United Kingdom-Darlington: Banking services
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Title | United Kingdom-Darlington: Banking services |
OJEU (High Value) | 622767-2020 |
Type | Invitation to tender |
Date Published | 2020-12-22 |
Deadline | 2021-01-27 12:00:00 |
Nature Of Contract | Service contract |
Awarding Authority | |
Procedure | Open procedure |
Description : |
I.1) Name and addresses: NUTS code: UK Communication I.3) Procurement documents (URL):https://suppliers.multiquote.com Additional Information I.3.4) Additional information can be obtained from: NUTS code: UK I.3.6)Tenders or requests to participate must be submitted electronically via: https://suppliers.multiquote.com I.3.8) to the above mentioned address I.4) Type of the contracting authority: BODY PUBLIC I.5.1) Main Activity: EDUCATION Darlington College — Refinancing of Bank Borrowing II.1.4) Short description Darlington College is seeking an organisation regulated by the PRA and FCA to refinance its bank borrowing. II.1.6) This contract is divided into lots: no NUTS code: UKC13 II.2.3.2) Main site or place of performance: Darlington. II.1.4) Short description Darlington College is seeking an Organisation regulated by the PRA and FCA to refinance its bank borrowing. • an organisation with experience of lending to the UK education sectors; • a organisation that will provide a nominated relationship manager and service team that has experience of the UK FE sector; • the ability to provide a fully credit and pricing backed proposal to this ITT; • able to complete the refinance/restructure of existing borrowing by 10 May 2021; • an online provision to meet the needs of the college. The College is considering refinancing its bank borrowing into one of the following 3 structures and seeks pricing and terms for each: Option 1, a GBP 3 million 5-year amortising loan with a 10-year repayment profile, option 2, a GBP 3 million revolving credit facility over 5 years, option 3 a GBP 3 million revolving credit facility over 3 years. II.2.5) Award criteria: II.02.07) Duration in months 60 II.2.7.5) This contract is subject to renewal: no II.2.10) Variants will be accepted: yes II.2.10.1) Variants will be accepted: yes The procurement is related to a project and/or programme financed by European Union funds): no III.1.1) List and brief description of conditions In the first instance, candidates should register with multiquote.com and express an interest in the contract. Contract details can be found under the 'Opportunities’ section of the multiquote.com homepage. A selection questionnaire (SQ) must be completed and returned (via multiquote.com) as part of the request to participate process. Candidates will need to provide as part of the request to participate process evidence of business quality standards, accreditations, and relevant experience. Any candidate found to be guilty of serious misrepresentation in proving false or inaccurate information may be declared ineligible and not selected to continue with the process. III.1.2.3) List and brief description of selection criteria In the first instance, candidates should register with multiquote.com and express an interest in the contract. Contract details can be found under the 'Opportunities’ section of the multiquote.com homepage. A selection questionnaire (SQ) must be completed and returned (via multiquote.com) as part of the request to participate process. Candidates will need to provide as part of the request to participate process evidence of business quality standards, accreditations, and relevant experience. Any candidate found to be guilty of serious misrepresentation in proving false or inaccurate information may be declared ineligible and not selected to continue with the process. III.1.2.4) Minimum level(s) of standards possibly required Minimum insurance levels: GBP 5 million PL and EL. III.1.3.2) List and brief description of selection criteria In the first instance, candidates should register with multiquote.com and express an interest in the contract. Contract details can be found under the 'Opportunities’ section of the multiquote.com homepage. A selection questionnaire (SQ) must be completed and returned (via multiquote.com) as part of the request to participate process. Candidates will need to provide as part of the request to participate process evidence of business quality standards, accreditations, and relevant experience. Any candidate found to be guilty of serious misrepresentation in proving false or inaccurate information may be declared ineligible and not selected to continue with the process. III.1.3.3) Minimum level(s) of standards possibly required Organisations that are regulated by the Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA). IV.1.1) Type of procedure: Open Notice number in the OJ S 2020/S 194-470515 IV.2.1) Time limit for receipt of tenders or requests to participate IV.2.2) Date 2021-01-27 IV.2.2) Local time 12:00 IV.2.7) Conditions for opening of tenders IV.2.7) Date 2021-01-27 IV.2.7) Local time 12:00 Additional Information: Section II.3) – dates refer to the initial contract period and do not include the options of any extensions. Section IV.3.5) – any dates shown are an estimate. In the first instance, candidates should register with www.multiquote.com and express an interest in the contract, full details of the contract will be available. The contracting authority shall not be under any obligation to accept any tender. The contracting authority reserves the right to cancel the entire or parts of the tender, without such an action conferring any right to compensation on the tenderers. The contracting authority has no liability to settle any cost incurred by the tenderer as a result of the tendering procedure. Review body: VI.4.3) Precise information on deadline(s) for review procedures The authority will incorporate a minimum 10 calendar day standstill period at the point that information on the award of the contract is communicated to tenderers. If an appeal regarding the award of contract has not been successfully resolved then the Public Contracts Regulations 2015 provide for aggrieved parties who have been harmed or are at risk of harm by breach of the rules to take action in the High Court. Any such action must be brought promptly (generally within 3 months). Date of dispatch of this notice : 2020-12-17 |
CPV Codes |
66110000; Banking services; |
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