Published date: 31 March 2023

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


Closing: 23 January 2023, 12pm

Contract summary

Industry

  • Financial and insurance services - 66000000

Location of contract

North East, North West, Yorkshire and the Humber, East Midlands, West Midlands, East of England, London, South East, South West, Scotland, Wales, Northern Ireland

Value of contract

£350,000

Procurement reference

KENT001-DN646714-71249192

Published date

31 March 2023

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

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

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.\r
These are substantial sums of money and KCC is therefore exposed to significant financial\r
risks including the loss of invested funds and the revenue effect of changing interest rates.\r
KCC's strategic objective is to control and monitor these risks and minimize their impact on\r
its revenue budget. The role of the treasury advisor is seen as being key to the Council\r
achieving its objective.\r
\r
KCC is therefore seeking to appoint a treasury advisor to provide advice and guidance on its\r
treasury management and investment strategy. The services provided must include\r
investment advice and not just the provision of information. The Council will rely on the\r
advice and information provided in making its own independent decisions on its treasury\r
management and investment activities.\r
\r
These services supplement the Council's in-house capacity to take treasury management\r
decisions with specialist treasury management advice enriched by high frequency contact\r
with relevant financial institutions and their regulators and frequent consideration of a wide\r
range of relevant sources of information and analysis relevant to the formation of such\r
advice.\r
\r
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.\r
\r
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. \r

More information

Previous notice about this procurement

SC220274 - Treasury Advisor (1)

  • Awarded contract
  • Published 31 March 2023

Award information

Awarded date

31 March 2023

Contract start date

1 April 2023

Contract end date

2 April 2023

Total value of contract

£0

This contract was awarded to 1 supplier.

None Award

Address

None Award

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

Additional details

This notice has been published to inform the market of the cancellation of KCC's current procurement for treasury management services SC220274. The procurement has been cancelled as material changes are required to the services procured to meet the needs of KCC.

About the buyer

Contact name

Alexander Whelan

Address

County Hall
Maidstone
ME14 1XQ
England

Email

alexander.whelan@kent.gov.uk

Website

http://www.kent.gov.uk