Minimum Revenue Provision Operating Model Review

Official notice

Authority: Sheffield City Council (Local council)

ServicesAward procedure without prior publication of a call for competition

Sectors: Financial and insurance services (66) Delivery: Yorkshire & Humber (UKE32)

Awarded value£215,000published contract · exc. VAT

Awarded 28 Nov 2024no call for competition

Awarded to MUFG Corporate Markets Treasury Limited

What is being bought

Published requirement description

Review the calculation of the Capital Financing Requirement (CFR) and the Minimum Revenue Provision (MRP) to ensure a prudent MRP charge to the revenue account.

CPV: Financial and insurance services

The lotProcurement structure

single lot · no lot value published

Lot #1Awarded

Delivery: Yorkshire & Humber

66000000 Financial and insurance services

Procedure terms & legal framework

From the official record

Procedure method: Award procedure without prior publication of a call for competition
Legal basis: CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category: Services
Notice status: Awarded without competition
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Direct award (no call for competition)
GPA / WTO covered: Yes (GPA)
Recurring procurement: Unspecified in notice
First published: 28 Nov 2024, 16:37 GMT
Last source update: 28 Nov 2024, 16:37 GMT
Authority reference: 93636
FTS notice number: 2024/S 000-038504
Classification (CPV): Financial and insurance services
Delivery area: Yorkshire & Humber (UKE32)
Official registry OCID: ocds-h6vhtk-04c0e5 Find a Tender

Why no open competition: The procurement falls outside the scope of application of the directive
Published justification: A Direct Award was placed using Lot 2d (General Finance) of the ESPO Consultancy Services (664_21) Framework to the Council's current Treasury Advisers would are best placed to undertake this review within the timescales as they already understand our current working model and have built relationships with internal stakeholders who they will need to discuss things with.

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £215,0001 contract exc. VAT

Bids received 1

Contracts signed 1latest 28 Nov 2024

Awarded to	Value	Date	Status
MUFG Corporate Markets Treasury Limited	£215,000 †	—	Awarded

Contracts

Minimum Revenue Provision Operating Model Review · MUFG Corporate Markets Treasury Limited
Signed
28 Nov 2024
Value
£215,000
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
1bids	—	—	—

Contracting authority & participating public bodies

Sheffield City Council

Contracting authorityLocal CouncilRegional or local authorityGeneral public services (GB) 173 5488 38 Town Hall, Pinstone Street, , Sheffield, Yorkshire & Humber, S1 2HHContact name, email, phone

Bidders & participating suppliers

1 commercial party on the notice

Link Treasury Services LtdAwarded supplier Leeds, UK

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.