LGSS Treasury Consultancy and Investment Advisory Service Framework.

Tender description

Northamptonshire County Council (NCC) (the Authority), wishes to invite Tenders for the supply of service in respect of Treasury Consultancy and Investment Advisory Service Framework requirement. The successful Potential Provider will be responsible for providing this service and liaising closely with the Contract Manager identified by the Authority. Potential Providers are asked to note that this is a collaborative procurement involving Cambridgeshire County Council and Northampton Borough Council as LGSS Finance currently provides Treasury Services to those authorities. This Framework Agreement is initially for 2 years, with an option to extend for a further 2 years. The Councils’ current Treasury Advisory contracts and Framework Agreement are due for renewal in November2016. In this instance the Councils are collaborating on a joint procurement for Councils within LGSS family, toreduce tendering costs and to generate efficiencies for all parties. The LGSS Treasury Team is one fully integrated team providing treasury management activities for Northamptonshire County Council, Cambridgeshire County Council, Milton Keynes Council and Northampton Borough Council. Information will flow freely across members of the team and senior officers within the LGSS organisation in respect of all treasury management activities and the advice we procure from external organisations. This Framework is open to: -partners and other organisations delegating services and or functions to LGSS (currently CambridgeshireCounty Council, Milton Keynes Council and Northamptonshire County Council, Norwich City Authority andNorthampton Borough Council) who participate in LGSS’ shared services venture; -new LGSS customers seeking to utilize LGSS frameworks on an independent third party basis. any city, district, borough or other local authority and any school, academy, university or other educationalestablishment within the counties of any LGSS partner authority (currently Cambridgeshire County, the City ofMilton Keynes and Northamptonshire County) including Northamptonshire Partnership Homes; -any companies or organisations set up by participants in LGSS; and members of the local authority purchasing group, Central Buying Consortium (CBC). Further information about CBC can be found here: http://www3.hants.gov.uk/cbc.htm It is difficult to predict the exact value of this contract as the Authorities’ requirements are likely to vary over theFramework term, but it is estimated that the total value will not be less than £39,000 or greater than £1,000,000.The higher level figure is provided as an indicative figure should other bodies access the framework. Cambridgeshire County Council, Northampton Borough Council and Northamptonshire County Council shall call-off the framework agreement after its completion for a period of 2 years with option to extend for 2 further years. Norwich City Council may also wish to call-off this arrangement but no guarantee can be provided at this point intime. Milton Keynes Council currently has an existing agreement that they shall continue to utilise until that arrangement ends and then review their options. Keywords: Financial Advice, Treasury Consultancy, Investment Advisory Service., Finance, Investment, Treasury Management