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Provision of Treasury Management Services

East Renfrewshire Council

This public procurement record has 2 releases in its history.

Award

08 Nov 2022 at 00:00

PCS Notice - Website Contract Award Notice
Tender

20 Sep 2022 at 01:00

PCS Notice - Website Contract Notice
Summary of the contracting process

East Renfrewshire Council has awarded a contract for the Provision of Treasury Management Services to Link Treasury Services. The procurement process was completed on 1st November 2022, with a contract value of £68,500 GBP. The tender was conducted using an Open procedure for services. The location of the procurement is in Giffnock, UK, and falls under the industry category of General public services. The buying organisation, East Renfrewshire Council, accepted a single bid for this contract.

This awarded contract presents an opportunity for businesses, especially small and medium enterprises with expertise in treasury management services, to compete in providing advisory and support services to East Renfrewshire Council. The contract allows for potential growth and collaboration within the financial services sector, offering a fixed annual service charge basis. Businesses interested in providing services related to financial forecasting, investment strategies, and debt management would be well-suited to engage in this procurement process.

How relevant is this notice?

Notice Information

Notice Title

Provision of Treasury Management Services

Notice Description

East Renfrewshire Council is inviting tenders, from suitably qualified companies for the provision of Treasury Management & Advisory Services to the Council. Contractors are invited to submit tenders on a fixed annual service charge basis for the whole service. This procurement will be conducted via the Public Contracts Scotland - Tender portal (PCS-T). We will apply a one stage Open procedure. Bidders must self-certify their adherence to the conditions of participation via the SPD (Scotland) in PSC-T, and may be required to submit Means of Proof before contract award. Bidders must refer to the specific requirements listed in Section III in this OJEU Contract Notice when completing the SPD in PCS-T.

Lot Information

Lot 1

Contractors are invited to submit tenders on a fixed annual service charge basis for the whole service as specified. The service required will include the provision of advice, guidance, training and technical support on all treasury management related activities through a combination of meetings, seminars and telephone email web based help facilities. Key elements of the service are listed in the bullet points detailed below: Regular review of the Council's overall financial position in view of its stated objectives Regular assessment of, and advice on, economic climate and its impact on the Council's financial strategies; Regular forecasting and advice on interest rates and their impact on the Council Identification of potential investment opportunities independent advice on creditworthiness of potential counterparties and assessment of available investment products Independent advice on borrowing strategy and timing; Identification of/independent advice on potential debt rescheduling opportunities; Support and advice on compilation of the Council's investment strategy, Treasury Management Strategy report, Annual Review report, Treasury Management Policy statement and Treasury Management Practices; Support and advice in relation to CIPFA's Code of Treasury Management, the Prudential Code and Prudential Indicators; Year End reporting including Fair Value calculations & guidance on any relevant changes to the current Accounting Code of Practice. Quarterly strategy update meetings with Council staff Nominated telephone contacts plus helpline facility Provision of in-house treasury training, for staff & members and local access to seminars etc.. Economic operators may be excluded from this competition if they are in any of the situations referred to in regulation 8 and 9 of the Procurement (Scotland) Regulations 2016. Quality weighting above are sub weighting and the overall weighting for quality is 60. Estimated value includes the 36 months + 2 x 12 month extension periods exclusive of VAT. With VAT 77400

Renewal: Option to extend by up to 2 x 12 month periods

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000706961
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV463632
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66600000 - Treasury services

Notice Value(s)

Tender Value
£64,500 Under £100K
Lots Value
£64,500 Under £100K
Awards Value
Not specified
Contracts Value
£68,500 Under £100K

Notice Dates

Publication Date
8 Nov 20223 years ago
Submission Deadline
10 Oct 2022Expired
Future Notice Date
Not specified
Award Date
1 Nov 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
once the 36 months + 2 x 12 extension periods are used

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Not Specified
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
East Renfrewshire Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GIFFNOCK
Postcode
G46 6UG
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM33 Inverclyde, East Renfrewshire, and Renfrewshire
Delivery Location
TLM83 Inverclyde, East Renfrewshire, and Renfrewshire
Local Authority
East Renfrewshire
Electoral Ward
Giffnock and Thornliebank
Westminster Constituency
East Renfrewshire

Supplier Information

Number of Suppliers
1
Supplier Name

Link Treasury Services

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP459394
    Provision of Treasury Management Services - East Renfrewshire Council is inviting tenders, from suitably qualified companies for the provision of Treasury Management & Advisory Services to the Council. Contractors are invited to submit tenders on a fixed annual service charge basis for the whole service. This procurement will be conducted via the Public Contracts Scotland - Tender portal (PCS-T). We will apply a one stage Open procedure. Bidders must self-certify their adherence to the conditions of participation via the SPD (Scotland) in PSC-T, and may be required to submit Means of Proof before contract award. Bidders must refer to the specific requirements listed in Section III in this OJEU Contract Notice when completing the SPD in PCS-T.
  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV463632
    Provision of Treasury Management Services - East Renfrewshire Council is inviting tenders, from suitably qualified companies for the provision of Treasury Management & Advisory Services to the Council. Contractors are invited to submit tenders on a fixed annual service charge basis for the whole service. This procurement will be conducted via the Public Contracts Scotland - Tender portal (PCS-T). We will apply a one stage Open procedure. Bidders must self-certify their adherence to the conditions of participation via the SPD (Scotland) in PSC-T, and may be required to submit Means of Proof before contract award. Bidders must refer to the specific requirements listed in Section III in this OJEU Contract Notice when completing the SPD in PCS-T.

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