The current Treasury Management Advice contract expires on the 31st March 2017.
There are only two established providers in the market, plus one new entrant with only a single client.
The quoted prices from each provider have historically been very similar and the existing supplier has offered to continue to provide the service at the current contract price.
The other provider has taken the opportunity to “present” their offering during the year, however although they indicated that their charge would be similar, it was also clear that they would not be a “good fit” for IBC.
The Chief Operating Officer, Chief Executive and Responsible Head of Service have been consulted during this process and the Chief Operating Officer has agreed an exemption from Contract Standing Orders (para. 3.2).
The contract awarded is for more than £10,000 p.a.
Decision type: Non-key
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 18/04/2017
Decision due: 19 Jan 2017 by Officer Decision
The Chief Operating Officer, Chief Executive and Responsible Head of Service have been consulted during this process.