Award

Contract Award notification for the Provision of an Agency Treasury Service for the Financial Ombudsman Service

FINANCIAL OMBUDSMAN SERVICE

This public procurement record has 1 release in its history.

Award

08 Jul 2019 at 07:40

Summary of the contracting process

The Financial Ombudsman Service has successfully awarded a contract for the Provision of an Agency Treasury Service to Link Treasury Services Limited. This procurement falls under the treasury services category and is situated in London, within the jurisdiction of the United Kingdom. The award was announced on 8th July 2019, following an open procedure tender process, with a total contract value of £353,000. The contract period commenced on 1st July 2019 and is set to conclude on 30th June 2022. The tender submission deadline was 12th April 2019, marking the close of the bidding phase.

This tender presents significant opportunities for businesses in the financial services sector, particularly those specialising in treasury management. Small and medium-sized enterprises (SMEs) that offer innovative treasury services may find themselves well-suited to participate in similar future tenders. Engaging in this market can facilitate business growth by cultivating a client base within public sector organisations that require professional financial management services.

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Notice Title

Contract Award notification for the Provision of an Agency Treasury Service for the Financial Ombudsman Service

Notice Description

The Financial Ombudsman Service are advising of the contract awarded to Link Treasury Services Limited for the provision of an Agency Treasury Service, The supplier shall provide, within the scope of the Financial Ombudsman Investment Policy, a managed treasury service.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-21ea1453-0f45-4d23-a596-d1a80ab644c6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/79f79fbc-6836-4cd5-87ae-8f38dad0f6bd
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above 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
£353,000 £100K-£500K
Lots Value
Not specified
Awards Value
£353,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
8 Jul 20196 years ago
Submission Deadline
12 Apr 2019Expired
Future Notice Date
Not specified
Award Date
10 Jun 20196 years ago
Contract Period
30 Jun 2019 - 30 Jun 2022 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FINANCIAL OMBUDSMAN SERVICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E14 9SR
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLI London

Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

LINK TREASURY SERVICES

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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