Tender

Arun District Council - Treasury Management Advisors

SE SHARED SERVICES

This public procurement record has 1 release in its history.

Tender

18 Nov 2016 at 20:17

Tender Notice
Summary of the contracting process

The Arun District Council, represented by SE Shared Services, is seeking bids for the role of Treasury Management Advisors, with a focus on banking and investment services. This procurement is in the active tender stage, which was issued on 3 August 2015, and the submission deadline was on 18 September 2015. The contract period is set to commence on 1 December 2016 and will conclude on 31 December 2018. The estimated value of the contract ranges from £30,000 to £60,000, located in Littlehampton, West Sussex, in the South East of England.

This tender presents significant opportunities for businesses specialising in treasury management and financial advisory services. Companies that can provide expert knowledge in banking and investment services are particularly well-suited to compete for this contract. Additionally, small and medium-sized enterprises (SMEs) may find this procurement a viable avenue for business growth, especially those experienced in public sector finance and cash flow management.

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Notice Information

Notice Title

Arun District Council - Treasury Management Advisors

Notice Description

The Council recognises the value in employing external advisors of treasury management services in order to acquire access to specialist skills and resources. Consideration was given to the appointment of external advisers to assist the council to achieve its treasury management objectives, as a result Capita Asset Services Limited were appointed as the Council's treasury management advisors with effect from 1 January 2011 for 3+2 years. The terms of their appointment and methods by which their value will be assessed were properly agreed and documented and subjected to regular review. The council acknowledges that the responsibility for treasury management remains with the council at all times and will ensure that undue reliance is not placed upon the external advisers. The Council is required to adhere to the CIPFA treasury management code of practice and operate a balanced budget, which broadly means that cash raised during the year will meet cash expenditure. Part of the treasury management operation is to ensure that this cash flow is adequately planned, with cash being available when it is needed. Surplus monies are invested in low risk counterparties or instruments commensurate with the Council's risk appetite, providing adequate liquidity initially before considering investment return (full details in section 2 - specification). An advisory service is required to support the Council's in-house treasury management function. In 2014/15 the amount spent for treasury management advice and support was PS8,760. This figure is historical and should be used as a guide only and the Council does not guarantee any reward to any contractor. The Councils current Debt portfolio is PS62.04M and average Investment portfolio is approximately PS58M. Additional information: Thank you for expressing an interest in our Tender. The tender documents are currently available on the following E-tendering portal and once you have registered you will have full access. https://in-tendhost.co.uk/sesharedservices/aspx/Home Is a Recurrent Procurement Type? : Yes https://in-tendhost.co.uk/sesharedservices/aspx/

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a1c15878-adc8-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/149a3301-1ba6-464b-80b9-e3d64d16eae5
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
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£60,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20169 years ago
Submission Deadline
18 Sep 2015Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Dec 2016 - 31 Dec 2018 2-3 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
SE SHARED SERVICES
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WEST SUSSEX
Postcode
BN17 5LF
Post Town
Brighton
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ27 West Sussex (South West)
Delivery Location
TLJ South East (England)
Local Authority
Arun
Electoral Ward
River
Westminster Constituency
Bognor Regis and Littlehampton

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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