3 Framework Agreements for Credit Reviewers

Tender description

The Credit Review Office provides an independent impartial credit review process to ensure that credit is not refused reduced or withdrawn from viable businesses with valid credit propositions. Tenders are now sought for services under 3 separate lots: Lot 1 - Credit Reviewers General; Lot 2 - Credit Reviewers Agricultural Sector; Lot 3 - Representational Mediators - Senior Reviewers. Each lot will be established as a multi-party framework agreement. 10 members will be appointed to lot 1, with 3 members being appointed to lots 2 and 3. The Credit Reviewer when assigned a case will review a range of documents. Following receipt of borrower and bank form, the reviewer is expected to commence the review within 2 days. Subject to receipt of any supplementary information deemed necessary, which can take time for the borrower to prepare and which may delay the review, the case report is written up on a standard template (typically 3 to 4 hours work) and will then be presented by the reviewer to the Credit Committee weekly meeting, normally held on Fridays (but this can be flexible) and lasting about an hour. Once the committee has considered and agreed the case, the reviewer will write up the final Opinion within 2-3 days (typically Opinion writing can take 3 to 4 hours work). Successful framework members must be available to attend and report at the offices of the Credit Review Office on a regular basis and timely basis as indicated above, or as otherwise agreed. The fees are set for each role as outlined in the tender document available to dowload from www.etenders.gov.ie.