Tender

Provision of treasury services

FINANCIAL OMBUDSMAN SERVICE

This public procurement record has 5 releases in its history.

TenderAmendment

12 Mar 2019 at 15:03

TenderAmendment

12 Mar 2019 at 15:03

TenderAmendment

12 Mar 2019 at 15:03

TenderAmendment

12 Mar 2019 at 14:57

Tender

12 Mar 2019 at 14:55

Summary of the contracting process

The Financial Ombudsman Service is seeking tenders for the "Provision of treasury services" to effectively manage their cash in accordance with their investment policy and risk appetite. This open procurement process, classified under corporate finance and venture capital services, is currently in the tender stage, with submissions due by 10 April 2019. The contract period is set to commence on 3 June 2019 and will last until 2 June 2022. The estimated value of the contract is £400,000, and the services will be delivered at their London office, located at Exchange Tower, Harbour Exchange Square, E14 9SR.

This opportunity is well-suited for small and medium-sized enterprises (SMEs) that specialise in treasury and financial services. Companies with expertise in cash management, investment strategies, and performance monitoring of financial counterparts will greatly benefit from this tender. Engaging in this procurement process could provide significant growth opportunities for businesses looking to expand their footprint in the public finance sector.

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Notice Title

Provision of treasury services

Notice Description

The Financial Ombudsman Service (the Ombudsman) requirement for treasury services to manage our cash in line with our investment policy and risk appetite by: -monitoring our daily cash position; -investing our surplus funds on the money market; -monitoring our counter-parties performance in line with our investment policy; and -conduct a review of our annual investment policy and strategy and where appropriate recommend changes to ensure it remains fit for purpose.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8df49480-68b7-4a81-a54f-28a81487f110
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/72788828-9989-4981-acba-0e6f00a4d157
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
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66122000 - Corporate finance and venture capital services

66600000 - Treasury services

Notice Value(s)

Tender Value
£400,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
12 Mar 20196 years ago
Submission Deadline
10 Apr 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
2 Jun 2019 - 2 Jun 2022 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
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

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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