Financial and insurance services

Description

The successful Potential Provider will be responsible for providing this service and liaising closely with the Contract Manager identified by the Authorities. The Councils' current Treasury Advisory contracts and Framework Agreement are due for renewal in November 2016. In this instance the Councils are collaborating on a joint procurement for Councils within LGSS family, to reduce tendering costs and to generate efficiencies for all parties. The LGSS Treasury Team is 1 fully integrated team providing treasury management activities for Northamptonshire County Council, Cambridgeshire County Council, Milton Keynes Council and Northampton Borough Council. Information will flow freely across members of the team and senior officers within the LGSS organisation in respect of all treasury management activities and the advice we procure from external organisations. It is difficult to predict the exact value of this contract as the Authorities' requirements are likely to vary over the Framework term, but it is estimated that the total value will not be less than 39 000 GBP or greater than 1 000 000 GBP. The higher level figure is provided as an indicative figure should other bodies access the framework. Cambridgeshire County Council, Northampton Borough Council and Northamptonshire County Council shall call-off the framework agreement after its completion for a period of 2 years with option to extend for 2 further years. Norwich City Council may also wish to call-off this arrangement but no guarantee can be provided at this point in time. Milton Keynes Council currently has an existing agreement that they shall continue to utilise until that arrangement ends and then review their options.