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 2014/24/EU as implemented in Ireland by the European Union (Award of Public Authority Contracts) Regulations 2016 (SI No. 284 of 2016), (the “Regulations”), in respect of the procurement of services, supplies and works 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 Procurement Policy is to adopt a competitive process designed to obtain value for money in a manner that is both fair and transparent. Information relating to NTMA tender competitions is published on the Irish government and public sector procurement website eTenders.