Award

Treasury Advisory Services for Westminster City Council and the London Borough of Hammersmith and Fulham

CAPITALESOURCING

This public procurement record has 1 release in its history.

Award

24 Feb 2020 at 12:01

Summary of the contracting process

Westminster City Council and the London Borough of Hammersmith and Fulham are seeking Treasury Advisory Services through a completed tender process initiated on 24th February 2020. This procurement was conducted as a selective process, underpinned by a mini-competition on the ESPO Framework for Consultancy Services. The total contract value is £112,000, with a contract duration from 2nd January 2020 to 1st January 2024. The tender period closed on 18th October 2019 and the contract was awarded to Link Treasury Services Limited on 22nd November 2019, reflecting the competitive context and formal structure of public procurement in the UK regarding financial services.

This tender presents growth opportunities primarily for small and medium-sized enterprises (SMEs) and voluntary community social enterprises (VCSEs) that specialise in treasury management and advisory services. Companies that can offer bespoke solutions or innovative approaches within the financial services sector, particularly those familiar with local government operations, would be well-suited to compete for similar opportunities. Participation in such contracts not only enhances business visibility but can also expand service offerings in a sector that is pivotal to public sector financing.

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.

Notice Title

Treasury Advisory Services for Westminster City Council and the London Borough of Hammersmith and Fulham

Notice Description

Provision of Treasury advisory services for Westminster City Council and the London Borough of Hammersmith and Fulham. Sovereign contracts have been issued for each of the Authorities for a period of 3 years with the option to extend for an up to 1 year at the sole discretion of the respective Authority. Additional information: The contract award was based on a mini-competition on the ESPO Framework -644-17 Consultancy Services Lot 2g Treasury Management

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8af718f8-2407-4b0a-837e-e223fd45cb6d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9cf62a0a-00c6-4dea-ac9f-ecc8039a9fff
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66600000 - Treasury services

Notice Value(s)

Tender Value
£112,000 £100K-£500K
Lots Value
Not specified
Awards Value
£75,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
24 Feb 20206 years ago
Submission Deadline
18 Oct 2019Expired
Future Notice Date
Not specified
Award Date
22 Nov 20196 years ago
Contract Period
2 Jan 2020 - 1 Jan 2024 4-5 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
CAPITALESOURCING
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
SW1E 6PQ
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

LINK TREASURY SERVICES

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-b5fd17-8af718f8-2407-4b0a-837e-e223fd45cb6d-2020-02-24T12:01:22Z",
    "date": "2020-02-24T12:01:22Z",
    "ocid": "ocds-b5fd17-8af718f8-2407-4b0a-837e-e223fd45cb6d",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "tender_214555/839624",
        "title": "Treasury Advisory Services for Westminster City Council and the London Borough of Hammersmith and Fulham",
        "description": "Provision of Treasury advisory services for Westminster City Council and the London Borough of Hammersmith and Fulham. Sovereign contracts have been issued for each of the Authorities for a period of 3 years with the option to extend for an up to 1 year at the sole discretion of the respective Authority. Additional information: The contract award was based on a mini-competition on the ESPO Framework -644-17 Consultancy Services Lot 2g Treasury Management",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66600000",
            "description": "Treasury services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "SW1E 6PQ"
                    },
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 112000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2019-10-18T23:59:59+01:00"
        },
        "contractPeriod": {
            "startDate": "2020-01-02T00:00:00Z",
            "endDate": "2024-01-01T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": true
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-134323",
            "name": "capitalEsourcing",
            "identifier": {
                "legalName": "capitalEsourcing"
            },
            "address": {
                "streetAddress": "Westminster Council Town Hall, 64 Victoria Street",
                "locality": "London",
                "postalCode": "SW1E 6PQ",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Naomi",
                "email": "nbourne@westminster.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-2652033",
            "name": "Link Treasury Services Limited",
            "identifier": {
                "legalName": "Link Treasury Services Limited",
                "scheme": "GB-COH",
                "id": "2652033"
            },
            "address": {
                "streetAddress": "65 Gresham Street, LONDON, EC2V 7NQ"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-134323",
        "name": "capitalEsourcing"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-8af718f8-2407-4b0a-837e-e223fd45cb6d-1",
            "status": "active",
            "date": "2019-11-22T00:00:00Z",
            "datePublished": "2020-02-24T12:01:22Z",
            "value": {
                "amount": 75000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-2652033",
                    "name": "Link Treasury Services Limited"
                }
            ],
            "contractPeriod": {
                "startDate": "2020-01-02T00:00:00Z",
                "endDate": "2024-01-01T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/9cf62a0a-00c6-4dea-ac9f-ecc8039a9fff",
                    "datePublished": "2020-02-24T12:01:22Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}