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Treasury Management Advisory Services (2024-2027)

North Lanarkshire Council

This public procurement record has 2 releases in its history.

Award

27 Jun 2024 at 01:00

PCS Notice - Website Contract Award Notice
Tender

23 May 2024 at 01:00

PCS Notice - Website Contract Notice
Summary of the contracting process

The North Lanarkshire Council is seeking Treasury Management Advisory Services for the period of 2024-2027. The Council intends to procure specialist skills and resources to manage its loan debt, investment portfolio, and cash balances efficiently. This tender presents an opportunity for businesses in the services sector, particularly those experienced in offering treasury management advice.

This procurement process by the North Lanarkshire Council is currently in the active stage. The Council seeks to work with a supplier who can provide independent and impartial advice on treasury management tailored to meet specific requirements. Businesses with expertise in financial advisory services, especially those familiar with the Scottish Local Authority market and relevant legislation, would be well-suited to compete in this open procedure.

How relevant is this notice?

Notice Information

Notice Title

Treasury Management Advisory Services (2024-2027)

Notice Description

North Lanarkshire Council (NLC) is seeking a Treasury Management Advisory service, tailored to meet our specific requirements, which provides the necessary specialist skills and resources to advise the Treasury Management function, in managing the Council's loan debt and investment portfolio, secure capital funding and manage daily cash balances at a cost demonstrating value for money.

Lot Information

Lot 1

The Council requires a Treasury Management advisor who has experience of providing advice to the Scottish Local Authority market and can provide independent and impartial advice at a strategic and operational level. This will involve support in ensuring that the Treasury Management function fully meets requirement of the applicable CIPFA codes, accounting standards and relevant legislation. Advice will also be required in the adoption of a tactical and strategic approach in the development of the Council's Investment and Borrowing Strategies. The Council may also look to work closely with the advisor to assess and evaluate different borrowing and investment scenarios and outcomes, including debt rescheduling, drawing on their experience and specialist knowledge.. Economic operators may be excluded from this competition if they are in any of the situations referred to in regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Renewal: Initial contract period is 36 months with option to extend for an additional 12 months. Any extension to the initial contract period is at the sole discretion of the Council.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000767073
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN508481
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

66170000 - Financial consultancy, financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£90,000 Under £100K
Lots Value
£90,000 Under £100K
Awards Value
Not specified
Contracts Value
£87,000 Under £100K

Notice Dates

Publication Date
27 Jun 20242 years ago
Submission Deadline
6 Jun 2024Expired
Future Notice Date
Not specified
Award Date
25 Jun 20242 years ago
Contract Period
Not specified - Not specified
Recurrence
12 months prior to the expiry of the initial contract unless the contract is extended, it will be 12 months later.

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
North Lanarkshire 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
MOTHERWELL
Postcode
ML1 1AB
Postcode Area
Motherwell
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM34 North Lanarkshire
Delivery Location
TLM84 North Lanarkshire
Local Authority
North Lanarkshire
Electoral Ward
Motherwell South East and Ravenscraig
Westminster Constituency
Motherwell, Wishaw and Carluke

Supplier Information

Number of Suppliers
1
Supplier Name

Arlingclose Ltd

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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