Award

CWC22161 Treasury Management

WOLVERHAMPTON CITY COUNCIL

This public procurement record has 2 releases in its history.

Award

17 Jan 2023 at 10:16

Award Notice
Tender

24 Oct 2022 at 14:17

Tender Notice
Summary of the contracting process

The City of Wolverhampton Council has completed the procurement process for the Treasury Management Advisor services under contract "CWC22161 Treasury Management". The contract has been awarded to Link Treasury Services Limited. The Council is seeking expert advice on interest rate forecasts, borrowing, investment strategies, debt rescheduling, and creditworthiness analysis. The contract period is from January 1, 2023, to December 31, 2027.

This tender presents an opportunity for financial and insurance service providers, especially those specializing in treasury services, to engage with the City of Wolverhampton Council. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations are encouraged to participate. Businesses operating within the United Kingdom and keen on offering strategic financial advice and credit analysis services would be well-suited to compete in this procurement process.

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Notice Information

Notice Title

CWC22161 Treasury Management

Notice Description

City of Wolverhampton Council is seeking to appoint an organisation to act as a Treasury Management Advisor. This will be an initial term of three (3) years with the option for two (2), one (1) year extensions. The total contract will not exceed five (5) years The successful company will provide interest rate forecasts and advise on the formulation of suitable borrowing and investment strategies utilising the strategic options available to it appropriate to the Council's financial objectives The successful company will advise on debt rescheduling, volatility and maturity profile analysis. Advice on investment counterparty creditworthiness, including provision of prudent parameters established in light of information from the UK's leading credit rating agencies, various other analysts as appropriate and other appropriate market intelligence in light of recent Audit Commission and Chartered Institute Public Finance and Accountancy (CIPFA) publications shall be provided to City of Wolverhampton Council. Reports and analyses are to be provided weekly or when practicable. Details of any individual counterparty credit rating changes to be advised, as a matter of urgency, as they occur.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0ac63ebf-71a3-4f1a-8be8-43c4c6f1d3e7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/19ab9272-f7a3-4d85-a3b4-c787bbc9f580
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66600000 - Treasury services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£97,500 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Jan 20233 years ago
Submission Deadline
25 Nov 2022Expired
Future Notice Date
Not specified
Award Date
31 Dec 20223 years ago
Contract Period
1 Jan 2023 - 31 Dec 2027 Over 5 years
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
WOLVERHAMPTON CITY COUNCIL
Contact Name
Alison Porter
Contact Email
alison.porter2@wolverhampton.gov.uk
Contact Phone
+44 1902554025

Buyer Location

Locality
WOLVERHAMPTON
Postcode
WV1 1RL
Post Town
Wolverhampton
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG39 Wolverhampton
Delivery Location
Not specified
Local Authority
Wolverhampton
Electoral Ward
St Peters
Westminster Constituency
Wolverhampton West

Supplier Information

Number of Suppliers
1
Supplier Name

LINK TREASURY SERVICES

Further Information

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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