Award

Minimum Revenue Provision Operating Model Review

SHEFFIELD CITY COUNCIL

This public procurement record has 1 release in its history.

Award

28 Nov 2024 at 16:37

Summary of the contracting process

This public procurement process, initiated by Sheffield City Council, concerns the "Minimum Revenue Provision Operating Model Review" in the Financial and Insurance Services industry category. Located in Sheffield (region UKE32), the procurement process has been completed. The procurement was executed through a direct award using Lot 2d (General Finance) of the ESPO Consultancy Services (664_21) Framework, specifically selecting Link Treasury Services Ltd, due to their existing understanding of the council's current working model. The contract, worth £215,000, was signed on 28th November 2024 to review the calculation of the Capital Financing Requirement (CFR) and the Minimum Revenue Provision (MRP) to ensure a prudent MRP charge to the revenue account.

Businesses in the financial and insurance services sector, particularly those familiar with public finance and treasury management, stand to gain substantial opportunities from such reviews. The tender offers significant potential for specialised firms like consultancy agencies, financial advisors, and auditors. Companies with established connections and experience with local authorities, or those looking to expand their service offerings in public sector finance, would find this procurement beneficial. Collaborative opportunities are also present for local or regional businesses aiming to partner with established entities like Link Treasury Services Ltd to support the delivery of financial consultancy and advisory services.

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Notice Title

Minimum Revenue Provision Operating Model Review

Notice Description

Review the calculation of the Capital Financing Requirement (CFR) and the Minimum Revenue Provision (MRP) to ensure a prudent MRP charge to the revenue account.

Lot Information

Lot 1

Review the calculation of the Capital Financing Requirement (CFR) and the Minimum Revenue Provision (MRP) to ensure a prudent MRP charge to the revenue account.

Procurement Information

A Direct Award was placed using Lot 2d (General Finance) of the ESPO Consultancy Services (664_21) Framework to the Council's current Treasury Advisers would are best placed to undertake this review within the timescales as they already understand our current working model and have built relationships with internal stakeholders who they will need to discuss things with.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04c0e5
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/038504-2024
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£215,000 £100K-£500K

Notice Dates

Publication Date
28 Nov 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
28 Nov 20241 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

Contracting Authority (Buyer)

Main Buyer
SHEFFIELD CITY COUNCIL
Contact Name
Tim Dent
Contact Email
tim.dent@sheffield.gov.uk
Contact Phone
+44 01142053646

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2HH
Post Town
Sheffield
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
TLE32 Sheffield

Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

LINK TREASURY SERVICES

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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