The tender contest concerns parallel framework agreements for ordinary municipal loans (debenture loans) in Moss municipality. The procurement will also include any refinancing of existing debenture loans and refinancing of loans in the bonds and certificate market. The framework agreement will not include loans in the obligation/certificate market. The procurement does not include forward rate agreements.
The Contracting Authority would like to enter into parallel framework agreements with 3-4 tenderers, provided that there are a sufficient number of suitable tenderers and tenders.
The contract period is 2 years The Contracting Authority has a unilateral right to prolong the agreement with 1 year at a time up to 2 times (the maximum agreement period is 4 years).
The participants shall raise the debenture loans from the providers whom the framework agreement are entered into, and the selected providers are obliged to respond to the loan request in accordance with the framework agreement. The provider is free to evaluate own lending options, but must nevertheless respond to the loan request.
In case of call-offs against the framework agreement(s), each municipality must be liable as a joint contractor for implementation of the delivery.
Call-offs/loans will be undertaken after a ‘mini competition’ between the framework agreement providers, where the choice of provider will be based on the price of the loan (effective interest rate) for each assignment.
The Contracting Authority is free to request certificate and/or obligation loans parallel to debenture loans. The municipality can choose to use the certificate or obligation market if this is the most appropriate as regards price.
Tenderers must be able, however, to offer breadth in the interest rate terms. All loans shall be given in NOK. There shall not be any foreign exchange risk in these loans.
Procedure for implementation of mini-contests:
All providers included in the framework agreement will be invited to participate. The Contracting Authority sends out enquiries in the at all time most appropriate manner. The Contracting Authority shall be able to obtain loan offers with varying lending terms, where the price (effective interest rate) of comparable terms is the sole award criterion.
The Contracting Authority's enquiry shall as a minimum state:
— Amount;
— Term;
— Instalments or possibly exemption from repayment;
— Loan type;
— Deadline;
— Interest rate adjustment/conditions;
— Payment date;
— Possibly reservations;
— Contact person.
Lending enquiries shall immediately be confirmed by the provider by e-mail. The offer shall state both the effective and nominal value of the interest rate. The used interest rate calculation method shall be stated.
Offer, accept and signing shall be made immediately. The bank is nevertheless bound by the offer to the end of the day of the enquiry, on less otherwise agreed upon.
The Contracting Authority uses Mercell Sourcing Service. To express your interest and gain access to any documents, please click on the link below or copy and paste the link into your browser (http://permalink.mercell.com/59476196.aspx). Then follow the instructions on the website.