Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Provision of Treasury Consultancy Services

Inverclyde Council

This public procurement record has 2 releases in its history.

Award

10 Aug 2026 at 01:00

PCS Notice - Website Contract Award Notice
Tender

04 Jun 2026 at 01:00

PCS Notice - Website Contract Notice
Summary of the contracting process

Inverclyde Council awarded a treasury consultancy services contract to support its full range of activities. The appointed adviser provides treasury management advice to council officers and elected members, covering compliance with treasury management legislation and best practice, effective risk management in treasury decisions, and achieving best value. This is a professional financial advisory service for local government rather than a supply, construction or operational works contract. Delivery is for Inverclyde Council in Greenock and across its council activities. The procurement is classified under CPV 66600000, covering treasury and financial services.

The procurement is complete and the contract was awarded through an open procedure. Arlingclose Ltd was selected for the single lot, with a contract value of £48,000. The contract was signed on 7 August 2026 and runs from 10 August 2026 to 9 August 2029, with an option to extend for 12 months to 9 August 2030 and a further extension to 9 August 2031. Two electronic bids were received, and the award followed evaluation of suitability, economic and technical capability. Bidders had to be FCA authorised and regulated, pass a Dun & Bradstreet financial assessment, hold specified liability and professional indemnity insurance, and provide two comparable examples from the previous three years.

This award demonstrates demand from Inverclyde Council for specialist treasury management advice delivered by an FCA-authorised and regulated provider. A credible competitor for a future requirement would need demonstrable local-authority treasury expertise, including legislative compliance, best-practice advice, risk management and value-for-money analysis for officers and elected members. Relevant firms should be able to show two recent examples of comparable services and withstand formal financial due diligence based on audited turnover and Dun & Bradstreet risk indicators. They would also need capacity supported by £5 million employers’ liability, £10 million public liability and £10 million professional indemnity insurance, with the ability to meet the council’s contractual and certification requirements.

How relevant is this notice?

Notice Information

Notice Title

Provision of Treasury Consultancy Services

Notice Description

Notification of Award of the below requirement: Inverclyde Council require a suitably qualified and experienced supplier to provide treasury management advice to support the full range of the Council's activities. The successful supplier will advise officers and members to ensure compliance with treasury management legislation and best practice, effective risk management in treasury management decisions and best value in treasury management.

Lot Information

Lot 1

Notification of Award of the requirement below: Inverclyde Council require a suitably qualified and experienced supplier to provide treasury management advice to support the full range of the Council's activities. The successful supplier will advise officers and members to ensure compliance with treasury management legislation and best practice, effective risk management in treasury management decisions and best value in treasury management.. 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.

Renewal: Option to extend for further 12 months until 9th August 2030 with a further option to extend until 9th August 2031.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000833656
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG561946
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66151000 - Financial market operational services

66152000 - Financial market regulatory services

66600000 - Treasury services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£48,000 Under £100K

Notice Dates

Publication Date
10 Aug 20261 months ago
Submission Deadline
1 Jul 2026Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
10 Aug 2026 - 9 Aug 2029 3-4 years
Recurrence
If all extensions utilised further notices will be published in 2031.

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Inverclyde 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
GREENOCK
Postcode
PA15 1LX
Postcode Area
Paisley
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
Inverclyde
Electoral Ward
Inverclyde North
Westminster Constituency
Inverclyde and Renfrewshire West

Supplier Information

Number of Suppliers
1
Supplier Name

Arlingclose Ltd

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN557295
    Provision of Treasury Consultancy Services - Inverclyde Council require a suitably qualified and experienced supplier to provide treasury management advice to support the full range of the Council's activities. The successful supplier will advise officers and members to ensure compliance with treasury management legislation and best practice, effective risk management in treasury management decisions and best value in treasury management.
  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG561946
    Provision of Treasury Consultancy Services - Notification of Award of the below requirement: Inverclyde Council require a suitably qualified and experienced supplier to provide treasury management advice to support the full range of the Council's activities. The successful supplier will advise officers and members to ensure compliance with treasury management legislation and best practice, effective risk management in treasury management decisions and best value in treasury management.

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...