Tender

Treasury Management Specialist Advice

ASHFORD BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Tender

10 Jan 2025 at 16:39

Tender Notice
Summary of the contracting process

Ashford Borough Council is procuring Treasury Management Specialist Advice Services, commencing with the tender phase. This project, titled "Treasury Management Specialist Advice," falls under the industry category of Financial and insurance services (CPV code 66000000) and is located in Ashford, TN23 1HU, England. The procurement process is open, and key dates include the publication date of 10th January 2025, with a tender submission deadline of 10th February 2025 at 10:00 AM. The contract is set to begin on 1st April 2025 and run until 31st March 2032, with an estimated contract value of GBP £245,000. This comprehensive service entails providing investment advice, economic forecasts, strategy meetings, and numerous other financial advisory services.

This tender offers substantial opportunities for business growth, particularly for SMEs and VCSEs that specialise in financial consultancy and treasury management. The winning business stands to gain a long-term partnership with a local authority, involving responsibilities such as providing investment strategies, monitoring financial performance, and offering technical accounting advice. This opportunity is ideal for firms that have expertise in Local Authority finance, are adept at navigating changes in economic and political landscapes, and possess strong capabilities in client management and strategy consultancy. By securing this contract, a firm can significantly elevate its market presence and credibility in the public sector financial services arena.

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Notice Information

Notice Title

Treasury Management Specialist Advice

Notice Description

TREASURY/25/1 Ashford Borough Council is looking to procure Treasury Management Specialist Advice Services. The services will cover; 4.1.1 providing investment advice; 4.1.2 providing interest rate and economic forecasts and assistance for the formulation of an in house investment strategy; 4.1.3 identify a client manager who will facilitate regular strategy meetings and act as a key point of contact with the Council; 4.1.4 pro active updates on economic and political changes that may require modification to investment strategies; 4.1.5 advice on the Council's Annual Investment Strategy; 4.1.6 advice/alerts on counterparty creditworthiness, including updates on changes in ratings; 4.1.7 provision of suitable Local Authority (LA) treasury templates and advice on maintaining: 4.1.8 determination of and assistance with Prudential Indicators; 4.1.9 provision of advice on preparation of the annual Statement of Accounts with reference to treasury management/ financial instrument items advised by the Chartered Institute of Public Finance and Accountancy (CIPFA) Code; 4.1.10 assistance in technical discussions with auditors; 4.1.11 advice on technical issues, capital finance and accounting advice; 4.1.12 at least two places at each of the Tenderer's usual seminars, training courses, workshops and treasury strategy meetings; 4.1.13 capital finance and accounting advice to reflect best practice and changes in statutes, regulations and accounting rules appropriate to a local authority; 4.1.14 advice on leasing; 4.1.15 benchmarking information and analysis quarterly; 4.1.16 practical support in monitoring treasury management performance/practices; 4.1.17 advice on debt management, scheduling, borrowing strategy and movement in Public Works Loan Board (PWLB) rates; 4.1.18 assistance in any technical discussion with internal and external auditors on treasury management/financial instruments and related accounting advice if necessary; 4.1.19 website access to any dedicated area applicable to local authorities. 4.1.20 attendance (virtual or in person) to present to members of the Council (usually annually) to give insight into the Council's Treasury Management Activity. Procurement documentation can be accessed via the Kent Business Portal https://www.kentbusinessportal.org.uk/

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5184d86a-f69c-43e2-80ee-fe5e760e6d55
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/55fd09dd-230a-4f55-a96f-9072962590ee
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£245,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
10 Jan 20251 years ago
Submission Deadline
10 Feb 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2025 - 31 Mar 2032 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
ASHFORD BOROUGH 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
ASHFORD
Postcode
TN23 1HU
Post Town
Tonbridge
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
Not specified
Local Authority
Ashford
Electoral Ward
Victoria
Westminster Constituency
Ashford

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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