Official UK procurement notice
Bond Treasury Advisor · UK public procurement notice
Authority: Orbit Group Limited (Public body)
What is being bought
Published requirement descriptionWe are seeking specialist Treasury Advisory support to provide independent advice and project support for a potential bond issuance under our EMTN Programme. This includes strategic advice on timing, structure and size of the bond, support with appointing and managing bookrunners, investor presentation and marketing support, pricing and execution benchmarking, hedging advice, and overall coordination of the issuance process through to completion.
CPV: Business and management consultancy and related services · Economic impact assessment · Financial and insurance services
The lotProcurement structure
single lot · no lot value publishedLot #1This contract is a direct award to Savills through the National Framework Partnership…Awarded
This contract is a direct award to Savills through the National Framework Partnership - Treasury Services framework
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
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 11 May 2026, 17:36 BST
- Last source update
- 11 May 2026, 17:36 BST
- Authority reference
BTH0014- FTS notice number
2026/S 000-043229- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-06963aFind a Tender
- Why no open competition
- The procurement falls outside the scope of application of the directive
- Published justification
Why direct award:
We are directly awarding this work to Savills, our existing Treasury Advisors, for the following reasons:
- Savills already have a deep understanding of Orbit's treasury strategy, financial position, risk appetite and governance, having supported as Treasury Advisors under the retainer.
- Continuity of advisor is critical for a time sensitive and market dependent transaction, reducing delivery risk and avoiding duplication of work and cost.
- The proposed fee represents value for money, with Savills offering a reduced rate compared to market norms for a bond issuance, recognising that this is under an already established EMTN programme, reducing from 10bps to 3bps.
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| SAVILLS (UK) LIMITED | £70,000 † | — | Awarded |
Contracts
Bond Treasury Advisor · SAVILLS (UK) LIMITED
- Signed
- 29 Apr 2026
- Value
- £70,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 1bids | — | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Royal institution of chartered surveyorsReview body
Bidders & participating suppliers
1 commercial party on the notice- Savills (UK) LimitedAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.