Published date: 28 September 2018
This notice was replaced on 7 November 2018
This notice does not contain the most up-to-date information about this procurement. The most recent notice is:
Awarded contract (published 7 November 2018)
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
Financial consultancy services - 66171000
Location of contract
East of England
Value of contract
£80,000 to £170,000
Procurement reference
LGSS001-DN365745-19602373
Published date
28 September 2018
Closing date
26 October 2018
Contract start date
1 December 2018
Contract end date
30 November 2019
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 for the supply of services in respect of supporting the implementation of CCC's commercial investment strategy as set out in the Specification. The successful Potential Provider will be responsible for providing this service and liaising closely with the Contract Manager identified by the Authority. At Cambridgeshire County Council a Commercial Investment Strategy (CIS) has been developed to set out the County Council's strategic approach to commercial acquisitions. The main purpose of this document is to enable agile decisions to be taken in developing a portfolio whilst also mitigating some of the potential risks associated with this level of investment The objective of the investment portfolio is to acquire investments that make a secure and increasing contribution to the Council's revenue streams in order to support the delivery of frontline services to our communities. 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 Further details can be found in tender documentation. Please visit the LGSS Procurement Portal to formally register your interest in this opportunity and to access the documentation - www.lgssprocurementportal.co.uk.
More information
Additional text
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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 Friday 26th October 2018.
About the buyer
Contact name
LGSS Procurement
Address
Shire Hall
Castle Hill
Cambridge
CB3 0AP
England
procurement@northamptonshire.gov.uk
Website
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