Treasury Management Tender London
To manage a portion of the General Fund’s assets in order to achieve better risk adjusted returns for the Council.
United Kingdom-London: Banking and investment services
Section I: Contracting authority
I.1)Name and addresses
NUTS code: UKI
I.2)Information about joint procurement
I.4)Type of the contracting authority
Section II: Object
Treasury Management Asset Backed Securities Fund
II.1.2)Main CPV code
II.1.3)Type of contract
The Council are looking to appoint an investment manager to manage a portion of the General Fund’s assets in order to achieve better risk adjusted returns for the Council The mandate will be invested in Asset Backed Securities and instruments with similar risk characteristics.
II.1.6)Information about lots
II.2.3)Place of performance
II.2.4)Description of the procurement:
The Council are looking to appoint an investment manager to manage a portion of the General Fund’s assets in order to achieve better risk adjusted returns for the Council The mandate will be invested in Asset Backed Securities and instruments with similar risk characteristics This process is being run as an accelerated restricted process Bidders may be invited by the council for clarification interviews if required.
II.2.7)Duration of the contract, framework agreement or dynamic purchasing system
Plus 5 years, plus requirements that:
1) we can withdraw our money and cancel the contract at any time and withdraw funds with a given notice period (3-6) months;
2) we reserve the right to alter the value of the portfolio at any time.
II.2.10)Information about variants
II.2.11)Information about options
II.2.13)Information about European Union funds
Section III: Legal, economic, financial and technical information
III.1.2)Economic and financial standing
III.1.3)Technical and professional ability
Section IV: Procedure
IV.1.1)Type of procedure
Use of this process is on the basis of “state of urgency”, this is justified as each day this procurement is delayed it costs the Council approximately 7 000 GBP per day in notional interest.
IV.1.8)Information about the Government Procurement Agreement (GPA)
IV.2.2)Time limit for receipt of tenders or requests to participate
IV.2.3)Estimated date of dispatch of invitations to tender or to participate to selected candidates
IV.2.4)Languages in which tenders or requests to participate may be submitted:
IV.2.6)Minimum time frame during which the tenderer must maintain the tender
Section VI: Complementary information
VI.1)Information about recurrence
VI.5)Date of dispatch of this notice: