Published date: 26 May 2022

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


Closing: 1 March 2022, 12pm

Contract summary

Industry

  • Treasury services - 66600000

Location of contract

NN16 8TL

Value of contract

£10,000

Procurement reference

NNC_TMCS_2022

Published date

26 May 2022

Closing date

1 March 2022

Closing time

12pm

Contract start date

1 April 2022

Contract end date

31 March 2026

Contract type

Service contract

Procedure type

Competitive quotation (below threshold)

The buyer selects a group of potential suppliers to invite to tender.

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

Quotations are invited for the provision of treasury management consultancy service to the Council Treasury.

The Treasury function provides a vital service to the Council as it is responsible for managing the Council's borrowing needs to support the capital programme. The Council's debt currently stands at £473m as at 31st December 2021.

The treasury function also manages the Council's investments which is made up of provisions, reserves and investment balances. This stood at £230m as at 31st December 2021.

This is a service for treasury management consultancy to a local authority and it is expected that the supplier will be able to cover all aspects of treasury management advice to the Council. This includes training of officers and Council Members and provision of technical updates as necessary, including provision of guidance documents to assist with meeting report requirements to the Council and its Committees.

The Supplier will be expected to assist the treasury function to be able to produce the below six reports to the Council/sub committees of the Council annually:
i. Treasury Management Strategy Statement (TMSS), Annual Investment Strategy (AIS) and Minimum Revenue Provision Policy (MRPP) in February;
ii. Mid-year update on Treasury Management report in September;
iii. Four quarterly treasury management updates for quarters ending March, June, September and December.

Should you wish to take part in the selection process please complete this RFQ and return via e-mail to the Officer detailed in the table below no later than the Deadline for Submission of Bids of 23rd February 2022.

Name Dapo Shonola
Job Title Senior Finance Business Partner - Treasury & Tax
E-Mail address: Dapo.Shonola@northnorthants.gov.uk

More information

Previous notice about this procurement

NNC - Treasury Management Consultancy Service

  • Opportunity
  • Published 3 February 2022, last edited 16 February 2022

Attachments

Award information

Awarded date

11 March 2022

Contract start date

1 April 2022

Contract end date

31 March 2026

Total value of contract

£45,000

This contract was awarded to 1 supplier.

ARLINGCLOSE LIMITED

Address

35 Chiswell Street
LONDON
EC1Y 4SE
GB

Reference

Companies House number: 02853836

Value of contract

£45,000

Supplier is SME?

Yes

Supplier is VCSE?

No

About the buyer

Contact name

Dapo Shonola

Address

Sheerness House
41 Meadow Road
KETTERING
NN16 8TL
England

Telephone

07974197817

Email

dapo.shonola@northnorthants.gov.uk

Website

https://northnorthants.gov.uk