Award

Stoke-on-Trent City Council - Lease Financing for IT assets (Jan-17)

ARLINGCLOSE LIMITED

This public procurement record has 5 releases in its history.

Award

10 May 2017 at 12:23

AwardUpdate

14 Mar 2017 at 12:21

AwardUpdate

14 Mar 2017 at 11:12

Award

14 Mar 2017 at 11:12

Tender

27 Jan 2017 at 14:18

Summary of the contracting process

The procurement process involves Stoke-on-Trent City Council seeking bids for lease financing to acquire IT assets previously purchased by the Council, with a total estimated value of £189,619.20. The procurement method is an open procedure, and the tender period concluded on 20th February 2017. The contract period is set to start from 15th March 2017 and will extend until 14th March 2021. The buying organisation managing this tender is Arlingclose Limited, based in London, England, which is responsible for running the opportunity on behalf of the Council.

This tender presents an excellent opportunity for financial services firms, particularly those specialising in leasing solutions. Businesses focused on financing or operating leases and those capable of managing IT asset acquisitions will find this tender especially suited for their capabilities. Given that the process encourages participation from small and medium-sized enterprises (SMEs), it allows these businesses to compete effectively and provides a path for growth in the public sector market.

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Notice Title

Stoke-on-Trent City Council - Lease Financing for IT assets (Jan-17)

Notice Description

The Council is seeking bids for Finance or Operating Leasing to fund the acquisition of IT assets, already purchased by the Council, costing PS189,619.20. The Council will consider either lease classification for accounting purposes with a drawdown forecast before the end of March 2017. Arlingclose Ltd. is running this opportunity on behalf of the Council.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e049ce06-5558-4212-85a3-f5db78189d5a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4b0bf7bd-3111-4547-b520-17da23289f2b
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66114000 - Financial leasing services

Notice Value(s)

Tender Value
£189,619 £100K-£500K
Lots Value
Not specified
Awards Value
£345,889 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
10 May 20178 years ago
Submission Deadline
20 Feb 2017Expired
Future Notice Date
Not specified
Award Date
24 Jan 20179 years ago
Contract Period
22 Mar 2017 - 21 Mar 2021 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
ARLINGCLOSE LIMITED
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
EC2R 6EL
Post Town
Central 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
TLF East Midlands (England)

Local Authority
City of London
Electoral Ward
Coleman Street
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
3
Supplier Names

JCB FINANCE

SIEMENS FINANCIAL SERVICES

SOCIETE GENERALE EQUIPMENT FINANCE

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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