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Buy nowThe City of Mbombela seeks a banking institution to provide comprehensive banking services for a five-year period. Bidders must be licensed and demonstrate local infrastructure to meet municipal financial needs.
The City of Mbombela invites bids from registered banking institutions for the provision of comprehensive banking services over a five-year contract. Eligible bidders must be licensed under the Banks Act and compliant with the National Credit Act. The successful institution will be expected to provide a range of banking services, including account management, electronic funds transfers, and investment solutions, tailored to meet the city's operational requirements.
Bidders must demonstrate the availability of a local branch or agency network, equipped with the necessary infrastructure and systems to effectively support the banking and transactional needs of the City of Mbombela. The tender process emphasizes compliance with the Municipal Finance Management Act and the Preferential Procurement Policy Framework, ensuring that the selected institution aligns with the city's financial governance frameworks. The evaluation will consider functionality, quality, and cost-effectiveness, with a preference point system applied to promote specific socio-economic goals.
This tender is suitable for licensed banking institutions with a proven track record in providing comprehensive banking services, particularly those with established local branches and the capacity to meet municipal financial requirements.