Section one: Contracting authority
one.1) Name and addresses
Torus62 Limited
Helena Central, 4 Corporation Street
St Helens
WA9 1LD
Contact
Kate Ryan
Telephone
+44 7738716643
Country
United Kingdom
NUTS code
UKD - North West (England)
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.delta-esourcing.com/tenders/UK-UK-St-Helens:-Treasury-services./NB9772KWJR
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted to the above-mentioned address
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Housing and community amenities
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Provision of Treasury Advisory Services
two.1.2) Main CPV code
- 66600000 - Treasury services
two.1.3) Type of contract
Services
two.1.4) Short description
Provision of treasury advisory and related services covering all areas of treasury.
two.1.5) Estimated total value
Value excluding VAT: £250,000
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.3) Place of performance
NUTS codes
- UKD - North West (England)
Main site or place of performance
NORTH WEST (ENGLAND)
two.2.4) Description of the procurement
Torus are looking to seek an adisory for the provision of treasury advisory and related services covering all areas of treasury. The advisors will operate under a contract that will be in two parts, a retained fixed fee for regular treasury service, and a daily rate for more bespoke additional treasury advice. The advisors will operate partly under a retained fixed fee arrangement covering the following treasury services:
•Information – regular stream of daily, weekly and monthly information and forecasts
•credit worthiness date - weekly credit lists that set out ratings and rating actions from the three main ratings agencies and, where available, credit default spreads
•helpline - telephone access to members of the treasury housing team to seek reasonable advice on day-to-day treasury management and funding to include a nominated consultant to be assigned to Torus?
•business plan - provision of suggested assumptions for inflation and interest rates, which take account of forecasts. Funders eye review of the business plan, review stress testing and assistance with the production of board business plan reports
•annual treasury strategy – preparation and implementation of the annual treasury management strategy which sets out the recommendations for the short and medium-term management of Torus’s treasury operations
•supporting existing funding relationships - advising on the interpretation of loan agreements, providing analysis and arguments for discussion with lenders
•treasury management policy and procedures - annual review of Torus’s policy to ensure that it is appropriate for us and complies with best practice and recommend changes where necessary
•technical updates and training - updates on current issues
•investments - provision of details on available deposit rates and opportunities for improving the investment strategy
•management information systems and treasury reporting systems
•training and knowledge transfer – tailored training to board members and staff
Additional specialist Treasury advice that will fall outside the scope of the retained services listed above but not limited to the following:
Such additional services include:
•Structuring and negotiation of loan facilities
•Capital market loans
•Restructuring of loan facilities
•Adoption of the wider rules on treasury management
•Negotiation of credit lines for standalone swaps
•Financial modelling
•Feasibility and viability studies
•Review of business plans
•Joint venture arrangements
two.2.5) Award criteria
Quality criterion - Name: Quality / Weighting: 70
Cost criterion - Name: Cost / Weighting: 30
two.2.6) Estimated value
Value excluding VAT: £250,000
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
36
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
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: No
four.2) Administrative information
four.2.2) Time limit for receipt of tenders or requests to participate
Date
25 January 2022
Local time
12:00pm
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
Tender must be valid until: 26 January 2022
four.2.7) Conditions for opening of tenders
Date
26 January 2022
Local time
12:00pm
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: No
six.2) Information about electronic workflows
Electronic invoicing will be accepted
six.3) Additional 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-UK-St-Helens:-Treasury-services./NB9772KWJR
To respond to this opportunity, please click here:
https://www.delta-esourcing.com/respond/NB9772KWJR
GO Reference: GO-20211215-PRO-19397058
six.4) Procedures for review
six.4.1) Review body
Torus62 Limited
St Helens
Country
United Kingdom
six.4.2) Body responsible for mediation procedures
Golden Gates Housing
Bank House
Warrington
WA1 1RH
Telephone
+44 1925452409
Country
United Kingdom