Open competition
Open procedure: the contract was advertised and any supplier could submit a bid.
Key facts
- Buyer
- Invest Northern Ireland · Body governed by public law
- Supplier
- Ulster Community Finance Ltd. SME
- Value
- £2,700,000
- Procedure
- Open procedure
- Sector
- Financial & insurance services · Banking and investment services (CPV 66100000)
- Region
- Northern Ireland
- Official notice
- 029742-2024 on Find a Tender
- Timeline
-
- Contract date17 Sep 2024
- Published17 Sep 2024Published the same day
Description
Invest NI is seeking to appoint a fund manager to manage and deliver NISBLF III on behalf of Invest NI for a ten-year period with an option to extend for two periods of 1 year, if required at the end of the fund, to exit from the loan book in an orderly fashion. Additional information: The figure indicated in Section II 1.5 represents an estimated contract value. This value reflects thepotential scale of the contract and takes into account potential optional extension periods and the uptake of potential optional servicesas detailed in the tender documents. This figure does not however take into account the application of indexation. Neither CPD nor theAuthority can provide any guarantee as to the level of business under this contract. The Contracting Authority does not bind itself toaccept the lowest or any tender. Economic Operators remain responsible for all costs and expenses incurred by them or by any thirdparty acting under instructions from the Economic Operator in connection wi…
About the supplier
Ulster Community Finance Ltd.: every public contract they have won.