To appoint a single banking provider for a contract period of 5 years, with a further option of 2 years.
Reference number:LG000524-Banking Contract
03/10/2014
This deadline is for…Deadline for Expression of Interest
£0 – £10,000
Location where the contract is to be carried out:United KingdomUNITED KINGDOM,
Name of the buying organisation:Local Government Association
Original source URL
Description of the contract
Objective of this exercise: To appoint a single banking provider for a contract period of 5 years, with a further option of 2 years. Mandatory Qualification QuestionsPlease note that all questions require completion. Failure to complete any question will disqualify your organisation.Mandatory qualifying questions This section sets out 4 mandatory questions which require a yes/no answer. If any answers are ‘No’ , do not complete the rest of the Tender Application as your organisation will fail to pass the minimum requirements for this tender.1. Is your organisation included on the current list of banks or the current list of building societies, as published monthly by the Bank of England?The relevant document can be accessed here:http://www.bankofengland.co.uk/pra/Pages/authorisations/banksbuildingsocietieslist.aspxYes / No 2 Has your country of regulatory domicile currently been awarded a sovereign credit rating in the “AA” category, or better, from at least one of Standard & Poor’s / Moody’s / Fitch? Yes / No 3 Did your organisation have a Tier 1 capital ratio (CET1 ratio – as measured by Basel 2.5 or Basel 3 criteria) of greater than 10.0% at your latest financial year-end? Yes / No 4 Does your organisation have Public Liability Insurance and Employers Liability Insurance in place of at least £5 million for each? Yes / No If you have answered ‘yes’ to all above questions please contract Tracey Blackman on tracey.blackman@local.gov.uk
How to apply
LG000524-Banking Contract – Extension to tender exercise and upload of LG000524-Banking Contract Terms and Conditions document. Closing date extension, new closing date is now Friday 17th October 2014, 17.00 hrs. New documentation uploaded detailing Correct LG000524-Banking Contract Terms and Conditions.