurement categoryservices
Above thresholdNot published
Legal basis32014L0024
Tender period: startNot published
Tender period: end2024-03-21T17:00:00Z
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: start2024-03-21T18:00:00Z
Award period: endNot published
Submission method detailshttps://fcdo.bravosolution.co.uk/web/login.html
Submission languagesen
Electronic catalogue policyNot published
Total tender valueNot published
Tender lots in source1
Tender items in source1
Tender documents in source0
Awards in latest release0
Contracts in latest release0
Parties in latest release2

Notice history

DateEventReference
20 Feb 2024tender005580-2024

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
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  "tag": [
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  "date": "2024-02-20T18:12:35Z",
  "ocid": "ocds-h6vhtk-043b96",
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    "id": "GB-FTS-131",
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  },
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        "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.\nThe 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.",
        "contractPeriod": {
          "durationInDays": 1080
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        "submissionTerms": {
          "variantPolicy": "notAllowed"
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    ],
    "items": [
      {
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          {
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    ],
    "title": "Third Party Fund Management",
    "status": "active",
    "coveredBy": [
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    ],
    "bidOpening": {
      "date": "2024-03-21T18:00:00Z"
    },
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "awardPeriod": {
      "startDate": "2024-03-21T18:00:00Z"
    },
    "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.\nThe 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.",
    "tenderPeriod": {
      "endDate": "2024-03-21T17:00:00Z"
    },
    "communication": {
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    },
    "contractTerms": {
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    },
    "hasRecurrence": true,
    "classification": {
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      "scheme": "CPV",
      "description": "Banking services"
    },
    "submissionTerms": {
      "languages": [
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    },
    "submissionMethod": [
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    ],
    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "submissionMethodDetails": "https://fcdo.bravosolution.co.uk/web/login.html",
    "procurementMethodDetails": "Open procedure"
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  "parties": [
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      "address": {
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        "postalCode": "SW1A 2AH",
        "countryName": "United Kingdom",
        "streetAddress": "King Charles Street"
      },
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        "classifications": [
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        "email": "CPG.Enquires@fcdo.gov.uk"
      }
    },
    {
      "id": "GB-FTS-8676",
      "name": "Centre for Effective Dispute Resolution (CEDR)",
      "roles": [
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      "address": {
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    }
  ],
  "language": "en",
  "initiationType": "tender"
}
Complete JSON history (1 releases)
20 Feb 2024 · 005580-2024 · tender
{
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        "contractPeriod": {
          "durationInDays": 1080
        },
        "submissionTerms": {
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    "items": [
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          {
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    ],
    "title": "Third Party Fund Management",
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    "bidOpening": {
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    },
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      "id": "32014L0024",
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    "awardPeriod": {
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    "tenderPeriod": {
      "endDate": "2024-03-21T17:00:00Z"
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    "communication": {
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    "contractTerms": {
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      "hasElectronicOrdering": true,
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    "classification": {
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        "postalCode": "SW1A 2AH",
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        "streetAddress": "King Charles Street"
      },
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        "legalName": "Foreign Commonwealth and Development Office"
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    {
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      "name": "Centre for Effective Dispute Resolution (CEDR)",
      "roles": [
        "reviewBody"
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      "address": {
        "locality": "London",
        "countryName": "United Kingdom"
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      "identifier": {
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    }
  ],
  "language": "en",
  "initiationType": "tender"
}