Award

SC220274 - Treasury Advisor (1)

KENT COUNTY COUNCIL

This public procurement record has 3 releases in its history.

Award

31 Mar 2023 at 12:12

Award

31 Mar 2023 at 11:44

Tender

23 Dec 2022 at 09:13

Summary of the contracting process

The Kent County Council has awarded a contract for treasury management services under tender SC220274. The council manages substantial investments and debt, and seeks a treasury advisor to provide strategic guidance. Interested parties were required to submit a Selection Questionnaire by 23rd January 2023. The contract period runs from 1st April 2023 to 31st March 2026, and the contract value is £0.

This tender provides opportunities for businesses in the financial and insurance services industry. Companies with expertise in treasury management and investment strategies are well-suited to compete. The procurement method was an open procedure, with the tender ending on 23rd January 2023. The contract location will be in the United Kingdom, and the main procurement category is services.

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Notice Title

SC220274 - Treasury Advisor (1)

Notice Description

The Council manages investments of some PS500m and a debt portfolio of circa PS800m. These are substantial sums of money and KCC is therefore exposed to significant financial risks including the loss of invested funds and the revenue effect of changing interest rates. KCC's strategic objective is to control and monitor these risks and minimize their impact on its revenue budget. The role of the treasury advisor is seen as being key to the Council achieving its objective. KCC is therefore seeking to appoint a treasury advisor to provide advice and guidance on its treasury management and investment strategy. The services provided must include investment advice and not just the provision of information. The Council will rely on the advice and information provided in making its own independent decisions on its treasury management and investment activities. These services supplement the Council's in-house capacity to take treasury management decisions with specialist treasury management advice enriched by high frequency contact with relevant financial institutions and their regulators and frequent consideration of a wide range of relevant sources of information and analysis relevant to the formation of such advice. Tenderers must demonstrate that they can deliver the above service specification by explaining how they would deliver each aspect of the service within each of the following sections below. Tenderers must make sure that they fully explain how the service would be delivered. Anything that is not directly relevant should not be included. Wherever possible tenderers should demonstrate how they will go further than what is being asked for, to add value. Candidates who wish to be considered for this opportunity are initially required to submit a Selection Questionnaire via the Kent Business Portal no later than 23rd January 2023. Documentation will be automatically issued on expression of interest on the Kent Business Portal.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-317ec39a-d3a1-40c2-ae7f-0f3a0aceadee
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fdabc4ed-a27e-4ade-8267-8a5d4cd1e282
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£350,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
31 Mar 20232 years ago
Submission Deadline
23 Jan 2023Expired
Future Notice Date
Not specified
Award Date
30 Mar 20232 years ago
Contract Period
31 Mar 2023 - 2 Apr 2023 30 days
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
KENT COUNTY COUNCIL
Contact Name
Alexander Whelan
Contact Email
alexander.whelan@kent.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
MAIDSTONE
Postcode
ME14 1XQ
Post Town
Rochester
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ4 Kent
Small Region (ITL 3)
TLJ45 Mid Kent
Delivery Location
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLI London, TLJ South East (England), TLK South West (England), TLL Wales, TLM Scotland, TLN Northern Ireland

Local Authority
Maidstone
Electoral Ward
Penenden Heath
Westminster Constituency
Maidstone and Malling

Supplier Information

Number of Suppliers
1
Supplier Name

NONE AWARD

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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