Tender for Treasury Management Services

Tender for Treasury Management Services

Opportunity to Tender for the Provision of Treasury Management Services to South Northamptonshire Council and Cherwell District Council.

Council:
Cherwell District Council
Category:
Financial Services
DATES
Planned Start Date:
01/04/2013
Planned End Date:
31/03/2015
Last Date for Expressing Interest:
28/11/2012
CONTRACT OPTIONS
OJEU Flag:
No
Open to Other Councils:
Yes
VALUE
Estimated Quantity:
0
Estimated Annual Value:
15,000
Estimated Total Contract Value:
60,000
COUNCIL CONTACT DETAILS
Name:
Viv Hichens
Telephone Number:
01295 753747
Email:
viv.hichens@cherwell-dc.gov.uk
Department:
Procurement 1
KEYWORDS & NOTES DETAILS
Notes:
Cherwell District Council and South Northamptonshire Council are inviting Tenders via an open
procedure for the Provision of Treasury Management Services for a period of two years beginning
on 1st April 2013.
The period of the Contract may be extended by a period or a number of periods not exceeding two
years subject to the agreement of the Council and the successful Bidder.
Oxford City Council has also expressed an interest in drawing down upon the contract let as a result
of this exercise, but has as yet made no commitment with the option of extending their existing
contract for a further year from 1st April 2013.
While each Council will enter into a separate contract with the successful Bidder on the same terms
provided with the Invitation to Tender, there is a joint Finance team in place across South
Northamptonshire Council and Cherwell District Council with the expectation that this will enable the
successful provider to provide savings in terms of operational and management costs.
The Councils wish to achieve a cost effective service in which the Contractor provides a high quality
approach through the application of proven skills and experience and adherence to standards. In
particular the Councils require:
· Strategic advice to deliver each Council’s Treasury Strategy;
· Interest rate forecasting and economic advice;
· Portfolio structure and volatility;
· Debt restructuring and repayment;
· Borrowing;
· Investment policy;
· Credit ratings;
· Training.
To request a tender pack, please email Viv Hichens at the following email address:
viv.hichens@cherwell-dc.gov.uk
The deadline for submissions is 12 noon on 28th November 2012.
The Councils do not bind themselves to accept the lowest or any Tender that is received.
ATTACHMENTS
Attachments: