Invitation to Tender – Treasury Management Consultancy

Invitation to Tender – Treasury Management Consultancy

Christchurch Borough Council And East Dorset District Council Invitation To Tender For Treasury Management Advice Services Christchurch Borough Council and East Dorset District Council are two separate sovereign local authorities who are working together in partnership to deliver services.

TREASURY MANAGEMENT CONSULTANCY

EAST DORSET DISTRICT COUNCIL

Contract summary

Industry

Finance and Related Services

Location of contract

South West

Value of contract (£)

£1

Published date

28 July 2015

Closing date

15 September 2015

Contract start date

15 October 2015

Contract end date

14 October 2018

Description

Christchurch Borough Council And East Dorset District Council Invitation To Tender For Treasury Management Advice Services Christchurch Borough Council and East Dorset District Council are two separate sovereign local authorities who are working together in partnership to deliver services. The financial services team provides a range of services to the partnership, including treasury management. At present treasury management comprises the investment of surplus cash flows as both Councils are currently debt free, although this may change in the future. Whilst maximising return is important, the overriding concern is the security of the principal invested. Each Council has a different bank provider, and makes its investments from these accounts without pooling resources. Investments tend to be short term cash deposits with banks, building societies, other Local Authorities or the Debt Management Office. Average levels of investment are £22m for East Dorset and £13m for Christchurch. The two Councils have aligned their treasury management practices, policies and strategies so that each is permitted to invest with institutions of the same credit rating. Up to date information and advice concerning credit ratings of potential counter parties is vital to the financial services team, as is a close working arrangement with external Treasury Management advisors in obtaining advice and guidance concerning treasury management and specific local authority issues. East Dorset is the lead authority for this contract, which covers advice to both sovereign authorities. Tenders that are submitted will be scored according to price and quality. The service specification details the services that are being tendered for. Each of the eleven services will be scored out of 3 to give a maximum quality score of 33 points (60%). The lowest price tender will receive 22 points (40%) with higher priced tenders receiving proportionally fewer points. An example scoring matrix and pricing formula is attached to this tender for information. . Only tenders from organisations that are authorised and regulated by the Financial Conduct Authority will be considered.

About the buyer

Contact name

Debbie Wiltshire

Address

East Dorset District Council, Council Offices, Furzehill,

Wimborne

BH21 4HN

England

Telephone

01202 795033

Email

dwiltshire@christchurchandeastdorset.gov.uk

Website

www.dorsetforyou.com

Other information

Attachments

East Dorset TM Practices

EDDC TM Practices Feb 2015.pdf

Christchurch TM Practices

CBC TM Practices Feb 2015.pdf

East Dorset TM Strategy

EDDC TM Strategy Feb 2015.pdf

Example Scoring Matrix

TM Scoring Matrix July 2015.pdf

Christchurch TM Strategy

CBC TM Strategy Feb 2015.pdf

Services Specification

Treasury Management Services Specification July 2015.pdf

How to apply

Please apply directly to the buyer using the contact details provided.

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