Official UK procurement notice
UK public contract notice — Financial Ombudsman Service
Authority: Financial Ombudsman Service Limited (Public body)
What is being bought
Published requirement description24 month contract with the option to extend for up to an additional 24 months for the provision of treasury services for short term deposits
CPV: Treasury services
The lotProcurement structure
single lot · no lot value publishedLot #1Provision of agency treasury services to advise and coordinate short term deposits of…AwardedRenewal
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.
What it takes to wini
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 morei
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).
Published sub-criteria (7)
- Approach and Solution: 15%
- Organisational Approach and Account Management: 15%
- Implementation and Planning: 15%
- Exit Management Plan: 10%
- Business Continuity: 15%
- Performance Management: 15%
- Values and Culture: 15%
Published award criteria (8)
- Approach and Solution: 15
- Organisational Approach and Account Management: 15
- Implementation and Planning: 15
- Exit Management Plan: 10
- Business Continuity: 15
- Performance Management: 15
- Values and Culture: 15
- Price: 70 Quality 30 Price
Procedure terms & legal framework
From the official record · publisher note attached- 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
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- No (one-off requirement)
- First published
- 16 Mar 2023, 11:04 GMT
- Last source update
- 29 Jun 2023, 08:42 BST
- Award evaluation window
- 17 Apr 2023 – …
- FTS notice number
2023/S 000-018472- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-03b352Find a Tender
- Electronic trading
- e-invoicing allowed · electronic payment
Publisher note: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.
How it was run
Official notice- Submission deadline
- 17 Apr 2023, 12:00 BST
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bid validity
- 360 days from the deadline
- Bids opened
- 17 Apr 2023, 12:00 BST
Timeline
17 Apr 2023 → 29 Jun 2023 · 3 dates- Submission deadline17 Apr 2023, 12:00 BST
- Bids opened17 Apr 2023, 12:00 BST
- Notice published29 Jun 2023, 08:42 BST
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete29 Jun 2023, 08:42 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| MUFG Corporate Markets Treasury LimitedAgency Treasury Services | £452,400 † | — | Awarded |
Contracts
Agency Treasury Services · MUFG Corporate Markets Treasury Limited
- Signed
- 28 Jun 2023
- Value
- £452,400
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 1bids · 1 electronic | — | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Financial Conduct AuthorityReview body
Bidders & participating suppliers
1 commercial party on the notice- Link Treasury Services LimitedAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria