Award

CCC: Appoint a Strategic Investment Consultant to support the implementation of commercial investment strategy

CAMBRIDGESHIRE COUNTY COUNCIL

This public procurement record has 2 releases in its history.

Award

08 May 2019 at 10:15

Award Notice
Tender

10 Jan 2019 at 09:39

Tender Notice
Summary of the contracting process

Cambridgeshire County Council (CCC) is seeking to appoint a Strategic Investment Consultant to aid in the development of its acquisitions and investment portfolio, aligned with the Council's commercial investment strategy for 2019-2021. This procurement process is currently in the Award stage, following the completion of the tender, which had a deadline for submissions set for noon on 11th February 2019. The project entails financial consultancy services within the East of England, with a contract value of £170,000, and is expected to commence from 1st April 2019 through to 31st March 2020.

This tender presents significant opportunities for businesses specialising in financial consultancy, particularly those focusing on investment strategies, contract management, and market shaping. Small and medium-sized enterprises (SMEs) with expertise in driving revenue generation and social value through innovative proposals would be well-positioned to compete for this contract. The successful consultant will work closely with CCC to enable effective investment decisions that align with community interests and long-term benefits for local residents.

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Notice Information

Notice Title

CCC: Appoint a Strategic Investment Consultant to support the implementation of commercial investment strategy

Notice Description

Cambridgeshire County Council (CCC) (The "Authority") wishes to invite Tenders to appoint a Strategic Investment Consultant to support the initial development of our acquisitions and investments portfolio in supporting the implementation of CCC's commercial investment strategy as set out in the Specification. The successful Potential Provider(s) will be responsible for providing this service and liaising closely with the Contract Manager identified by the Authority. Cambridgeshire County Council (CCC) are in the process of developing a new Commercial Strategy (the 'Strategy') for 2019-2021 to set out CCC's strategic approach to commercial activity within the Council. Through this strategy, CCC is signaling an intention - driven by necessity - to enter a new phase of enterprise, investment and commercial growth. We will work with partners who share our ambition and values and we shall continue to put the best interests of Cambridgeshire residents at the heart of everything we do. The Strategy sets out three commercial themes which will be prioritised during this period; Contract management, market shaping and procurement Contribution and funding Acquisitions and investment Under the Acquisitions and Investment theme, the Strategy states that all investment decisions should focus on achieving at least one of the following; * Increase number and type revenue generation/ invest to earn investments - for example investment in land and property development, rental property, renewables, schemes that grow Council's business rates income, or proposals to enable existing revenue streams to be maintained longer into the future. * Invest to save - for example, proposals to introduce new technologies, which reduce, demand and spend on Council services. * Invest for social value - for example, proposals that will bring collective benefit to a community. This will be done through; * Acquiring investments that provide long term returns to support the delivery of the Council's desired outcomes; * Creating a portfolio that balances risk and rewards that are aligned to the Council's risk appetite; ensuring the portfolio is diverse through avoiding sector and geographical concentration risks * Developing a portfolio that yields a stable income stream for the Council; * Making investments in assets that seek to protect the capital invested; * Establishing a diverse portfolio that spreads risk by avoiding sector and geographical concentration risks Additional information: The Authority is utilising an electronic tendering tool to manage this procurement process and communicate with Potential Providers. There will be no hard copy documents issued to Potential Providers and all communications with The Authority including, submission of Potential Provider responses, will be conducted via The Authority's 'LGSS Procurement Portal (ProContract) The portal is powered by ProActis and located at www.lgssprocurementportal.co.uk Potential Providers who experience technical difficulties when using the LGSS Procurement Portal should contact the support desk Mon-Fri, 9:00 to 17:30 Tel: 0330 005 0352 Email: ProContractSuppliers@proactis.com The deadline for completed applications to be received on the LGSS eTendering Portal is 12:00/noon on Monday 11th February 2019

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cb99bef2-81d2-4db3-924a-c0083dd51549
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2e2b4531-5be3-44a8-bcfe-b63d548bc735
Current Stage
Award
All Stages
Tender, 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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£170,000 £100K-£500K
Lots Value
Not specified
Awards Value
£147,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
8 May 20196 years ago
Submission Deadline
11 Feb 2019Expired
Future Notice Date
Not specified
Award Date
22 Apr 20196 years ago
Contract Period
6 May 2019 - 6 May 2020 1-2 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
CAMBRIDGESHIRE COUNTY COUNCIL
Contact Name
Shaun Lay
Contact Email
shaun.lay@cambridgeshire.gov.uk
Contact Phone
+44 1223715354

Buyer Location

Locality
CAMBRIDGE
Postcode
CB3 0AP
Post Town
Cambridge
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH4 Cambridgeshire and Peterborough
Small Region (ITL 3)
TLH42 Cambridgeshire CC
Delivery Location
Not specified
Local Authority
Cambridge
Electoral Ward
Castle
Westminster Constituency
Cambridge

Supplier Information

Number of Suppliers
1
Supplier Name

REDINGTON

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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