Section one: Contracting authority
one.1) Name and addresses
Ashford Borough Council
International House
ASHFORD
TN231HU
Contact
Stephanie Leonard
stephanie.leonard@ashford.gov.uk
Telephone
+44 1233330371
Country
United Kingdom
NUTS code
UKJ45 - Mid Kent
Justification for not providing organisation identifier
Not on any register
Internet address(es)
Main address
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
https://www.kentbusinessportal.org.uk/
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
https://www.kentbusinessportal.org.uk/
Electronic communication requires the use of tools and devices that are not generally available. Unrestricted and full direct access to these tools and devices is possible, free of charge, at
https://www.kentbusinessportal.org.uk/
one.4) Type of the contracting authority
Regional or local authority
one.5) Main activity
General public services
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Treasury Management Specialist Advice
Reference number
DN758574
two.1.2) Main CPV code
- 66000000 - Financial and insurance services
two.1.3) Type of contract
Services
two.1.4) Short description
TREASURY/25/1 Ashford Borough Council is looking to procure Treasury Management Specialist Advice Services. The services will cover;
4.1.1 providing investment advice;
4.1.2 providing interest rate and economic forecasts and assistance for the formulation of an in house investment strategy;
4.1.3 identify a client manager who will facilitate regular strategy meetings and act as a key point of contact with the Council;
4.1.4 pro active updates on economic and political changes that may require modification to investment strategies;
4.1.5 advice on the Council's Annual Investment Strategy;
4.1.6 advice/alerts on counterparty creditworthiness, including updates on changes in ratings;
4.1.7 provision of suitable Local Authority (LA) treasury templates and advice on maintaining:
4.1.8 determination of and assistance with Prudential Indicators;
4.1.9 provision of advice on preparation of the annual Statement of Accounts with reference to treasury management/ financial instrument items advised by the Chartered Institute of Public Finance and Accountancy (CIPFA) Code;
4.1.10 assistance in technical discussions with auditors;
4.1.11 advice on technical issues, capital finance and accounting advice;
4.1.12 at least two places at each of the Tenderer's usual seminars, training courses, workshops and treasury strategy meetings;
4.1.13 capital finance and accounting advice to reflect best practice and changes in statutes, regulations and accounting rules appropriate to a local authority;
4.1.14 advice on leasing;
4.1.15 benchmarking information and analysis quarterly;
4.1.16 practical support in monitoring treasury management performance/practices;
4.1.17 advice on debt management, scheduling, borrowing strategy and movement in Public Works Loan Board (PWLB) rates;
4.1.18 assistance in any technical discussion with internal and external auditors on treasury management/financial instruments and related accounting advice if necessary;
4.1.19 website access to any dedicated area applicable to local authorities.
4.1.20 attendance (virtual or in person) to present to members of the Council (usually annually) to give insight into the Council's Treasury Management Activity.
two.1.5) Estimated total value
Value excluding VAT: £245,000
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.3) Place of performance
NUTS codes
- UKJ4 - Kent
two.2.4) Description of the procurement
TREASURY/25/1 Ashford Borough Council is looking to procure Treasury Management Specialist Advice Services. The services will cover;
4.1.1 providing investment advice;
4.1.2 providing interest rate and economic forecasts and assistance for the formulation of an in house investment strategy;
4.1.3 identify a client manager who will facilitate regular strategy meetings and act as a key point of contact with the Council;
4.1.4 pro active updates on economic and political changes that may require modification to investment strategies;
4.1.5 advice on the Council's Annual Investment Strategy;
4.1.6 advice/alerts on counterparty creditworthiness, including updates on changes in ratings;
4.1.7 provision of suitable Local Authority (LA) treasury templates and advice on maintaining:
4.1.8 determination of and assistance with Prudential Indicators;
4.1.9 provision of advice on preparation of the annual Statement of Accounts with reference to treasury management/ financial instrument items advised by the Chartered Institute of Public Finance and Accountancy (CIPFA) Code;
4.1.10 assistance in technical discussions with auditors;
4.1.11 advice on technical issues, capital finance and accounting advice;
4.1.12 at least two places at each of the Tenderer's usual seminars, training courses, workshops and treasury strategy meetings;
4.1.13 capital finance and accounting advice to reflect best practice and changes in statutes, regulations and accounting rules appropriate to a local authority;
4.1.14 advice on leasing;
4.1.15 benchmarking information and analysis quarterly;
4.1.16 practical support in monitoring treasury management performance/practices;
4.1.17 advice on debt management, scheduling, borrowing strategy and movement in Public Works Loan Board (PWLB) rates;
4.1.18 assistance in any technical discussion with internal and external auditors on treasury management/financial instruments and related accounting advice if necessary;
4.1.19 website access to any dedicated area applicable to local authorities.
4.1.20 attendance (virtual or in person) to present to members of the Council (usually annually) to give insight into the Council's Treasury Management Activity.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.6) Estimated value
Value excluding VAT: £245,000
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
84
This contract is subject to renewal
Yes
Description of renewals
2 year contract with possible extension of +1+1+1+1+1
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: Yes
Description of options
At the expiry of the initial term.
Section three. Legal, economic, financial and technical information
three.1) Conditions for participation
three.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
three.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
four.2) Administrative information
four.2.2) Time limit for receipt of tenders or requests to participate
Date
10 February 2025
Local time
10:00am
four.2.4) Languages in which tenders or requests to participate may be submitted
English
four.2.6) Minimum time frame during which the tenderer must maintain the tender
Duration in months: 4 (from the date stated for receipt of tender)
four.2.7) Conditions for opening of tenders
Date
10 February 2025
Local time
10:01am
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: Yes
Estimated timing for further notices to be published: At expiry of contract.
six.2) Information about electronic workflows
Electronic ordering will be used
Electronic invoicing will be accepted
Electronic payment will be used
six.4) Procedures for review
six.4.1) Review body
Public Procurement Review Service
London
publicprocurementreview@cabinetoffice.gov.uk
Telephone
+44 3450103503
Country
United Kingdom
Internet address
https://www.gov.uk/government/publications/public-procurement-review-service-scope-and-remit