Watford Borough Council is using Delta eSourcing to run this tender exercise
| Notice Summary |
|---|
| Title: | GB-Rickmansworth: Treasury Management Services |
| Notice type: | Competitive Contract Notice |
| Authority: | Watford Borough Council |
| Nature of contract: | Not applicable |
| Procedure: | Not applicable |
| Short Description: | The finance function for Three Rivers District Council (TRDC) and Watford Borough Council (WBC) is delivered under a shared service arrangement, which is hosted by TRDC. The Shared Finance Service undertakes the treasury management function for both councils. The finance team recognises that gaining access to both general and specific advice concerning treasury management from an external provider would likely result in positive benefits, over costs, to both authorities. The contract with our current treasury management advisor ends on 31st October 2024. Therefore, the finance shared service is looking to procure treasury management advisory services, by inviting those organisations that meet the requirements as detailed in this specification to submit a tender to bid for said services. The new contract will run for an initial period of three years from 1st November 2024 to 31st October 2027 with the possibility of extending the contract for a further two years after the initial three years. The contact will be let either as two individual contracts for each authority or as a single joint contract across the two authorities, however in the event of a single joint contract award, it is expected that the liability cover and duty of care would be extended to both authorities. The specification of requirements will be the same for both authorities and the scoring mechanism will be done as one, with the same outcome and contract award for both authorities. Please find the tender documents and instructions as part of this tender |
| Published: | 23/08/2024 14:38 |
View Full Notice
1. Title: GB-Rickmansworth: Treasury Management Services
2. Awarding Authority:
Three Rivers District Council
Northway, Rickmansworth, WD3 1RL, United Kingdom
Tel. 01923 278370, Email: derek.hatcher@watford.gov.uk, URL: https://www.threerivers.gov.uk
Contact: Derek Hatcher, Attn: Derek Hatcher
3. Contract Type: Services
Sub Type: Financial services: Insurance services and Banking and investment services.
4. Description: Treasury services. The finance function for Three Rivers District Council (TRDC) and Watford Borough Council (WBC) is delivered under a shared service arrangement, which is hosted by TRDC. The Shared Finance Service undertakes the treasury management function for both councils.
The finance team recognises that gaining access to both general and specific advice concerning treasury management from an external provider would likely result in positive benefits, over costs, to both authorities. The contract with our current treasury management advisor ends on 31st October 2024. Therefore, the finance shared service is looking to procure treasury management advisory services, by inviting those organisations that meet the requirements as detailed in this specification to submit a tender to bid for said services.
The new contract will run for an initial period of three years from 1st November 2024 to 31st October 2027 with the possibility of extending the contract for a further two years after the initial three years.
The contact will be let either as two individual contracts for each authority or as a single joint contract across the two authorities, however in the event of a single joint contract award, it is expected that the liability cover and duty of care would be extended to both authorities. The specification of requirements will be the same for both authorities and the scoring mechanism will be done as one, with the same outcome and contract award for both authorities.
Please find the tender documents and instructions as part of this tender
5. CPV Codes:
66600000 - Treasury services.
6. NUTS Codes :
UKH23 - Hertfordshire
7. Main Site or Location of Works, Main Place of Delivery or Main Place of Performance: Hertfordshire,
8. Reference Attributed by the Awarding Authority:
9. Estimated Value of Requirement: Category J: 25K to 50K
Currency: GBP
10. Deadline for Expression of Interest: 20/09/2024 10:00:00
11. Address to which they must be sent:
Not Provided
12. Other Information:
Other Information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.
For more information about this opportunity, please visit the Delta eSourcing portal at:
https://www.delta-esourcing.com/tenders/UK-GB-Rickmansworth:-Treasury-Management-Services/P33Z8E6Z7R
To respond to this opportunity, please click here:
https://www.delta-esourcing.com/respond/P33Z8E6Z7R
TKR-2024823-PRO-27480871
Suitable for VCO: No
Procedure Type:OPEN
Period of Work Start date: 01/11/2024
Period of Work End date: 31/10/2029
Is this a Framework Agreement?: no