Find a TenderAwarded

Published 29 Jun 2023, 08:42 BST

Official UK procurement notice

UK public contract notice — MUFG Corporate Markets Treasury Limited for Financial Ombudsman Service Limited (Jun 2023)

Name: Procurement Process ocds-h6vhtk-03b352
Creator: Financial Ombudsman Service Limited
Published: 2023-06-29T07:42:51.000Z
License: https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/

Authority: Financial Ombudsman Service Limited (Public body)

ServicesOpen procedure

Sectors: Financial and insurance services (66) Delivery: London (UKI)

Published estimate£470,000exc. VAT · 1 value update3.7% below published estimate

Submissions closed 17 Apr 2023awarded 28 Jun 2023

Awarded to MUFG Corporate Markets Treasury Limited

What is being bought

Published requirement 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

CPV: Treasury services

The lotProcurement structure

single lot · no lot value published

Lot #1Provision 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...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.

Delivery: London

Extensions: option to extend contract up to an additional 24 months · Option to extend for up to 24 months
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: 100%

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: 29 Jun 2023, 08:42 BST
Last source update: 29 Jun 2023, 08:42 BST
Award evaluation window: 17 Apr 2023, 12:00 BST — …
Classification (CPV): Treasury services
Delivery area: London (UKI)
Official registry OCID: ocds-h6vhtk-03b352

Contract terms

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

Run through: portal not identified

Language: EN

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

Detailed submission instructions & authority contactsFrom official release

procurement.financial-ombudsman.org.uk/web/login.html ↗

Timeline

3 published dates · Europe/London

Submission deadline
17 Apr 2023, 12:00 BST
Bids opened
17 Apr 2023, 12:00 BST
Notice published
29 Jun 2023, 08:42 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics — not a forecast

Awards 1

Awarded value £452,4001 contract exc. VAT

Bids received 1

Contracts signed 1latest 28 Jun 2023

Awarded to	Value	Date	Status
MUFG Corporate Markets Treasury LimitedAgency Treasury Services	—	—	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	—	—	—

Notice history

3 events · 2 releases on Find a Tender · since 29 Jun 2023

Published value updated
29 Jun 2023, 08:42 BSTwas £470,000
Status changed to complete
29 Jun 2023, 08:42 BST
Deadline withdrawn
29 Jun 2023, 08:42 BST

Contracting authority & participating public bodies

Financial Ombudsman Service

Contracting authorityPublic bodyBody governed by public lawEconomic affairs Exchange Tower, Harbour Exchange Square,, London, London, E14 9SR +44 8000234567 Published organisation website ↗

Dispute resolution & review bodies

Financial Conduct AuthorityReview body London

Bidders & participating suppliers

1 commercial party on the notice

Link Treasury Services LimitedAwarded supplier 65 Gresham Street, London, London, EC2V 7NQ

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

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