Award

Treasury Management Consultancy Service

CHESHIRE CONSTABULARY ON BEHALF OF THE POLICE AND CRIME COMMISSIONER FOR CHESHIRE

This public procurement record has 1 release in its history.

Award

31 Aug 2022 at 09:56

Award Notice
Summary of the contracting process

The Police & Crime Commissioner for Cheshire and Cheshire Fire Authority have recently awarded a contract for a Treasury Management Consultancy Service. The contract has a duration of 3 years with the option to extend twice for 12 months each. The service involves providing interest rate forecasts, advising on investment strategies, and giving regular updates on economic and political changes impacting borrowing and investment strategies. The location for service delivery is in Winsford, Cheshire, with a tender end date of 11th March 2022 and a contract period starting on 1st April 2022 until 31st March 2027. This procurement falls under the financial and insurance services category.

This tender for the Treasury Management Consultancy Service presents opportunities for businesses specializing in financial consultancy, banking, investment services, and treasury services. Small and medium-sized enterprises (SMEs) would be particularly well-suited to compete for this contract. The open procedure procurement method allows for fair competition and provides a chance for businesses to offer their expertise in supporting the financial management needs of the Police & Crime Commissioner for Cheshire and Cheshire Fire Authority. Businesses interested in providing strategic financial advice and consultancy should consider engaging with the buyer, Cheshire Constabulary, to explore potential collaborations and partnerships.

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Notice Information

Notice Title

Treasury Management Consultancy Service

Notice Description

***THIS IS A CONTRACT AWARD NOTICE*** The Police & Crime Commissioner for Cheshire and Cheshire Fire Authority have a requirement for a Treasury Management Consultancy Service. The contract will be for an initial term of 3 years with the option to extend for 2 periods of 12 months. The Service should include but not necessarily be limited to the requirements outlined below. The successful Tenderer will:- * Fully understand the Service required by the Authority; * Provide interest rate forecasts and advise the Authority on the formulation of suitable borrowing and investment strategies utilising the strategic options available to it appropriate to the Authority's financial objectives; * Provide regular updates on economic and political changes which may impact on and require modification to the Authority's borrowing and investment strategies; * Provide forecasts of movements in PWLB which affect the timing of funding with fixed rate debt, conversion of variable rate debt to fixed and the conversion of fixed rate debt to variable; * Advise on debt re-scheduling, funding policy, volatility and maturity profile analysis; * Advise on investment counterparty creditworthiness, including a provision of prudent parameters established in the light of information for one or more of the UK's leading credit rating agencies (currently including Fitch), various other analysts as appropriate and associations. Reports and analysis to be provided monthly or when practicable; * Give advice and assistance to structure an appropriate investment strategy; * Provide one day's onsite training to treasury management staff and two places for client staff per annum at any training seminars run by the contractor; * Provide template documents and advice on: - Treasury Management Strategy Report - Annual Investment Strategy Document - Annual Review Report - Treasury Management Policy Statement - Treasury Management Practices - Adoption of CIPFA Code of Treasury Management * Provide annually a Fair Value portfolio valuation for use in the client's end of year financial statements; Attend (a minimum of) two strategy meetings per year to review the clients financial position having regard to its objectives, strategy, current financial circumstances, assets and liabilities and assist in the development of the client's funding and cash flow models.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e0665eea-2504-42c1-88b1-bf758d3e4066
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4004b9f8-3fae-4a65-b441-afee0e7de34b
Current Stage
Award
All Stages
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

66000000 - Financial and insurance services

66100000 - Banking and investment services

66600000 - Treasury services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£39,750 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
31 Aug 20223 years ago
Submission Deadline
11 Mar 2022Expired
Future Notice Date
Not specified
Award Date
24 Mar 20223 years ago
Contract Period
31 Mar 2022 - 31 Mar 2025 3-4 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
CHESHIRE CONSTABULARY ON BEHALF OF THE POLICE AND CRIME COMMISSIONER FOR CHESHIRE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WINSFORD, CHESHIRE
Postcode
CW7 2UA
Post Town
Crewe
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD6 Cheshire
Small Region (ITL 3)
TLD63 Cheshire West and Chester
Delivery Location
Not specified
Local Authority
Cheshire West and Chester
Electoral Ward
Winsford Over & Verdin
Westminster Constituency
Mid Cheshire

Supplier Information

Number of Suppliers
1
Supplier Name

LINK TREASURY SERVICES

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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