Tender

GBC - The Provision of Treasury Management Services

GUILDFORD BOROUGH COUNCIL

This public procurement record has 3 releases in its history.

TenderAmendment

01 Mar 2022 at 12:17

TenderAmendment

20 Jan 2022 at 13:12

Tender

20 Jan 2022 at 13:08

Summary of the contracting process

The Guildford Borough Council is seeking submissions for a tender titled "GBC - The Provision of Treasury Management Services." This procurement falls under the services industry category and is located in Guildford, Surrey. The tender is currently in the active stage and will be open for responses until 7 March 2022. The contract period is planned to commence on 1 April 2022, lasting for three years with a possible two-year extension. The procurement method employed is an open procedure, which is intended for contracts below a specified financial threshold.

This opportunity is particularly suited for businesses that specialise in treasury management and financial consultancy services, given the Council's need for comprehensive management of its substantial investments and debts, which include in-house investments of approximately £140 million and external debt of around £194 million. Potential firms that can deliver expertise in financial regulation and strategic financial management may find this tender a valuable avenue for business growth, especially considering the complexities of the Council's financial operations and capital programmes.

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Notice Title

GBC - The Provision of Treasury Management Services

Notice Description

Guildford Borough Council wishes to invite potential service providers to tender for a 3-year contract with possible two-year extension to begin on 1 April 2022 for the provision of Treasury Management Services. The Council currently has approximately PS140 million in-house investments and PS15 million in external funds. The council has internal debt for the General Fund CFR, but around PS70 million short term borrowing, and PS194 million external debt relating to the Housing Revenue Account. We have a large capital programme and are starting to externalise some of the borrowing starting in 2021-2022. The Council's Treasury Management activities are regulated by a variety of professional codes, statutes and guidance including the Local Government Act 2003, SI 2003 3148, CIPFA Prudential Code for Capital Finance in Local Authorities and the CIPFA Code of Practice of Treasury Management in the Public Services. Additional information: For all existing supplier who are already registered on the SE Shared Services Portal (InTend) Please use the following link to login to view the tender documents, and submit a response: http://www.sesharedservices.org.uk/esourcing For all suppliers who are NOT registered in the SE Shared Services Portal (InTend). Please use the following link to register your company on the portal in order to gain access to the current tender opportunity and submit a response: https://www.in-tendhost.co.uk/sesharedservices/aspx/Home Is a Recurrent Procurement Type? : No

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ba2886a8-a794-4cab-a5b3-b9fcbea24f3e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0b167393-dbfc-4b9f-a8a1-22cff333503a
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 (below threshold)
Tender Suitability
Not specified
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

66152000 - Financial market regulatory services

66171000 - Financial consultancy services

66600000 - Treasury services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
1 Mar 20223 years ago
Submission Deadline
7 Mar 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Apr 2022 - 31 Mar 2025 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
GUILDFORD BOROUGH COUNCIL
Contact Name
Nazia Hussain (GBC)
Contact Email
nazia.hussain@guildford.gov.uk
Contact Phone
07866162918

Buyer Location

Locality
SURREY
Postcode
GU2 4BB
Post Town
Guildford
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ25 West Surrey
Delivery Location
Not specified

Local Authority
Guildford
Electoral Ward
St Nicolas
Westminster Constituency
Guildford

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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