Award

NNC - Treasury Management Consultancy Service

NORTH NORTHAMPTONSHIRE COUNCIL

This public procurement record has 4 releases in its history.

Award

26 May 2022 at 12:14

Award Notice
TenderAmendment

16 Feb 2022 at 10:55

Tender Notice
TenderAmendment

14 Feb 2022 at 15:34

Tender Notice
Tender

03 Feb 2022 at 12:29

Tender Notice
Summary of the contracting process

North Northamptonshire Council is inviting quotations for the Treasury Management Consultancy Service, aimed at supporting the management of the Council's substantial borrowing and investments. The procurement process is currently at the award stage, with the contract valued at £45,000 and running from 1st April 2022 until 31st March 2026. The deadline for submission of bids was on 23rd February 2022, and the service classified under the category of treasury services is expected to cover various advisory and reporting functions crucial for the Council. The tender was published on 3rd February 2022, making it key for interested suppliers.

This procurement presents a valuable opportunity for SMEs with expertise in treasury management consultancy and local authorities, particularly those capable of providing comprehensive advice, training, and technical updates. Companies able to deliver the required reports, such as the Treasury Management Strategy Statement and investment strategy, would be particularly well-positioned to compete. Engaging with North Northamptonshire Council not only allows for potential revenue generation but also helps build a reputation for quality service in the local government sector.

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Notice Information

Notice Title

NNC - Treasury Management Consultancy Service

Notice Description

Quotations are invited for the provision of treasury management consultancy service to the Council Treasury. The Treasury function provides a vital service to the Council as it is responsible for managing the Council's borrowing needs to support the capital programme. The Council's debt currently stands at PS473m as at 31st December 2021. The treasury function also manages the Council's investments which is made up of provisions, reserves and investment balances. This stood at PS230m as at 31st December 2021. This is a service for treasury management consultancy to a local authority and it is expected that the supplier will be able to cover all aspects of treasury management advice to the Council. This includes training of officers and Council Members and provision of technical updates as necessary, including provision of guidance documents to assist with meeting report requirements to the Council and its Committees. The Supplier will be expected to assist the treasury function to be able to produce the below six reports to the Council/sub committees of the Council annually: i. Treasury Management Strategy Statement (TMSS), Annual Investment Strategy (AIS) and Minimum Revenue Provision Policy (MRPP) in February; ii. Mid-year update on Treasury Management report in September; iii. Four quarterly treasury management updates for quarters ending March, June, September and December. Should you wish to take part in the selection process please complete this RFQ and return via e-mail to the Officer detailed in the table below no later than the Deadline for Submission of Bids of 23rd February 2022. Name Dapo Shonola Job Title Senior Finance Business Partner - Treasury & Tax E-Mail address: Dapo.Shonola@northnorthants.gov.uk

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-180ecb0f-f21c-4c66-b0b9-39b6a0cc26a1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c3112834-a864-4484-98f4-beb6da648a06
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66600000 - Treasury services

Notice Value(s)

Tender Value
£10,000 Under £100K
Lots Value
Not specified
Awards Value
£45,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
26 May 20223 years ago
Submission Deadline
1 Mar 2022Expired
Future Notice Date
Not specified
Award Date
11 Mar 20223 years ago
Contract Period
31 Mar 2022 - 31 Mar 2026 4-5 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
NORTH NORTHAMPTONSHIRE 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
KETTERING
Postcode
NN16 8TL
Post Town
Northampton
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF25 North Northamptonshire
Delivery Location
Not specified
Local Authority
North Northamptonshire
Electoral Ward
Northall
Westminster Constituency
Kettering

Supplier Information

Number of Suppliers
1
Supplier Name

ARLINGCLOSE

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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