Homes England Charged Bank Account

A Tender Notice
by HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)

Source
Find a Tender
Type
Framework (Services)
Duration
23.5 month
Value
___
Sector
BUSINESS
Published
12 Aug 2022
Delivery
To 05 Sep 2024 (est.)
Deadline
16 Sep 2022 11:00

Concepts

Location

United Kingdom:

Geochart for 1 buyers and 0 suppliers

1 buyer

Description

Homes England are looking to procure a charged bank account service using defined minimum criteria which enables Homes England to be co-signatory alongside customers using an online platform.

Total Quantity or Scope

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.

Renewal Options

Option to extend by 2 12 month periods

CPV Codes

  • 66000000 - Financial and insurance services
  • 66100000 - Banking and investment services
  • 66110000 - Banking services
  • 66120000 - Investment banking services and related services

Indicators

  • This is a one-off contract (no recurrence)
  • Options are available.
  • Renewals are not available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. **

Reference

Domains