Published date: 23 December 2022
This notice was replaced on 31 March 2023
This notice does not contain the most up-to-date information about this procurement. The most recent notice is:
Awarded contract (published 31 March 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
Location of contract
United Kingdom
Value of contract
£350,000
Procurement reference
KENT001-DN646714-71249192
Published date
23 December 2022
Closing date
23 January 2023
Closing time
12pm
Contract start date
1 April 2023
Contract end date
31 March 2026
Contract type
Service contract
Procedure type
Negotiated procedure
Contract is suitable for SMEs?
No
Contract is suitable for VCSEs?
No
Description
The Council manages investments of some £500m and a debt portfolio of circa £800m.
These are substantial sums of money and KCC is therefore exposed to significant financial
risks including the loss of invested funds and the revenue effect of changing interest rates.
KCC's strategic objective is to control and monitor these risks and minimize their impact on
its revenue budget. The role of the treasury advisor is seen as being key to the Council
achieving its objective.
KCC is therefore seeking to appoint a treasury advisor to provide advice and guidance on its
treasury management and investment strategy. The services provided must include
investment advice and not just the provision of information. The Council will rely on the
advice and information provided in making its own independent decisions on its treasury
management and investment activities.
These services supplement the Council's in-house capacity to take treasury management
decisions with specialist treasury management advice enriched by high frequency contact
with relevant financial institutions and their regulators and frequent consideration of a wide
range of relevant sources of information and analysis relevant to the formation of such
advice.
Tenderers must demonstrate that they can deliver the above service specification by explaining how they would deliver each aspect of the service within each of the following sections below. Tenderers must make sure that they fully explain how the service would be delivered. Anything that is not directly relevant should not be included. Wherever possible tenderers should demonstrate how they will go further than what is being asked for, to add value.
Candidates who wish to be considered for this opportunity are initially required to submit a Selection Questionnaire via the Kent Business Portal no later than 23rd January 2023. Documentation will be automatically issued on expression of interest on the Kent Business Portal.
About the buyer
Contact name
Alexander Whelan
Address
County Hall
Maidstone
ME14 1XQ
England
Website
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