Award

Request for Quotation for Investment Advisory Services for Cambridgeshire County Council

CAMBRIDGESHIRE COUNTY COUNCIL

This public procurement record has 2 releases in its history.

Award

03 Dec 2020 at 09:50

Award Notice
Tender

02 Nov 2020 at 15:02

Tender Notice
Summary of the contracting process

Cambridgeshire County Council is seeking quotes for Investment Advisory Services to support its financial and social goals through the enhancement of its commercial activities. The procurement process is currently in the award stage, with a relevant contract period commencing from 1st December 2020 until 30th November 2021. The total capital expected to be allocated for this project is approximately £30 million, funded through a mix of Treasury Management Funds and potential Capital Receipts. The opportunity falls under the financial and insurance services category, with activities expected to take place in England.

This tender presents significant growth opportunities for businesses specialising in investment management, particularly those with experience in green energy and infrastructure sectors. Small and medium-sized enterprises (SMEs) as well as voluntary, community, and social enterprises (VCSEs) are encouraged to participate, given that the procurement is designed to accommodate diverse providers. With a focus on sustainable investment strategies, companies that can demonstrate adherence to Environmental, Social, and Corporate Governance (ESG) principles will likely be well-positioned to compete for this contract.

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Notice Information

Notice Title

Request for Quotation for Investment Advisory Services for Cambridgeshire County Council

Notice Description

Cambridgeshire County Council's (CCC) Commercial Vision is to: Develop a range of commercial activity which delivers financial and social return by becoming a Council which uses its assets, skills and position to generate significant levels of new income to support delivery of crucial front line services. To this end one of its key themes is Acquisition and Investments. The objective of the investment portfolio is to acquire investments that make a secure and increasing contribution to the Authority's revenue streams in order to support the delivery of frontline services to our communities. This is achieved by; *Acquiring investments that provide long term returns to support the delivery of the Council's desired outcomes; *Creating a portfolio that balances risk and rewards that are aligned to the Council's risk appetite and Environmental, Social and Corporate Governance (ESG) requirements; *Developing a portfolio that yields a stable income stream for the Council; *Making investments in funds/assets that seek to protect the capital invested; *Establishing a diverse portfolio that spreads risk and volatility by avoiding sector and geographical concentration risks; The Authority wishes to appoint one or more Fund Managers to invest in Green Energy and Green Infrastructure Portfolio Funds or similar. The capital expected to be available to the Fund Managers will be c PS30m. This capital is likely to be funded as follows: *c PS20 million from Treasury Management Funds, which will be subject to Treasury Management stipulations; *a further c PS10 million (although this could increase during 2021), potentially from Capital Receipts; Additional information: E-Tendering portal: (access documents here): https://www.lgss.co.uk/services/procurement/lgss-procurement-portal/ Title: Request for Quotation for Investment Advisory Services for Cambridgeshire County Council Reference no. DN508105 For technical / navigational support contact ProContract by telephone on 0330 005 0352 (9am - 5:30pm Monday to Friday) or by email to ProContractSuppliers@proactis.com

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0478e58b-7346-4b8b-9aa6-8598e962940f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2fe9bfe1-8226-44a5-aea0-2a06f7ab8dad
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£19,500 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Dec 20205 years ago
Submission Deadline
23 Nov 2020Expired
Future Notice Date
Not specified
Award Date
27 Nov 20205 years ago
Contract Period
1 Dec 2020 - 30 Nov 2021 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
CAMBRIDGESHIRE COUNTY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CAMBRIDGE
Postcode
CB3 0AP
Post Town
Cambridge
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH4 Cambridgeshire and Peterborough
Small Region (ITL 3)
TLH42 Cambridgeshire CC
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Cambridge
Electoral Ward
Castle
Westminster Constituency
Cambridge

Supplier Information

Number of Suppliers
1
Supplier Name

ARLINGCLOSE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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