II.1)
Scope of the procurement
CONTRACT FOR THE PROVISION OF BANKING SERVICES TO HORSE RACING IRELAND AND SUBSIDIARIES
Reference number:
Banking Services
66110000
-
Banking services
Services
II.1.4)
Short description
Horse Racing Ireland (HRI) was established by the Irish Government under the Horse and Greyhound Racing Act 2001 and the Irish Horseracing Industry Act 1994. It is a commercial semi-state body that is responsible for the administration, promotion and development of Horse Racing in Ireland.
The successful tenderer will be providing retail banking services to Horse Racing Ireland which includes its subsidiaries Tote Ireland Ltd, Irish Thoroughbred Marketing Ltd along with the HRI Racecourse Division with a proviso that additional subsidiaries or associates may be added to the package at some point in the future. Please see the attached document for a full specification.
II.1.5)
Estimated total value
Value excluding VAT: 250000.00
EUR
II.1.6)
Information about lots
This contract is divided into lots:
no
II.2.2)
Additional CPV code(s)
66100000
-
Banking and investment services
66120000
-
Investment banking services and related services
II.2.3)
Place of performance
Main site or place of performance:
Ireland
II.2.4)
Description of the procurement
Horse Racing Ireland (HRI) was established by the Irish Government under the Horse and Greyhound Racing Act 2001 and the Irish Horseracing Industry Act 1994. It is a commercial semi-state body that is responsible for the administration, promotion and development of Horse Racing in Ireland. HRI subsidiaries include Irish Thoroughbred Marketing Ltd (ITM), Tote Ireland Ltd and HRI Racecourse Division consisting of Leopardstown Racecourse, Fairyhouse Racecourse, Navan Racecourse, Tipperary Racecourse and Leopardstown Golf Centre. HRI Headquarters are located in Ballymany, Newbridge, Co Kildare.
Horse Racing Ireland’s main aim for this tender is:
- A reduction in the cost of transactional banking processes through the minimisation of fees and charges.
- A secure, reliable and efficient service with documented and measurable performance criteria
- To acquire value added banking services.
- To provide for a modern and future proof way of banking
Although tendering for the provision of banking services, Horse Racing Ireland reserves the following:
- The right to invest cash with other institutions as it sees fit;
- The right to avail of loan facilities from other institutions as it sees fit.
The successful tenderer will be providing retail banking services to Horse Racing Ireland which includes its subsidiaries Tote Ireland Ltd, Irish Thoroughbred Marketing Ltd along with the HRI Racecourse Division with a proviso that additional subsidiaries or associates may be added to the package at some point in the future. Please see the attached document for a full specification.
Price is not the only award criterion and all criteria are stated only in the procurement documents
Value excluding VAT: 250000.00
EUR
II.2.7)
Duration of the contract, framework agreement or dynamic purchasing system
Duration in months:
120
This contract is subject to renewal:
yes
Description of renewals:
In the first instance, a contract of five (5) years’ duration with an option to extend up to ten (10) years will be awarded to the successful tenderer emerging form this competitive process.
II.2.10)
Information about variants
Variants will be accepted:
no
II.2.11)
Information about options
Options:
yes
Description of options:
In the first instance, a contract of five (5) years’ duration with an option to extend up to ten (10) years will be awarded to the successful tenderer emerging form this competitive process.
II.2.13)
Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
no