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United Kingdom-East Kilbride: Foreign economic-aid-related services
Prior information notice
This notice is for prior information only
Section I: Contracting authority
Section II: Object
Third Party Money Fund Management.
The Supplier will provide secure banking and fund distribution services to DFID and its partners. The primary funding being held in the project accounts will be non DFID funds however there will be a requirement on occasion to receive and disburse DFID funds on a ‘just in time’ basis. The currency of accounts will mostly be in the major currencies of GBP, US$ and EURO however the provider should be positioned to manage various other currencies. The Supplier will have to monitor and report activities in line with DFID requirements, which will include separate reporting for each donor's funds, verifications in relation to the opening and closing of accounts, disbursements of funds and reports in relation to all aspects of account management.
This is a prior information notice (pin) to advertise an early market engagement only. publication and call for competition will be conducted once scope of work is fully defined and approved by the uk government.
DFID will be conducting an Early Market Engagement (EME) event on 15.12.2017 in East Kilbride. Through this EME, DFID aims to assess the interest and capability of potential Suppliers interested in this Procurement opportunity. The EME is unrestricted and open to suitably qualified Suppliers. The route to market is not yet known.
The EME process aims to promote discussion between interested parties and DFID in approaches for Fund Management. Parties interested in attending should register their interest by 13.12.2017. For full details and to find out how to register for the event please go to the DFID Supplier Portal at https://supplierportal.dfid.gov.uk/selfservice/ to login and search for the opportunity using the 4 digit reference number PO 8167. Suppliers are required to register on the DFID Supplier Portal to view all related communication. Attendees of the events must register via the following Survey Monkey link https://www.surveymonkey.co.uk/r/8167_THIRD_PARTY_MONEY_EME in order than we can arrange access to the event.
This is a prior information notice (pin) to advertise an early market engagement only.publication and call for competition will be conducted once scope of work is fully defined and approved by the uk government.
Section IV: Procedure
Section VI: Complementary information
Please note whilst the value of this procurement is estimated at 1 000 000 000 GBP over 5 years (3 year contract with option to extend for up to 2 years) the estimated value is broken down as follows:
Disbursements: 200 000 GBP p.a.
Supplier Management Fees: will be in addtion to the disbursements value p.a.