Banking services

Tender description

The Council is considering commissioning a service to support vulnerable persons and requires a provider to support the financial administration of deposit bond scheme, rent in advance payments and ongoing rent income and outgoings. The Council wishes to test the level of market interest in such a service before commencing any commissioning process. The proposed contract period will potentially be for 3 years with further 2 years extensions available. It is anticipated that the contract will begin on the 1.4.2020. The estimated contract value will be approximately 168 000 GBP over 5 years, this is based on a management fee of 4 % and rents being 70 000 GBP per month. Expressions of interest must be received by the 28.10.2019 12 p.m. The Council is considering commissioning a service to support vulnerable persons and requires a provider to support the financial administration of deposit bond scheme, rent in advance payments and ongoing rent income and outgoings. The Council wishes to test the level of market interest in such a service before commencing any commissioning process. The proposed contract period will potentially be for 3 years with 2 year extensions available. It is anticipated that the contract will begin on the 1.4.2020. The estimated contract value will be approximately 168 000 GBP over 5 years, this is based on a management fee of 4 % and rents being 70 000 GBP per month. The level of interest shown in this market consultation will support the council considering possible procurement routes. The estimated tender period is Dec 19 to Jan 2020. The currently envisaged service is set out in the draft specification which is attached to ProContract. This is indicative of only the Council’s current thinking regarding the service and may be subject to change pending the result of this PIN and other market consultations Expressions of interest must be received by the 28.10.2019 12 p.m. via procontract.