Official UK procurement notice
Framework Agreement for Leasing & Treasury Advisory Services
Authority: The City of Edinburgh Council (Local council)·Consortium: 2 public authorities
What is being bought2 lots · detail below
Published requirement descriptionLeasing & Treasury Advisory Services
CPV: Financial consultancy services · Financial leasing services · Treasury services
How this framework works
From the published notice- Bids received
- 2 bids on the busiest of 2 lots · 2 suppliers appointed
Lots and requirements (2)Procurement structure
2 lots · no lot values published · same evaluation weights on every lotLot #1Treasury Advisory ServicesAwardedRenewal
The provision of treasury advisory services, where the Provider will be required to provide specialist skills, advice and resources to assist the Treasury Section on Treasury Management policy and strategy, debt management, investment and technical matters within prescribed regulatory and accounting frameworks.
Lot #2Leasing Advisory ServicesAwardedRenewal
The provision of Leasing advisory services, where the Provider will be required to supply specialist skills, advice and resources to assist the treasury section on leasing and technical matters, within prescribed regulatory and accounting frameworks.
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 award criteria (2)
- Quality: 80
- Price: 20
- Economic & financial standing
Tenderers will be required provide a current ratio of 1.1 or higher for the current and previous year.
Tenderers are required to have a minimum “general” annual turnover of as below for the last two financial years
Where a Tenderer does not have an annual turnover of this value, the Council may exclude the Tenderer from the competition or may apply discretion seeking supporting evidence to determine the Tenderer’s suitability to proceed in the competition.
Where tenderers are applying for multiple lots their expected turnover should be the cumulative value of the above relevant requirements listed above.
Minimum: The formula for calculating a Tenderer’s current ratio is current assets divided by current liabilities. The acceptable range for each financial ratio is greater than 1.1. Where a Tenderer’s current ratio is less than the acceptable value, the Council may exclude the Tenderer fro…
- Price carries 20 of 100 points: a 10% discount moves about 2 points. The method statement decides this lot, not the discount.
- “Framework Agreement for Leasing & Treasury Advisory Services” is a framework: the contest is a place on its panel, 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 · 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
- 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
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 1 Dec 2022, 11:26 GMT
- Last source update
- 27 Jul 2023, 12:52 BST
- Award evaluation window
- 13 Jan 2023 – …
- FTS notice number
2023/S 000-021815- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0389cdFind a Tender
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
- Review procedure
An economic operator that suffers or risks suffering loss or damage attributable to a breach of duty under Public Contracts (Scotland) Regulations 2015 may bring proceedings in the Sheriff Court or Court of Session. . A claim for an ineffectiveness order must be made within 30 days of the Contract Award Notice being published in the Find a Tender Service or within 30 days of the date those who expressed an interest in or otherwise bid for the contract were informed of the conclusion of the contract or in any other case within 6 months from the date on which the contract was entered into.
Publisher note: It is a mandatory requirement of this Framework Agreement that a prompt payment clause is present in all Contracts used in the delivery of the requirements. This ensures payment of sub-contractors at all stages of the supply chain within 30 days and includes an obligation to provide a point of contact for sub-contractors to refer to in the case of payment difficulties. This will require active monitoring of payment performance as well as the provision of evidence and reports to the Council on request or as contractually scheduled. (SC Ref:740038)
How it was run
Official noticeTender documents are also served through a separate tool: https://www.publiccontractsscotland.gov.uk/ ↗
- Appointment period ends
- 17 Jan 2023, 14:00 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Supplier levy on call-offs (max %)
- document
- Bid validity
- 90 days from the deadline
- Bids opened
- 13 Jan 2023, 14:00 GMT
Timeline
13 Jan 2023 → 27 Jul 2023 · 3 dates- Bids opened13 Jan 2023, 14:00 GMT
- Admission / appointment period endsperiod end, not a bid countdown17 Jan 2023, 14:00 GMT
- Notice published27 Jul 2023, 12:52 BST
Notice history
4 events · 4 releases on Find a Tender · since 11 Jan 2023- Deadline moved to 17 Jan 2023, 14:00 GMT11 Jan 2023, 12:58 GMT+4 days · was 13 Jan 2023, 14:00 GMT
- Status changed to complete26 May 2023, 15:48 BST
- Buyer details updated26 May 2023, 15:48 BST
- Buyer details updated27 Jul 2023, 12:52 BST
Published amendments (1 · 1 deadline change)
| When | What | Before | After | Shift |
|---|---|---|---|---|
| — | DeadlineTime limit · IV.2.2 | 13 Jan 2023 | 17 Jan 2023 | +4 d |
| — | Bid openingConditions for opening of tenders · IV.2.7 | 13 Jan 2023 | 17 Jan 2023 | +4 d |
Deadline changed to allow consideration of Appendix 2 Cash Fund Performance
Routine re-releases (4)
- 2022-12: 1 release · 1 Dec 2022
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast2 suppliers are admitted to this framework without individual award values or dates, see the supplier list below.
Contracts
Leasing Advisory Services
- Signed
- 27 Jul 2023
- Value
- £141,000
- Status
- active
Treasury Advisory Services
- Signed
- 3 Mar 2023
- Value
- £175,000
- Status
- active
Bid statistics published by the authority
| Lot | Bids | SME | VCSE | Valid bid range |
|---|---|---|---|---|
| 1 · Treasury Advisory Services | 2bids · 2 electronic · 2 from abroad | 1 | — | — |
| 2 · Leasing Advisory Services | 1bids · 1 electronic · 1 from abroad | 0 | — | — |
Contracting authority & participating public bodies
2 public bodies on the noticeDispute resolution & review bodies
- Sheriff CourtReview body
Framework contractors & participating bidders
2 commercial parties on the notice- ArlingcloseFramework contractor
- Link Treasury ServicesFramework contractor
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.