National Bank Suppliers
- Quality of services/products;
- Competitive prices;
- Experience and competence;
- Financial soundness;
- Flexibility and capacity to meet the Bank's requirements, in particularly for proposed timetables;
- Compliance with legal requirements (e.g., insurance, code of ethics, confidentiality);
- Professional reputation and references;
- Online procurement.
Suppliers must also undertake to comply with the principles set out in the National Bank's Supplier Code of Conduct.
The Bank business unit makes its decision by taking all relevant factors into account.
For each procurement activity carried out by the Bank, only those suppliers that the Bank deems best able to meet its needs will be contacted. The presentation of a proposal by a supplier therefore does not oblige the Bank to acquire the product or service from that supplier.
At times, the Bank may decide to send information requests to eligible suppliers with the aim of obtaining more detailed information on their products and/or services or about a particular market. The Bank sometimes may also decide to send requests for proposal by inviting all or some of the suppliers offering the desired products and/or services to submit a bid. In either case, the Bank shall be free to contact and/or negotiate with the suppliers of its choice. The information request, and request for proposal processes shall not, in themselves, create any rights for the suppliers or obligation on the Bank.
For a request for proposal, the Bank may accept or reject, in whole or in part, a proposal, the Bank will not have to provide a reason or explanation to support its decision. Furthermore, the Bank shall not be required to enter into an agreement with the supplier chosen. The Bank's sole obligation in such a situation shall be to negotiate in good faith with the chosen supplier with the aim of arriving, insofar as possible, at the conclusion of an agreement.
Finally, the Bank shall not be required to repay or in any way assume the expenses that a supplier may be required to incur during the steps contemplated herein, such as preparing a bid or presenting additional information on its bid, proposal and/or products and services to the Bank. The supplier is and shall remain solely and completely responsible for all such fees and out-of-pocket expenses.