Contract notice
Section I: Contracting
authority
I.1) Name and addresses
Ashford Borough Council
International House
ASHFORD
TN231HU
UK
Contact person: Stephanie Leonard
Telephone: +44 1233330371
E-mail: stephanie.leonard@ashford.gov.uk
NUTS: UKJ45
Internet address(es)
Main address: https://www.ashford.gov.uk/
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://www.kentbusinessportal.org.uk/
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
https://www.kentbusinessportal.org.uk/
Electronic communication requires the use of tools and devices that are not generally available. Unrestricted and full direct access to these tools and devices is possible, free of charge, at:
https://www.kentbusinessportal.org.uk/
I.4) Type of the contracting authority
Regional or local authority
I.5) Main activity
General public services
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Treasury Management Specialist Advice
Reference number: DN758574
II.1.2) Main CPV code
66000000
II.1.3) Type of contract
Services
II.1.4) Short description
TREASURY/25/1 Ashford Borough Council is looking to procure Treasury Management Specialist Advice Services. The services will cover;
4.1.1 providing investment advice;
4.1.2 providing interest rate and economic forecasts and assistance for the formulation of an in house investment strategy;
4.1.3 identify a client manager who will facilitate regular strategy meetings and act as a key point of contact with the Council;
4.1.4 pro active updates on economic and political changes that may require modification to investment strategies;
4.1.5 advice on the Council's Annual Investment Strategy;
4.1.6 advice/alerts on counterparty creditworthiness, including updates on changes in ratings;
4.1.7 provision of suitable Local Authority (LA) treasury templates and advice on maintaining:
4.1.8 determination of and assistance with Prudential Indicators;
4.1.9 provision of advice on preparation of the annual Statement of Accounts with reference to treasury management/ financial instrument items advised by the Chartered Institute of Public Finance and Accountancy (CIPFA) Code;
4.1.10 assistance in technical discussions with auditors;
4.1.11 advice on technical issues, capital finance and accounting advice;
4.1.12 at least two places at each of the Tenderer's usual seminars, training courses, workshops and treasury strategy meetings;
4.1.13 capital finance and accounting advice to reflect best practice and changes in statutes, regulations and accounting rules appropriate to a local authority;
4.1.14 advice on leasing;
4.1.15 benchmarking information and analysis quarterly;
4.1.16 practical support in monitoring treasury management performance/practices;
4.1.17 advice on debt management, scheduling, borrowing strategy and movement in Public Works Loan Board (PWLB) rates;
4.1.18 assistance in any technical discussion with internal and external auditors on treasury management/financial instruments and related accounting advice if necessary;
4.1.19 website access to any dedicated area applicable to local authorities.
4.1.20 attendance (virtual or in person) to present to members of the Council (usually annually) to give insight into the Council's Treasury Management Activity.
II.1.5) Estimated total value
Value excluding VAT:
245 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.3) Place of performance
NUTS code:
UKJ4
II.2.4) Description of the procurement
TREASURY/25/1 Ashford Borough Council is looking to procure Treasury Management Specialist Advice Services. The services will cover;
4.1.1 providing investment advice;
4.1.2 providing interest rate and economic forecasts and assistance for the formulation of an in house investment strategy;
4.1.3 identify a client manager who will facilitate regular strategy meetings and act as a key point of contact with the Council;
4.1.4 pro active updates on economic and political changes that may require modification to investment strategies;
4.1.5 advice on the Council's Annual Investment Strategy;
4.1.6 advice/alerts on counterparty creditworthiness, including updates on changes in ratings;
4.1.7 provision of suitable Local Authority (LA) treasury templates and advice on maintaining:
4.1.8 determination of and assistance with Prudential Indicators;
4.1.9 provision of advice on preparation of the annual Statement of Accounts with reference to treasury management/ financial instrument items advised by the Chartered Institute of Public Finance and Accountancy (CIPFA) Code;
4.1.10 assistance in technical discussions with auditors;
4.1.11 advice on technical issues, capital finance and accounting advice;
4.1.12 at least two places at each of the Tenderer's usual seminars, training courses, workshops and treasury strategy meetings;
4.1.13 capital finance and accounting advice to reflect best practice and changes in statutes, regulations and accounting rules appropriate to a local authority;
4.1.14 advice on leasing;
4.1.15 benchmarking information and analysis quarterly;
4.1.16 practical support in monitoring treasury management performance/practices;
4.1.17 advice on debt management, scheduling, borrowing strategy and movement in Public Works Loan Board (PWLB) rates;
4.1.18 assistance in any technical discussion with internal and external auditors on treasury management/financial instruments and related accounting advice if necessary;
4.1.19 website access to any dedicated area applicable to local authorities.
4.1.20 attendance (virtual or in person) to present to members of the Council (usually annually) to give insight into the Council's Treasury Management Activity.
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:
245 000.00
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 84
This contract is subject to renewal: Yes
Description of renewals:
2 year contract with possible extension of +1+1+1+1+1
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
No
II.2.11) Information about options
Options:
Yes
Description of options:
At the expiry of the initial term.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section III: Legal, economic, financial and technical information
III.1) Conditions for participation
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.2) Conditions related to the contract
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.2) Time limit for receipt of tenders or requests to participate
Date:
10/02/2025
Local time: 10:00
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
IV.2.6) Minimum time frame during which the tenderer must maintain the tender
Duration in months: 4 (from the date stated for receipt of tender)
IV.2.7) Conditions for opening of tenders
Date:
10/02/2025
Local time: 10:01
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
Yes
Estimated timing for further notices to be published:
At expiry of contract.
VI.2) Information about electronic workflows
Electronic ordering will be used
Electronic invoicing will be accepted
Electronic payment will be used
VI.4) Procedures for review
VI.4.1) Review body
Public Procurement Review Service
London
UK
Telephone: +44 3450103503
E-mail: publicprocurementreview@cabinetoffice.gov.uk
Internet address(es)
URL: https://www.gov.uk/government/publications/public-procurement-review-service-scope-and-remit
VI.5) Date of dispatch of this notice
10/01/2025