From time to time, the National Treasury Management Agency (NTMA) requires the assistance of specialist service providers. A key criterion in the selection of service providers by the NTMA is the extent to which they can provide value for money for the taxpayer.
The NTMA as a contracting authority is subject to EU Directive 2004/18/EC as implemented in Ireland by the European Communities (Award of Public authorities’ Contracts) Regulations 2006 (the “Regulations”), in respect of the procurement of goods, works and services above certain values (the “EU Thresholds”). The principles underpinning the Regulations are equal treatment, non-discrimination, mutual recognition, proportionality and transparency. Where the Regulations do not apply – either because the value of the procurement is below the EU Thresholds or falls outside of the Regulations – the NTMA adopts a competitive process designed to obtain the best value for money that can be achieved in a manner that is both fair and transparent. Information relating to NTMA tenders, including tender documentation, clarifications and changes, is published on the Irish government and public sector procurement website, eTenders