DFID Tender for Third Party Fund Management
The Supplier will be required to recieve Third Party Money funds into named project accounts and when required disburse those funds.
United Kingdom-East Kilbride: Foreign economic-aid-related services
Section I: Contracting authority
I.1)Name and addresses
Abercrombie House, Eaglesham Road
Contact person: Jan Gillon
Telephone: +44 1355843292
NUTS code: UKM95
Address of the buyer profile: https://www.gov.uk/government/organisations/department-for-international-development/about/procurement
I.4)Type of the contracting authority
Section II: Object
Third Party Money Fund Management
II.1.2)Main CPV code
II.1.3)Type of contract
DFID seek to engage a Supplier who will provide secure banking and fund distribution services to DFID and its partners. The Supplier will be required to recieve Third Party Money (TPM) funds into named project accounts and when required disburse those funds. Please note the estimated value is 90 000 GBP over 3 years with an estimated fund disbursement value of 200 000 000 GBP from various donors which will require to be managed by the supplier.
II.1.5)Estimated total value
II.1.6)Information about lots
II.2.3)Place of performance
II.2.4)Description of the procurement:
The supplier will provide secure banking and fund distribution services to DFID and its partners. The primary funding being held in the project accounts will be non-DFID funds however there will be a requirement on occasion to receive and disburse DFID funds on a “just in time” basis. The currency of accounts will mostly be in the major currencies of GBP, USD and EUR however the provider should be positioned to manage various other currencies. The supplier will have to monitor and report activities in line with DFID requirements, which will include separate reporting for each donor’s funds, verifications in relation to the opening and closing of accounts, disbursements of funds and reports in relation to all aspects of account management. The estimated value is 90 000 GBP over 3 years with an estimated fund disbursement value of 200 000 000 GBP from various donors which will require to be managed by the supplier.
II.2.7)Duration of the contract, framework agreement or dynamic purchasing system
It is expected that the contract will be for a period of 3 year (36 months) initially with the option for 2 further 1 year (12 months) extension, subject to a review of DFID’s requirements.
II.2.10)Information about variants
II.2.11)Information about options
II.2.13)Information about European Union funds
The Authority expressly reserves the right:
(i) not to award any contract as a result of the procurement commenced by the publication of this notice; and
(ii) to make whatever changes it may see fit to the content and structure of the tendering competition and in no circumstances will the authority be liable for any costs incurred by the candidates.
Section III: Legal, economic, financial and technical information
III.1.2)Economic and financial standing
III.1.3)Technical and professional ability
Section IV: Procedure
IV.1.1)Type of procedure
IV.1.8)Information about the Government Procurement Agreement (GPA)
IV.2.1)Previous publication concerning this procedure
IV.2.2)Time limit for receipt of tenders or requests to participate
IV.2.4)Languages in which tenders or requests to participate may be submitted:
IV.2.6)Minimum time frame during which the tenderer must maintain the tender
IV.2.7)Conditions for opening of tenders
Department for International Development, East Kilbride.
Jan Gillon, Alito Procurement System.
Section VI: Complementary information
VI.1)Information about recurrence
The recipient of the service will be DFID, other development partners and implementers / fund recipients; including other governments agencies and multilateral organisations. DFID and our development partners will receive secure banking services and periodic and ad-hoc reports, implementers / fund recipients will receive funding in the form of disbursements from the project accounts and relevant reports .The estimated value is 90 000 GBP over 3 years with an estimated fund disbursement value of 200 000 000 GBP from various donors which will require to be managed by the supplier.
VI.4.2)Body responsible for mediation procedures
VI.5)Date of dispatch of this notice: