Tender Notices

Provision of Interest Income and the Related Banking Services for Deposits of Government Revenue (for a period of 60 months)

Tender Reference	TRY/TAB/BANK/05
Procuring Department	The Treasury
Subject	Provision of Interest Income and the Related Banking Services for Deposits of Government Revenue (for a period of 60 months)
Essential Requirements	Banks which meet the following requirements are invited to tender – (a)   It must be a bank (other than a restricted licence bank or a deposit-taking company) which holds a valid banking licence        granted by the Hong Kong Monetary Authority under Section 16 of Banking Ordinance (Cap. 155); and (b)   It must comply with any one of the requirements set out in (i) to (iii) below –        (i) it is a note-issuing bank of Hong Kong; or        (ii) if it is not a note-issuing bank of Hong Kong and is incorporated in Hong Kong, it must have a minimum total assets                     value of HK$35 billion (i) as at its latest financial year end date which must be within eighteen months before 24 May             2024; or (ii) at its incorporation if the tenderer is newly established; or        (iii) if it is not a note-issuing bank of Hong Kong and is incorporated outside Hong Kong, it must maintain its long-term              foreign currency deposit rating at A1 or above as assessed by Moody’s Investors Service, or long-term foreign currency              issuer rating at A+ or above as assessed by S&P Global Ratings, which rating must still be valid as at 24 May 2024; and (c)   It or its sub-contractor, if applicable, must hold a valid Type II Security Company Licence issued under the Security and        Guarding Services Ordinance (Cap. 460) for providing Deposit Pick-ups and Cash Transportation Services as specified in the        tender documents. Such licence must be valid as at 24 May 2024.
Collection of Tender Documents	Treasury Accountant (Revenue & Accounting Support)2, Revenue and Accounting Support Division, The Treasury 19/F., Treasury Building, 3 Tonkin Street West, Cheung Sha Wan, Kowloon, Hong Kong
Enquiries	Telephone Number: 3847 8916, Fax Number: 2824 1805, Email Address: taras2@try.gov.hk.
Closing Date/Time	12:00 noon (Hong Kong time) on Friday, 24 May 2024
Submission of Tenders	Tenders must be clearly marked with the tender reference and the subject of the tender on the outside of the envelope (but should not bear any indication which may relate the tender to the tenderer), addressed to the Chairman, Central Tender Board. Tenders must be deposited, in triplicate, in the Government Secretariat Tender Box situated at the Lobby of the Public Entrance on the Ground Floor, East Wing, Central Government Offices, 2 Tim Mei Avenue, Tamar, Hong Kong (“Specified Tender Box”) before 12:00 noon (Hong Kong time) on Friday, 24 May 2024. Late tenders or tenders not deposited in the Specified Tender Box will not be accepted. If typhoon cyclone signal No. 8 or above is hoisted, or black rainstorm warning signal or “extreme conditions” announced by the Government is/are in force at any time between 9:00 a.m. and 12:00 noon on 24 May 2024, the tender closing time will be postponed to 12:00 noon on the first working day after the tropical cyclone signal No. 8 is lowered, or the black rainstorm warning signal or the “extreme conditions” announced by the Government has/have ceased to be in force. In case of blockage of the public access to the location of the Specified Tender Box at any time between 9:00 a.m. and 12:00 noon on 24 May 2024, the Government will announce extension of the tender closing time until further notice. Following removal of the blockage, the Government will announce the extended tender closing time as soon as practicable. The above announcements will be made via press releases on the website of Information Services Department (https://www.info.gov.hk/gia/general/today.htm).
Remarks	(1)  This tender is covered by the Agreement on Government Procurement of the World Trade Organization and will not involve electronic auction. This notice also serves as a summary notice required under the Agreement on Government Procurement of the World Trade Organization. (2)  The Government of the Hong Kong Special Administrative Region does not bind itself to accept the tender with the highest net revenue or the tender with the highest combined score or any tender, and reserves the right to negotiate with any tenderer about the terms of the offer. (3)  Details of the award of this contract will be published in the Government of the Hong Kong Special Administrative Region Gazette and on the Internet at (https://www.gld.gov.hk/en/our-services/procurement/contract-award-notice/).

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Please access “Government Logistics Department – Procurement and Contract Management System” for the information of Contract Award Notices.

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