Third Party Fund Management

Official notice

Authority: Foreign, Commonwealth and Development Office (Central government)

ServicesOpen procedure

Sectors: Financial and insurance services (66) Delivery: UK

Budget not disclosedValue not published

Submissions closed 21 Mar 2024

What is being bought

Published requirement 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.

CPV: Banking services

The lotProcurement structure

single lot · no lot value published

Lot #1Renewal

Delivery: UK

Extensions: 3 years with possible 2 one yr extensionsVariant bids: not allowed

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: Closed
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Competitive procedure
GPA / WTO covered: Yes (GPA)
Recurring procurement: Yes
First published: 20 Feb 2024, 18:12 GMT
Last source update: 20 Feb 2024, 18:12 GMT
Award evaluation window: 21 Mar 2024 – …
FTS notice number: 2024/S 000-005580
Classification (CPV): Banking services
Delivery area: UK
Official registry OCID: ocds-h6vhtk-043b96 Find a Tender

Contract terms

Electronic trading: e-invoicing allowed · electronic ordering · electronic payment

How it was run

Official notice

Run through: Jaggaer · Who buys & how to bid on JAGGAER

Supplier login requiredLanguage: EN

Access & registration note: Free; latest Chrome/Edge/Firefox only — corporate browsers fail

Tender documents are also served through a separate tool: https://fcdo.bravosolution.co.uk/web/login.html ↗

Submission deadline: 21 Mar 2024, 17:00 GMT
Submission channel: {"electronicSubmission","written"}
Accepted languages: en
Bids opened: 21 Mar 2024, 18:00 GMT

Detailed submission instructions & authority contactsFrom official release

fcdo.bravosolution.co.uk/web/login.html ↗

Timeline

20 Feb 2024 → 21 Mar 2024 · 3 dates

Notice published
20 Feb 2024, 18:12 GMT
Submission deadline
21 Mar 2024, 17:00 GMT
Bids opened
21 Mar 2024, 18:00 GMT

Contracting authority & participating public bodies

Foreign Commonwealth and Development Office

Contracting authorityCentral GovernmentMinistry or any other national or federal authority, including their regional or local subdivisionsGeneral public services King Charles Street, London, UK, SW1A 2AHContact email Published organisation website ↗

Dispute resolution & review bodies

Centre for Effective Dispute Resolution (CEDR)Review body London

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.