Award

Treasury Management Advisory Services

NEWCASTLE-UNDER-LYME BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

19 Jul 2022 at 16:45

Award Notice
Summary of the contracting process

Newcastle-under-Lyme Borough Council recently awarded a contract for Treasury Management Advisory Services, concluding a tender process that was initiated due to the expiration of the previous contract on 31st March 2022. The contract is expected to commence on 1st April 2022, lasting until 31st March 2027, with a total value of £49,500. The procurement method employed was an open procedure, and the services will be delivered in the West Midlands region of the United Kingdom. The tender was formally closed on 14th January 2022.

This opportunity represents a promising avenue for businesses, particularly those specialising in financial consultancy and treasury management services. Given that the procurement is suitable for small and medium-sized enterprises (SMEs), those with experience in managing investment portfolios or providing financial advisory services may find this tender aligns well with their capabilities. Moreover, businesses that can adeptly navigate the changing financial landscape of local authorities will be well-positioned to compete effectively for this contract.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Treasury Management Advisory Services

Notice Description

Overview Newcastle-under-Lyme Borough Council is in the process of reviewing the provision of Treasury Management Advisory Services. The current contract is due to end 31st March 2022. Newcastle-under-Lyme Borough Council is currently a debt-free Authority; our investment portfolio fluctuates from GBP0 up to GBP10 million approximately depending on activity, which is controlled "in house" with no funds invested via Fund Managers. The figure for our investment portfolio is expected to reduce over the coming years due to capital receipts currently in hand being fully utilised. It is also forecast that the Council will not remain a debt-free Authority during the period of the contract.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-65b6c28a-19cc-4f0f-b993-4c4c7fbc2a62
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4cb9093b-9a45-4cb6-8d0a-d64ebf7e94d1
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
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

66171000 - Financial consultancy services

66600000 - Treasury services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£49,500 Under £100K
Lots Value
Not specified
Awards Value
£49,500 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Jul 20223 years ago
Submission Deadline
14 Jan 2022Expired
Future Notice Date
Not specified
Award Date
15 Feb 20224 years ago
Contract Period
31 Mar 2022 - 31 Mar 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
NEWCASTLE-UNDER-LYME 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
NEWCASTLE-UNDER-LYME
Postcode
ST5 1BL
Post Town
Stoke-on-Trent
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG2 Shropshire and Staffordshire
Small Region (ITL 3)
TLG24 Staffordshire CC
Delivery Location
TLG West Midlands (England)
Local Authority
Newcastle-under-Lyme
Electoral Ward
Town
Westminster Constituency
Newcastle-under-Lyme

Supplier Information

Number of Suppliers
1
Supplier Name

ARLINGCLOSE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-65b6c28a-19cc-4f0f-b993-4c4c7fbc2a62-2022-07-19T17:45:13+01:00",
    "date": "2022-07-19T17:45:13+01:00",
    "ocid": "ocds-b5fd17-65b6c28a-19cc-4f0f-b993-4c4c7fbc2a62",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "MT226853",
        "title": "Treasury Management Advisory Services",
        "description": "Overview Newcastle-under-Lyme Borough Council is in the process of reviewing the provision of Treasury Management Advisory Services. The current contract is due to end 31st March 2022. Newcastle-under-Lyme Borough Council is currently a debt-free Authority; our investment portfolio fluctuates from GBP0 up to GBP10 million approximately depending on activity, which is controlled \"in house\" with no funds invested via Fund Managers. The figure for our investment portfolio is expected to reduce over the coming years due to capital receipts currently in hand being fully utilised. It is also forecast that the Council will not remain a debt-free Authority during the period of the contract.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66600000",
            "description": "Treasury services"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "66171000",
                "description": "Financial consultancy services"
            },
            {
                "scheme": "CPV",
                "id": "79412000",
                "description": "Financial management consultancy services"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "West Midlands",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "minValue": {
            "amount": 40000,
            "currency": "GBP"
        },
        "value": {
            "amount": 49500,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2022-01-14T17:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2022-04-01T00:00:00+01:00",
            "endDate": "2027-03-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-69878",
            "name": "Newcastle-under-Lyme Borough Council",
            "identifier": {
                "legalName": "Newcastle-under-Lyme Borough Council"
            },
            "address": {
                "streetAddress": "Castle House, Barracks Road",
                "locality": "Newcastle-under-Lyme",
                "postalCode": "ST5 1BL",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Phil Templeton",
                "email": "phil.templeton@newcastle-staffs.gov.uk",
                "telephone": "+44 1782717717"
            },
            "details": {
                "url": "http://www.newcastle-staffs.gov.uk/"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-02853836",
            "name": "Arlingclose Limited",
            "identifier": {
                "legalName": "Arlingclose Limited",
                "scheme": "GB-COH",
                "id": "02853836"
            },
            "address": {
                "streetAddress": "35 Chiswell Street, London, London"
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-69878",
        "name": "Newcastle-under-Lyme Borough Council"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-65b6c28a-19cc-4f0f-b993-4c4c7fbc2a62-1",
            "status": "active",
            "date": "2022-02-15T00:00:00Z",
            "datePublished": "2022-07-19T17:45:13+01:00",
            "value": {
                "amount": 49500,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-02853836",
                    "name": "Arlingclose Limited"
                }
            ],
            "contractPeriod": {
                "startDate": "2022-04-01T00:00:00+01:00",
                "endDate": "2027-03-31T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/4cb9093b-9a45-4cb6-8d0a-d64ebf7e94d1",
                    "datePublished": "2022-07-19T17:45:13+01:00",
                    "format": "text/html",
                    "language": "en"
                },
                {
                    "id": "2",
                    "documentType": "tenderNotice",
                    "description": "NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided.",
                    "url": "https://www.mytenders.co.uk/search/show/search_view.aspx?ID=JUL164790"
                }
            ]
        }
    ]
}