Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Financial Ombudsman Service
Exchange Tower, Harbour Exchange Square,
London
E14 9SR
UK
Contact person: Peter Gamble
Telephone: +44 8000234567
E-mail: Peter.Gamble@financial-ombudsman.org.uk
NUTS: UKI
Internet address(es)
Main address: https://www.financial-ombudsman.org.uk/
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
https://www.financial-ombudsman.org.uk/
II.1.2) Main CPV code
66600000
II.1.3) Type of contract
Services
II.1.4) Short description
24 month contract with the option to extend for up to an additional 24 months for the provision of treasury services for short term deposits
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
452 400.00
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UKI
II.2.4) Description of the procurement
Provision of agency treasury services to advise and coordinate short term deposits of cash balances with nominated financial institutions in line with the Financial Ombudsman's investment policy.
II.2.5) Award criteria
Quality criterion: Approach and Solution
/ Weighting: 15
Quality criterion: Organisational Approach and Account Management
/ Weighting: 15
Quality criterion: Implementation and Planning
/ Weighting: 15
Quality criterion: Exit Management Plan
/ Weighting: 10
Quality criterion: Business Continuity
/ Weighting: 15
Quality criterion: Performance Management
/ Weighting: 15
Quality criterion: Values and Culture
/ Weighting: 15
Price
/ Weighting:
70 Quality 30 Price
II.2.11) Information about options
Options:
Yes
Description of options:
option to extend contract up to an additional 24 months
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 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:
No
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2023/S 000-007649
Section V: Award of contract
Contract No: ctt_2645
Title: Agency Treasury Services
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
28/06/2023
V.2.2) Information about tenders
Number of tenders received: 1
Number of tenders received by electronic means: 1
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Link Treasury Services Limited
65 Gresham Street
London
EC2V 7NQ
UK
NUTS: UKI31
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 452 400.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
Financial Conduct Authority
12 Endeavour Square
London
E20 1JN
UK
VI.5) Date of dispatch of this notice
29/06/2023