The Council’s contract for Treasury Management advice ended on 31st March 2020. The Council continues to require advice and proposed to enter a new contract for a period of 3 years.
There are only 2 potential providers in the market and research demonstrated that currently only one provider has the ability to conduct the service required by the Council.
Quotations were sought from LINK Asset Services for a 3-year period and were as follows:
Year 1 - £13,350 (1/4/20 – 31/3/21)
Year 2 - £13,700 (1/4/21 – 31/3/22)
Year 3 - £14,050 (1/4/22 – 31/3/23)
It is proposed to waive contract standing orders based on only a single provider of the service being available and to award a 3-year contract to LINK Asset Services
Decision type: Non-key
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 22/05/2020
Decision due: 11 May 2020 by Officer Decision
Internal Consultees: Head of Governance, Operations Manager for Finance, Procurement Manager, Technical Accountant.