Award

Treasury Services 2025

NORTH TYNESIDE COUNCIL

This public procurement record has 3 releases in its history.

Award

19 Feb 2025 at 14:52

Award Notice
Tender

15 Oct 2024 at 15:30

Tender Notice
Tender

15 Oct 2024 at 15:10

Tender Notice
Summary of the contracting process

North Tyneside Council, located in North Tyneside, England, has completed the procurement process for "Treasury Services 2025". The contract, worth GBP 33,800, was awarded to Link Treasury Services Limited and covers the provision of treasury services and advice. These services include regulatory updates, credit criteria, and technical bulletins related to investments, banking, and accounting legislation. The contract will start on 1 March 2025 and end on 28 February 2027, with an initial period of 2 years and the option for the council to extend for up to 2 additional years. The procurement process utilised an open procedure and was classified under the CPV code 66600000 for treasury services.

This tender offers significant opportunities for SMEs, especially those specialising in financial services and treasury management, to collaborate with North Tyneside Council. Businesses that can deliver expert regulatory advice, investment strategies, and up-to-date financial market information will greatly benefit from this contract. The contract's value and the potential for extension make it an attractive prospect for growth, fostering long-term partnerships and increasing market presence in the public sector finance arena.

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Notice Information

Notice Title

Treasury Services 2025

Notice Description

To provide treasury services and advice to the Authority. Keep the Authority abreast of regulatory and market updates. Provide credit criteria and technical bulletin updates relating to Treasury, investments, banking and applicable accounting legislation. The Contract is initially for 2 years with an option, at the sole discretion of the Authority, to extend for up to a further 2 x 12 months. The Tender documentation is available to access and download immediately once organisations have registered their interest in this opportunity.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e26ae2e8-e9f1-4e0e-9177-c7cb107fcfc2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/707507d1-a184-4e6b-bc24-60bb2ac87b96
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

66600000 - Treasury services

Notice Value(s)

Tender Value
£40,000 Under £100K
Lots Value
Not specified
Awards Value
£33,800 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Feb 20251 years ago
Submission Deadline
12 Nov 2024Expired
Future Notice Date
Not specified
Award Date
6 Dec 20241 years ago
Contract Period
1 Mar 2025 - 28 Feb 2027 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
NORTH TYNESIDE COUNCIL
Contact Name
Yazmine Baddoo
Contact Email
yazmine.baddoo@northtyneside.gov.uk
Contact Phone
+44 1916435651

Buyer Location

Locality
NORTH TYNESIDE
Postcode
NE27 0BY
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
North Tyneside
Electoral Ward
Shiremoor
Westminster Constituency
Cramlington and Killingworth

Supplier Information

Number of Suppliers
1
Supplier Name

LINK TREASURY SERVICES

Further Information

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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