Published date: 24 October 2022

This notice was replaced on 17 January 2023

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 17 January 2023)

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.


Contract summary

Industry

  • Financial and insurance services - 66000000

  • Treasury services - 66600000

Location of contract

United Kingdom

Value of contract

£0

Procurement reference

WOLVCITY001-DN639384-58718920

Published date

24 October 2022

Closing date

25 November 2022

Closing time

12pm

Contract start date

1 January 2023

Contract end date

31 December 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?

Yes

Description

City of Wolverhampton Council is seeking to appoint an organisation to act as a Treasury Management Advisor.
This will be an initial term of three (3) years with the option for two (2), one (1) year extensions. The total contract will not exceed five (5) years
The successful company will provide interest rate forecasts and advise on the formulation of suitable borrowing and investment strategies utilising the strategic options available to it appropriate to the Council's financial objectives
The successful company will advise on debt rescheduling, volatility and maturity profile analysis. Advice on investment counterparty creditworthiness, including provision of prudent parameters established in light of information from the UK's leading credit rating agencies, various other analysts as appropriate and other appropriate market intelligence in light of recent Audit Commission and Chartered Institute Public Finance and Accountancy (CIPFA) publications shall be provided to City of Wolverhampton Council. Reports and analyses are to be provided weekly or when practicable. Details of any individual counterparty credit rating changes to be advised, as a matter of urgency, as they occur.

More information

Links

About the buyer

Contact name

Alison Porter

Address

Civic Centre
St Peters Square
Wolverhampton
WV1 1RL
United Kingdom

Telephone

+44 1902554025

Email

Alison.porter2@wolverhampton.gov.uk

Website

http://www.wolverhampton.gov.uk