Section one: Contracting authority
one.1) Name and addresses
Kent County Council
County Hall
Maidstone
ME14 1XQ
Contact
Mr Alexander Whelan
Country
United Kingdom
Region code
UKJ4 - Kent
Internet address(es)
Main address
Buyer's address
one.2) Information about joint procurement
The contract is awarded by a central purchasing body
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/
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
General public services
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
SC220274 - Treasury Advisor
Reference number
DN646714
two.1.2) Main CPV code
- 66000000 - Financial and insurance services
two.1.3) Type of contract
Services
two.1.4) Short description
The Council manages investments of some £500m and a debt portfolio of circa £800m. These are substantial sums of money and KCC is therefore exposed to significant financial risks including the loss of invested funds and the revenue effect of changing interest rates. KCC’s strategic objective is to control and monitor these risks and minimize their impact on its revenue budget. The role of the treasury advisor is seen as being key to the Council achieving its objective.
KCC is therefore seeking to appoint a treasury advisor to provide advice and guidance on its treasury management and investment strategy. The services provided must include investment advice and not just the provision of information. The Council will rely on the advice and information provided in making its own independent decisions on its treasury management and investment activities.
These services supplement the Council’s in-house capacity to take treasury management decisions with specialist treasury management advice enriched by high frequency contact with relevant financial institutions and their regulators and frequent consideration of a wide range of relevant sources of information and analysis relevant to the formation of such advice.
Tenderers must demonstrate that they can deliver the above service specification by explaining how they would deliver each aspect of the service within each of the following sections below. Tenderers must make sure that they fully explain how the service would be delivered. Anything that is not directly relevant should not be included. Wherever possible tenderers should demonstrate how they will go further than what is being asked for, to add value.
Candidates who wish to be considered for this opportunity are initially required to submit a Selection Questionnaire via the Kent Business Portal no later than 23rd January 2023. Documentation will be automatically issued on expression of interest on the Kent Business Portal.
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
The Council manages investments of some £500m and a debt portfolio of circa £800m. These are substantial sums of money and KCC is therefore exposed to significant financial risks including the loss of invested funds and the revenue effect of changing interest rates. KCC’s strategic objective is to control and monitor these risks and minimize their impact on its revenue budget. The role of the treasury advisor is seen as being key to the Council achieving its objective.
KCC is therefore seeking to appoint a treasury advisor to provide advice and guidance on its treasury management and investment strategy. The services provided must include investment advice and not just the provision of information. The Council will rely on the advice and information provided in making its own independent decisions on its treasury management and investment activities.
These services supplement the Council’s in-house capacity to take treasury management decisions with specialist treasury management advice enriched by high frequency contact with relevant financial institutions and their regulators and frequent consideration of a wide range of relevant sources of information and analysis relevant to the formation of such advice.
The provider will be required to provide the following Treasury advisory services to Kent County Council:
Core Specification
1. Treasury management advice
2. Market and counterparty information
3. Cashflow management and forecasting
4. Accounting support
5. Monitoring the performance of the Council’s investment and debt portfolio
6. Support for compliance with CIPFA’s guidelines for Treasury Management Reporting
7. Treasury Management Practices
8. Training for Officers and Members
9. Debt Restructuring Advice
Tenderers must demonstrate that they can deliver the above service specification by explaining how they would deliver each aspect of the service within each of the following sections below. Tenderers must make sure that they fully explain how the service would be delivered. Anything that is not directly relevant should not be included. Wherever possible tenderers should demonstrate how they will go further than what is being asked for, to add value.
Candidates who wish to be considered for this opportunity are initially required to submit a Selection Questionnaire via the Kent Business Portal no later than 23td January 2023. Documentation will be automatically issued on expression of interest on the Kent Business Portal.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
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 four. Procedure
four.1) Description
four.1.1) Type of procedure
Competitive procedure with negotiation
four.1.5) Information about negotiation
The contracting authority reserves the right to award the contract on the basis of the initial tenders without conducting negotiations
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
23 January 2023
Local time
12:00pm
four.2.4) Languages in which tenders or requests to participate may be submitted
English
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: No
six.4) Procedures for review
six.4.1) Review body
Kent County Council
Maidstone
Country
United Kingdom