Published date: 2 November 2018

This notice was replaced on 11 December 2018

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 11 December 2018)

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

Any region

Value of contract

£800,000 to £1,200,000

Procurement reference

HCA001-DN374725-74550644

Published date

2 November 2018

Closing date

23 November 2018

Contract start date

1 January 2019

Contract end date

1 January 2023

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.

We require a framework of banks whom our borrowers can approach in order to receive this service in a consistent manner.
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About the buyer

Contact name

Katie Dawson

Address

St. Georges House
Kingsway
Gateshead
NE11 0NA
England

Telephone

+44 1914977608

Email

Katie.Dawson@homesengland.gov.uk

Website

https://www.gov.uk/government/organisations/homes-england