Published date: 17 February 2022

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 11 March 2022, 12pm

Contract summary

Industry

  • Financial and insurance services - 66000000

  • Banking and investment services - 66100000

  • Treasury services - 66600000

Location of contract

CW7 2UA

Value of contract

£0 to £62,000

Procurement reference

20220217220104-33132

Published date

17 February 2022

Closing date

11 March 2022

Closing time

12pm

Contract start date

1 April 2022

Contract end date

31 March 2027

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

The Police & Crime Commissioner for Cheshire and Cheshire Fire Authority have a requirement for a Treasury Management Consultancy Service. The contract will be for an initial term of 3 years with the option to extend for 2 periods of 12 months.

The Service should include but not necessarily be limited to the requirements outlined below.

The successful Tenderer will:-

• Fully understand the Service required by the Authority;
• Provide interest rate forecasts and advise the Authority on the formulation of suitable borrowing and investment strategies utilising the strategic options available to it appropriate to the Authority's financial objectives;
• Provide regular updates on economic and political changes which may impact on and require modification to the Authority's borrowing and investment strategies;
• Provide forecasts of movements in PWLB which affect the timing of funding with fixed rate debt, conversion of variable rate debt to fixed and the conversion of fixed rate debt to variable;
• Advise on debt re-scheduling, funding policy, volatility and maturity profile analysis;
• Advise on investment counterparty creditworthiness, including a provision of prudent parameters established in the light of information for one or more of the UK's leading credit rating agencies (currently including Fitch), various other analysts as appropriate and associations. Reports and analysis to be provided monthly or when practicable;
• Give advice and assistance to structure an appropriate investment strategy;
• Provide one day's onsite training to treasury management staff and two places for client staff per annum at any training seminars run by the contractor;
• Provide template documents and advice on:
- Treasury Management Strategy Report
- Annual Investment Strategy Document
- Annual Review Report
- Treasury Management Policy Statement
- Treasury Management Practices
- Adoption of CIPFA Code of Treasury Management
• Provide annually a Fair Value portfolio valuation for use in the client's end of year financial statements;

Attend (a minimum of) two strategy meetings per year to review the clients financial position having regard to its objectives, strategy, current financial circumstances, assets and liabilities and assist in the development of the client's funding and cash flow models.

More information

Links

About the buyer

Contact name

Laura Edwards

Address

Headquarters, Clemonds Hey, Oakmere Road,
Winsford, Cheshire
CW7 2UA
ENG

Telephone

+44 1606363853

Email

laura.edwards@cheshire.police.uk

Website

www.cheshire.police.uk