Published date: 12 August 2022
Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.
Contract summary
Industry
Financial and insurance services - 66000000
Banking and investment services - 66100000
Banking services - 66110000
Investment banking services and related services - 66120000
Location of contract
England
Value of contract
£0
Procurement reference
HCA001-DN627996-64013073
Published date
12 August 2022
Closing date
16 September 2022
Closing time
12pm
Contract start date
1 January 2023
Contract end date
1 January 2025
Contract type
Service contract
Procedure type
Open procedure
Any interested supplier may submit a tender in response to an opportunity notice.
Contract is suitable for SMEs?
No
Contract is suitable for VCSEs?
No
Description
As security for our investments placed with borrowing entities, our borrowers are required to secure to us the bank account through which they receive and recycle sales proceeds on their development. The accounts are secured to us through a fixed charge and assignment, most often through a debenture over all company books and assets. The accounts are opened by our borrowers (in their own name) but are to be operated on a joint signatory basis between Homes England and the borrower, in the absence of any enforcement action.
A notice of charge and assignment is served by the borrower upon the bank and requires acknowledgement to Homes England and the borrower of the content within - notably signatory requirements and waiver of any right of set-off over the account.
About the buyer
Contact name
David Minto
Address
The Lumen
St James Boulevard, Newcastle Helix
Newcastle upon Tyne
NE4 5BZ
United Kingdom
Telephone
+44 1914977667
david.minto@homesengland.gov.uk
Website
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Closing: 16 September 2022, 12pm
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