Source: https://tendernation.io/opportunities/01a13c30-5450-7379-be5b-494e0e0e74fe/investments-account-bank

awarded GB open procedure

# Investments Account Bank

[Homes England (the name adopted by the Homes and Communities Agency)](https://tendernation.io/buyers/homes-england-the-name-adopted-by-the-homes-and-communities-agency)

Estimated value

£800,000 to £1,200,000

Published

2 Nov 2018

Deadline

Closed

23 Nov 2018

## Who can bid

- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

## About this tender

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.

We require a framework of banks whom our borrowers can approach in order to receive this service in a consistent manner.

Please log into ProContract to download the documents which contain further details.

## CPV classification

Financial and insurance services

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/e55ff93c-da20-4f51-98ce-3428cf011074)

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[Buyer profile Homes England (the name adopted by the Homes and Communities Agency): past awards and live tenders](https://tendernation.io/buyers/homes-england-the-name-adopted-by-the-homes-and-communities-agency) [Sector More Financial & insurance services tenders](https://tendernation.io/sectors/financial-insurance-services)

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