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Published 10 Feb 2023, 13:20 GMT

Official UK procurement notice

Treasury Advisory Services · UK public procurement notice

Official notice

Authority: Oldham Council (Local council)·Consortium: 15 public authorities

Framework agreementServicesOpen procedureSME suitable
Sectors: Financial and insurance services (66) Delivery: UKNorth West (UKD3)
Framework ceiling (notional)£660,000framework ceiling, not attributable revenue
Submissions closed 13 Mar 2023awarded 14 Apr 2023

What is being bought

Published requirement description

Oldham Council (lead authority) wish to appoint a Supplier to provide treasury advisory services on behalf of the following authorities:

  • Bolton Council
  • Bury Council
  • Greater Manchester Combined Authorities
  • Manchester City Council
  • Oldham Council
  • Rochdale Metropolitan Borough Council
  • Salford City Council
  • Stockport Council
  • Tameside Metropolitan Borough Council
  • Trafford Council
  • Warrington Borough Council
  • Chorley Council

CPV: Treasury services

How this framework works

From the published notice
Places
up to 1 suppliers · 2 bids received (2.0 per place) · 1 appointed (full)

The lotProcurement structure

single lot · value published
Lot #1The role of the Supplier is to work with a number of authorities linked to the Greater…AwardedRenewalPublished value£660,000

The role of the Supplier is to work with a number of authorities linked to the Greater Manchester area. It will involve working with treasury management staff to add value to its treasury management activities and ensure that each authority complies with the CIPFA Prudential and Treasury Management Codes.

There should be clear benefits for each authority participating in the form of; better decisions, savings from cheaper borrowing, savings from debt restructuring, improved investment returns, more robust systems and procedures, and skills transfer from the consultant to the authority. It is envisaged that the financial benefits to each authority participating will substantially outweigh the cost of contract.

Further information can be found in the procurement documents which can be accessed via the Chest portal (www.the-chest.org.uk ↗). Please note the Council do not accept telephone or email queries, these must be raised via the Chest portal.

Delivery: UK, North West
Extensions: The initial contract is for 3 years with an option 1 year extension.Variant bids: not allowed

What it takes to win
i

How this buyer will score bids.

The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published; the tender pack may add more
How bids were scored
Quality: 55%Price: 35%Social value: 10%
Published award criteria (3)
  • Quality: 55%
  • Social Value: 10%
  • Price: 35%
Staff
Names and qualifications of delivery staff must be submitted
What this means for your bid
  • Price carries 35 of 100 points: a 10% discount moves about 3.5 points. The method statement decides this lot, not the discount.
  • “Treasury Advisory Services” is a framework: the contest is a place on its panel, up to 1 suppliers, not a single contract.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

Procedure terms & legal framework

From the official record
Procedure method
Open procedure
Legal basis
CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category
Services
Notice status
Awarded
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Framework agreement
Who may use this agreement
Not stated in the notice; call-off rights may be limited to the establishing authority
Competition type
Competitive procedure
GPA / WTO covered
Unspecified in notice
Recurring procurement
Yes
First published
10 Feb 2023, 13:20 GMT
Last source update
3 May 2023, 09:15 BST
Award evaluation window
13 Mar 2023 – …
Authority reference
DN655747
FTS notice number
2023/S 000-012593
Classification (CPV)
Treasury services
Delivery area
UKNorth West (UKD3)
Official registry OCID
ocds-h6vhtk-03a4b3 Find a Tender

How it was run

Official notice
Run through: ProContract (Due North) · Who buys & how to bid on ProContract
Supplier login requiredLanguage: EN
Access & registration note: Free · short registration with manual review; public opportunity list
Appointment period ends
13 Mar 2023, 12:00 GMT
Submission channel
{"electronicSubmission"}
Accepted languages
en
Bids opened
13 Mar 2023, 12:00 GMT
Detailed submission instructions & authority contactsFrom official release

www.the-chest.org.uk ↗

Timeline

13 Mar 2023 → 3 May 2023 · 3 dates
  1. Admission / appointment period endsperiod end, not a bid countdown
    13 Mar 2023, 12:00 GMT
  2. Bids opened
    13 Mar 2023, 12:00 GMT
  3. Notice published
    3 May 2023, 09:15 BST

Notice history

3 events · 4 releases on Find a Tender · since 28 Feb 2023
  1. Buyer details updated
    28 Feb 2023, 09:15 GMT
  2. Status changed to complete
    3 May 2023, 09:15 BST
  3. Buyer details updated
    3 May 2023, 09:15 BST
Published amendments (2 · 0 deadline changes)
WhenWhatBeforeAfterShift
—TextName and addresses of other buyers · I.1—Chorley Council - [email protected].
—TextShort Description · II.1.4—Inclusion of Chorley Council.
—TextEstimated Total Value · II.1.5Value excluding VAT: £660,000Value excluding VAT: £720,000
—TextEstimated Value · II.2.6Value excluding VAT: £660,000Value excluding VAT: £720,000

2 amendments published without a description.

Routine re-releases (4)
  • 2023-02: 1 release · 10 Feb 2023

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Suppliers appointed 1admitted to the panel · see the list ↓
Bids received 22 from SMEs
Contracts signed 1latest 14 Apr 2023

1 suppliers are admitted to this framework without individual award values or dates, see the supplier list below.

Contracts

  • Contract 012593-2023-1

    Signed
    14 Apr 2023
    Value
    £720,000
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
2bids · 2 electronic2——

Contracting authority & participating public bodies

13 public bodies on the notice

Oldham Council

Contracting authorityLocal CouncilRegional or local authorityGeneral public services Civic Centre, West Street, Oldham, UK, OL1 1UTContact name, email Published organisation website ↗

Consortium members and other public bodies

  • Bolton CouncilContracting authority Bolton, UKContact email
  • Bury CouncilContracting authority Bury, North WestContact email
  • Chorley CouncilContracting authority Chorley, North WestContact email
  • Greater Manchester Combined Authorities (GMCA)Contracting authority Manchester, North WestContact email
  • Greater Manchester Combined Authorities (GMCA) ManchesterContracting authority Manchester, North WestContact email
  • Manchester City CouncilContracting authority Manchester, North WestContact email
  • Rochdale Borough CouncilContracting authority Rochdale, North WestContact email
  • Salford City CouncilContracting authority Salford, North WestContact email
  • Stockport CouncilContracting authority Stockport, North WestContact email
  • Tameside CouncilContracting authority Ashton Under Lyne, North WestContact email
  • Trafford CouncilContracting authority Trafford, North WestContact email
  • Warrington Borough CouncilContracting authority Warrington, North WestContact email

Framework contractors & participating bidders

1 commercial party on the notice

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

  • Technical selection criteriatenderTechnical selection criteria
  • Economic and financial selection criteriatenderEconomic and financial selection criteria