Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

https://www.financial-ombudsman.org.uk/

Financial Ombudsman Service

This public procurement record has 2 releases in its history.

Award

29 Jun 2023 at 08:42

Award Notice
Tender

16 Mar 2023 at 11:04

Tender Notice
Summary of the contracting process

The Financial Ombudsman Service has completed an award process for a 24-month contract, extendable for an additional 24 months, to provide treasury services for short-term deposits. The procurement method used was an open procedure. The service falls under the "services" main procurement category, with a focus on agency treasury services. The awarded contract, entitled "Agency Treasury Services," worth £452,400 GBP, was awarded to Link Treasury Services Limited. The buying organisation is located in London, United Kingdom, and the procurement process reached the award stage on 28th June 2023.

This contract opportunity presents potential growth for businesses specializing in treasury services and financial consultancy. SMEs and large-scale agencies with expertise in short-term deposits and investment management would find this tender well-suited for competition. The procurement process offers the opportunity to work closely with the Financial Ombudsman Service, a public body with a focus on economic affairs, in providing essential financial services. Interested businesses should consider the high-quality criteria set out for the award, such as performance management, organisational approach, and approach and solution, which constitute key evaluation aspects of the procurement process.

How relevant is this notice?

Notice Information

Notice Title

https://www.financial-ombudsman.org.uk/

Notice Description

24 month contract with the option to extend for up to an additional 24 months for the provision of treasury services for short term deposits

Lot Information

Lot 1

Provision of agency treasury services to advise and coordinate short term deposits of cash balances with nominated financial institutions in line with the Financial Ombudsman's investment policy.

Options: option to extend contract up to an additional 24 months

Renewal: Option to extend for up to 24 months

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03b352
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/018472-2023
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66600000 - Treasury services

Notice Value(s)

Tender Value
£470,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£452,400 £100K-£500K

Notice Dates

Publication Date
29 Jun 20233 years ago
Submission Deadline
17 Apr 2023Expired
Future Notice Date
Not specified
Award Date
28 Jun 20233 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Financial Ombudsman Service
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
E14 9SR
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLI London
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

Link Treasury Services Limited

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...