Dáil Éireann Debate, Thursday - 26 January 2012
69 Deputy Clare Daly asked the Minister for Finance the way the panel of 16 advisers from the financial services sector was appointed by the National Asset Management Agency to assist loan disposals; the companies involved; if he will give details of the specific role of each company and the remuneration they will each receive. [4630/12]
View answerI am informed by NAMA that the procurement competition for appointment to a panel for the Provision of Credit Verification Services (Investigations) to the National Asset Management Agency (NAMA) was advertised on www.etenders.gov.ie on 28th September 2011 and subsequently in the Official Journal of the European Union (OJEU). The methodologies and award criteria used to select the advisers were contained in the request for proposals document, which is published on www.etenders.gov.ie under the reference number SEP271616. A Contract Award notice was published on www.etenders.gov.ie on 13th January 2012 under the reference number JAN302695 and subsequently in the Official Journal of the European Union (OJEU), setting out those who were successfully appointed to the panels under the framework.
With regard to remuneration, I am informed by NAMA that each tenderer was asked to provide the percentage fee which it would charge based on the value of the sale price it would receive on a loan sale and any arrangement fee that may apply. Significant competitive tension in respect of fees was created by virtue of 30% of the marks being allocated to fees. In addition, under the rules of the framework tenderers may be asked to re-compete on fees. No services have been called off the framework to-date, however, NAMA has assured me that, given the scale of fees quoted by the successful tendering parties, it is confident of achieving value for money.
