Banking services from 2027

Summary

HOFOR is procuring banking services in two lots. The services include account management and account structures, cash pooling, payment services, online banking, integration with HOFOR’s financial systems and corporate cards. Foreign-exchange trading is also included; Lot 1 additionally covers guarantees and demand deposits. The contracts start on 1 January 2027 and initially run until 31 December 2030. HOFOR may extend each contract up to twice by 12 months, for a maximum term of six years. Lot 1 includes an optional DKK 100 million guarantee facility. Bidders may submit offers for both lots, but no bidder may be awarded more than one lot. Price carries 60% of the evaluation and quality 40%. Offers must be submitted electronically by 12:00 on 3 November 2026. Among other participation requirements, bidders must have a long-term credit rating equivalent to at least S&P BBB, hold G-SII or O-SII status, and provide at least three relevant references completed within the past three years. Further financial, technical-capacity and exclusion requirements are summarised below.