Published date: 8 May 2019

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


Closing: 11 February 2019

Contract summary

Industry

  • Financial consultancy services - 66171000

Location of contract

East of England

Value of contract

£80,000 to £170,000

Procurement reference

LGSS001-DN377286-75965579

Published date

8 May 2019

Closing date

11 February 2019

Contract start date

1 April 2019

Contract end date

31 March 2020

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?

Yes

Contract is suitable for VCSEs?

No

Description

Cambridgeshire County Council (CCC) (The "Authority") wishes to invite Tenders to appoint a Strategic Investment Consultant to support the initial development of our acquisitions and investments portfolio in supporting the implementation of CCC's commercial investment strategy as set out in the Specification. The successful Potential Provider(s) will be responsible for providing this service and liaising closely with the Contract Manager identified by the Authority. Cambridgeshire County Council (CCC) are in the process of developing a new Commercial Strategy (the 'Strategy') for 2019-2021 to set out CCC's strategic approach to commercial activity within the Council. Through this strategy, CCC is signaling an intention - driven by necessity - to enter a new phase of enterprise, investment and commercial growth. We will work with partners who share our ambition and values and we shall continue to put the best interests of Cambridgeshire residents at the heart of everything we do. The Strategy sets out three commercial themes which will be prioritised during this period;
 Contract management, market shaping and procurement
 Contribution and funding
 Acquisitions and investment

Under the Acquisitions and Investment theme, the Strategy states that all investment decisions should focus on achieving at least one of the following;
• Increase number and type revenue generation/ invest to earn investments - for example investment in land and property development, rental property, renewables, schemes that grow Council's business rates income, or proposals to enable existing revenue streams to be maintained longer into the future.
• Invest to save - for example, proposals to introduce new technologies, which reduce, demand and spend on Council services.
• Invest for social value - for example, proposals that will bring collective benefit to a community.
This will be done through;
• Acquiring investments that provide long term returns to support the delivery of the Council's desired outcomes;
• Creating a portfolio that balances risk and rewards that are aligned to the Council's risk appetite; ensuring the portfolio is diverse through avoiding sector and geographical concentration risks
• Developing a portfolio that yields a stable income stream for the Council;
• Making investments in assets that seek to protect the capital invested;
• Establishing a diverse portfolio that spreads risk by avoiding sector and geographical concentration risks

More information

Previous notice about this procurement

CCC: Appoint a Strategic Investment Consultant to support the implementation of commercial investment strategy

  • Opportunity
  • Published 10 January 2019

Additional text

The Authority is utilising an electronic tendering tool to manage this procurement process and communicate with Potential Providers.
There will be no hard copy documents issued to Potential Providers and all communications with The Authority including, submission of Potential Provider responses, will be conducted via The Authority's 'LGSS Procurement Portal (ProContract)
The portal is powered by ProActis and located at www.lgssprocurementportal.co.uk
Potential Providers who experience technical difficulties when using the LGSS Procurement Portal should contact the support desk Mon-Fri, 9:00 to 17:30
Tel: 0330 005 0352
Email: ProContractSuppliers@proactis.com
The deadline for completed applications to be received on the LGSS eTendering Portal is 12:00/noon on Monday 11th February 2019

Award information

Awarded date

23 April 2019

Contract start date

7 May 2019

Contract end date

6 May 2020

Total value of contract

£147,000

This contract was awarded to 1 supplier.

Redington Limited

Address

55 Baker Street,
London,
W1U 7EU.

Reference

None

Supplier is SME?

Yes

Supplier is VCSE?

No

About the buyer

Contact name

Shaun Lay

Address

Shire Hall
Castle Hill
Cambridge
CB3 0AP
United Kingdom

Telephone

+44 1223715354

Email

shaun.lay@cambridgeshire.gov.uk

Website

https://www.lgss.co.uk/about/