Money Market Deposit Services Framework
The Northern Ireland Housing Executive wants to put in place a Framework agreement for a maximum of 6 service providers for the provision of Money Market deposit facilities.
United Kingdom-Belfast: Financial and insurance services
Section I: Contracting authority
I.1)Name, addresses and contact point(s)
Northern Ireland Housing Executive
6th Floor, Housing Centre, 2 Adelaide Street
For the attention of: James McErlean
BT2 8PB Belfast
Telephone: +44 2890318676
General address of the contracting authority: http://www.nihe.gov.uk
Electronic access to information: https://e-sourcingni.bravosolution.co.uk/web/login.shtml
Electronic submission of tenders and requests to participate: https://e-sourcingni.bravosolution.co.uk/web/login.shtml
Further information can be obtained from: The above mentioned contact point(s)
Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: The above mentioned contact point(s)
Tenders or requests to participate must be sent to: The above mentioned contact point(s)
I.2)Type of the contracting authority
I.4)Contract award on behalf of other contracting authorities
Section II: Object of the contract
II.1.1)Title attributed to the contract by the contracting authority:
II.1.2)Type of contract and location of works, place of delivery or of performance
Service category No 6: Financial services a) Insurances services b) Banking and investment services
NUTS code UKN
II.1.3)Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)
II.1.4)Information on framework agreement
maximum number of participants to the framework agreement envisaged: 6
Duration of the framework agreement
Duration in years: 4
II.1.5)Short description of the contract or purchase(s)
— The facility to place funds on money market deposit.
— The duration of the deposit can vary from overnight to 12 months but tends to be up to 30 days.
— Fixed rates for the duration of the deposit are required.
— Any investment proposed must be based on return of all capital invested plus interest.
— In 2013/14 there were approximately 300 deposits totalling GBP 1 500 million.
Sources of income for the Housing Executive are primarily rents from tenants of its almost 90 000 homes and deficit grant. At times during the year, income from rent exceeds expenditure, thereby creating temporary surplus funds. In-line with good stewardship practices, the Housing Executive places such excess funds on the Money Market for periods usually not exceeding 30 days.
II.1.6)Common procurement vocabulary (CPV)
66000000, 66100000, 66110000, 66112000
II.1.9)Information about variants
Section III: Legal, economic, financial and technical information
III.1.4)Other particular conditions
Description of particular conditions: Please see tender documents for full details.
Section IV: Procedure
IV.1.1)Type of procedure
IV.2.2)Information about electronic auction
IV.3.1)File reference number attributed by the contracting authority:
IV.3.2)Previous publication(s) concerning the same contract
IV.3.4)Time limit for receipt of tenders or requests to participate
IV.3.6)Language(s) in which tenders or requests to participate may be drawn up
Section VI: Complementary information
VI.4.1)Body responsible for appeal procedures
VI.4.2)Lodging of appeals
VI.5)Date of dispatch of this notice: