Treasury Services Contract London

The Financial Ombudsman Service requirement for treasury services to manage our cash in line with our investment policy and risk appetite.

United Kingdom-London: Treasury services

2019/S 053-122293

Contract notice

Services

Legal Basis:

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

Financial Ombudsman Service
Exchange Tower, Harbour Exchange Square,
London
E14 9SR
United Kingdom
Contact person: Emily Smith-Adams
Telephone: +44 2079640562
E-mail: procurement.enquiries@financial-ombudsman.org.uk
NUTS code: UKI

Internet address(es):Main address: https://www.financial-ombudsman.org.uk/

I.2)Information about joint procurement

I.3)Communication

The procurement documents are available for unrestricted and full direct access, free of charge, at: https://procurement.financial-ombudsman.org.uk/web/login.html

Additional information can be obtained from the abovementioned address

Tenders or requests to participate must be submitted electronically via: https://procurement.financial-ombudsman.org.uk/web/login.html

Tenders or requests to participate must be submitted to the abovementioned address

I.4)Type of the contracting authority

Body governed by public law

I.5)Main activity

Economic and financial affairs

Section II: Object

II.1)Scope of the procurement

II.1.1)Title:

Contract for the Provision of Treasury Services

II.1.2)Main CPV code

66600000

II.1.3)Type of contract

Services

II.1.4)Short description:

The Financial Ombudsman Service (the Ombudsman) requirement for treasury services to manage our cash in line with our investment policy and risk appetite by:

— monitoring our daily cash position,

— investing our surplus funds on the money market,

— monitoring our counter-parties performance in line with our investment policy,

— conducting and review of annual our investment policy and strategy and where appropriate recommending changes to ensure it remains fit for purpose.

II.1.5)Estimated total value

Value excluding VAT: 700 000.00 GBP

II.1.6)Information about lots

This contract is divided into lots: no

II.2)Description

II.2.1)Title:

II.2.2)Additional CPV code(s)

66100000

66122000

66600000

II.2.3)Place of performance

NUTS code: UKI

Main site or place of performance:

Exchange Tower, London E14 9GE.

II.2.4)Description of the procurement:

Contract for the provision of treasury services.

II.2.5)Award criteria

Price is not the only award criterion and all criteria are stated only in the procurement documents

II.2.6)Estimated value

Value excluding VAT: 700 000.00 GBP

II.2.7)Duration of the contract, framework agreement or dynamic purchasing system

Duration in months: 60

This contract is subject to renewal: yes

Description of renewals:

The Authority proposes to enter into the contract for an initial 48 months with the option to extend by up to an additional twelve (12) months extension at the absolute discretion of the Authority.

II.2.10)Information about variants

Variants will be accepted: no

II.2.11)Information about options

Options: no

II.2.12)Information about electronic catalogues

II.2.13)Information about European Union funds

The procurement is related to a project and/or programme financed by European Union funds: no

II.2.14)Additional information

Section III: Legal, economic, financial and technical information

III.1)Conditions for participation

III.1.1)Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers

III.1.2)Economic and financial standing

Selection criteria as stated in the procurement documents

III.1.3)Technical and professional ability

Selection criteria as stated in the procurement documents

III.1.5)Information about reserved contracts

III.2)Conditions related to the contract

III.2.1)Information about a particular profession

III.2.2)Contract performance conditions:

III.2.3)Information about staff responsible for the performance of the contract

Section IV: Procedure

IV.1)Description

IV.1.1)Type of procedure

Open procedure

IV.1.3)Information about a framework agreement or a dynamic purchasing system

IV.1.4)Information about reduction of the number of solutions or tenders during negotiation or dialogue

IV.1.6)Information about electronic auction

IV.1.8)Information about the Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: no

IV.2)Administrative information

IV.2.1)Previous publication concerning this procedure

IV.2.2)Time limit for receipt of tenders or requests to participate

Date: 10/04/2019

Local time: 12:00

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:

English

IV.2.6)Minimum time frame during which the tenderer must maintain the tender

Duration in months: 3 (from the date stated for receipt of tender)

IV.2.7)Conditions for opening of tenders

Date: 10/04/2019

Local time: 12:30

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: yes

VI.2)Information about electronic workflows

Electronic ordering will be used

Electronic invoicing will be accepted

Electronic payment will be used

VI.3)Additional information:

VI.4)Procedures for review

VI.4.1)Review body

Financial Ombudsman Service
Exchange Tower
London
E14 9GE
United Kingdom
E-mail: procurement.enquiries@financial-ombudsman.org.ukInternet address: https://www.financial-ombudsman.org.uk/

VI.4.2)Body responsible for mediation procedures

Financial Ombudsman Service
Exchange Tower
London
E14 9GE
United Kingdom
E-mail: procurement.enquiries@financial-ombudsman.org.ukInternet address: https://www.financial-ombudsman.org.uk/

VI.4.3)Review procedure

VI.4.4)Service from which information about the review procedure may be obtained

Financial Ombudsman Service
Exchange Tower
London
E14 9GE
United Kingdom
E-mail: procurement.enquiries@financial-ombudsman.org.uk

Internet address: https://www.financial-ombudsman.org.uk/

VI.5)Date of dispatch of this notice:

12/03/2019