Published date: 8 May 2024

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 27 April 2023, 11:59pm

Contract summary

Industry

  • Financial and insurance services - 66000000

Location of contract

ME14 1XQ

Value of contract

£150,000

Procurement reference

KENT001-DN659842-28543875

Published date

8 May 2024

Closing date

27 April 2023

Closing time

11:59pm

Contract start date

1 June 2023

Contract end date

1 June 2026

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

Kent County Council (KCC) 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. \r
\r
The Council is looking for an advisor with demonstrable Treasury Management skills and a long track record of successfully advising local authorities in this area. The Council will rely on the advice and information provided in making its own independent decisions on its treasury management and investment activities. \r
\r
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.\r
Further details of the services required by KCC can be found in the Invitation to Tender available on the Kent Business Portal (www.kentbusinessportal.org.uk) \r
\r
Candidates who wish to be considered for this opportunity are required to submit a Selection Questionnaire (SQ) and complete the Invitation to Tender (ITT) pack via the Kent Business Portal no later than 28/04/2023\r
\r
This notice is to replace the SC220274 notice as that procurement had to be cancelled due to material changes being required to the service to meet the needs of KCC. \r

More information

Previous notice about this procurement

SC230044 - Treasury Advisor Service

  • Opportunity
  • Published 30 March 2023, last edited 31 March 2023

Award information

Awarded date

3 May 2024

Contract start date

9 May 2024

Contract end date

1 June 2026

Total value of contract

£200,000

This contract was awarded to 1 supplier.

Link Treasury Services Limited

Address

EC2V 7NQ

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Alexander Whelan

Address

County Hall
Maidstone
ME14 1XQ
England

Email

alexander.whelan@kent.gov.uk

Website

http://www.kent.gov.uk