Torus62 Ltd: Provision of Treasury Advisory Services

UK-St Helens: Treasury services.
Section I: Contracting Authority
      I.1) Name and addresses
             Torus62 Limited
             Helena Central, 4 Corporation Street, St Helens, WA9 1LD, United Kingdom
             Tel. +44 7738716643, Email: kate.ryan@torus.co.uk
             Contact: Kate Ryan
             Main Address: www.delta-esourcing.com
             NUTS Code: UKD
      I.2) Joint procurement
      The contract involves joint procurement: No.
      In the case of joint procurement involving different countries, state applicable national procurement law: Not provided       
      The contract is awarded by a central purchasing body: No.
      I.3) Communication
      The procurement documents are available for unrestricted and full direct access, free of charge, at: https://www.delta-esourcing.com/tenders/UK-UK-St-Helens:-Treasury-services./NB9772KWJR
      Additional information can be obtained from: the abovementioned address
      Tenders or requests to participate must be sent to the abovementioned address       
      Electronic communication requires the use of tools and devices that are not generally available. Unrestricted and full direct access to these tools and devices is possible, free of charge, at: Not provided
      I.4) Type of the contracting authority
            Body governed by public law
      I.5) Main activity
            Housing and community amenities

Section II: Object
II.1) Scope of the procurement
      II.1.1) Title: Provision of Treasury Advisory Services       
      Reference Number: Not provided
      II.1.2) Main CPV Code:
      66600000 - Treasury services.

      II.1.3) Type of contract: SERVICES
      II.1.4) Short description: Provision of treasury advisory and related services covering all areas of treasury.       
      II.1.5) Estimated total value:
      Value excluding VAT: 250,000       
      Currency: GBP
      II.1.6) Information about lots:
      This contract is divided into lots: No       
   
II.2) Description
      
      II.2.2) Additional CPV codes:
      Not Provided       
      II.2.3) Place of performance:
      UKD NORTH WEST (ENGLAND)
      
      II.2.4) Description of procurement: Torus are looking to seek an adisory for the provision of treasury advisory and related services covering all areas of treasury. The advisors will operate under a contract that will be in two parts, a retained fixed fee for regular treasury service, and a daily rate for more bespoke additional treasury advice. The advisors will operate partly under a retained fixed fee arrangement covering the following treasury services:
•Information – regular stream of daily, weekly and monthly information and forecasts
•credit worthiness date - weekly credit lists that set out ratings and rating actions from the three main ratings agencies and, where available, credit default spreads
•helpline - telephone access to members of the treasury housing team to seek reasonable advice on day-to-day treasury management and funding to include a nominated consultant to be assigned to Torus?
•business plan - provision of suggested assumptions for inflation and interest rates, which take account of forecasts. Funders eye review of the business plan, review stress testing and assistance with the production of board business plan reports
•annual treasury strategy – preparation and implementation of the annual treasury management strategy which sets out the recommendations for the short and medium-term management of Torus’s treasury operations
•supporting existing funding relationships - advising on the interpretation of loan agreements, providing analysis and arguments for discussion with lenders
•treasury management policy and procedures - annual review of Torus’s policy to ensure that it is appropriate for us and complies with best practice and recommend changes where necessary
•technical updates and training - updates on current issues
•investments - provision of details on available deposit rates and opportunities for improving the investment strategy
•management information systems and treasury reporting systems
•training and knowledge transfer – tailored training to board members and staff
Additional specialist Treasury advice that will fall outside the scope of the retained services listed above but not limited to the following:

Such additional services include:

•Structuring and negotiation of loan facilities
•Capital market loans
•Restructuring of loan facilities
•Adoption of the wider rules on treasury management
•Negotiation of credit lines for standalone swaps
•Financial modelling
•Feasibility and viability studies
•Review of business plans
•Joint venture arrangements
      II.2.5) Award criteria:
            Criteria below
            Quality criterion - Name: Quality / Weighting: 70
                        
            Cost criterion - Name: Cost / Weighting: 30
                              
      II.2.6) Estimated value:
      Value excluding VAT: 250,000       
      Currency: GBP       
      II.2.7) Duration of the contract, framework agreement or dynamic purchasing system:
      Duration in months: 36       
      This contract is subject to renewal: No       
      Description of renewals: Not provided
      
      II.2.10) Information about variants:
      Variants will be accepted: No
      II.2.11) Information about options:
      Options:       No             
      Description of options: Not provided
      II.2.12) Information about electronic catalogues:
      Tenders must be presented in the form of electronic catalogues or include an electronic catalogue: No
      II.2.13) Information about European Union funds:
      The procurement is related to a project and/or programme financed by European Union funds: No       
      Identification of the project: Not provided             
      II.2.14) Additional information: Not provided       


Section III: Legal, Economic, Financial And Technical Information
   III.1) Conditions for participation
      III.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
      List and brief description of conditions:          
      Not Provided       
      III.1.2) Economic and financial standing          
      Selection criteria as stated in the procurement documents       
      List and brief description of selection criteria:       
      Not Provided    
      Minimum level(s) of standards possibly required (if applicable) :       
      Not Provided    
      III.1.3) Technical and professional ability    
      Selection criteria as stated in the procurement documents
      List and brief description of selection criteria:       
      Not Provided      
      Minimum level(s) of standards possibly required (if applicable) :          
      Not Provided   
      III.1.5) Information about reserved contracts (if applicable)   
      The contract is reserved to sheltered workshops and economic operators aiming at the social and professional integration of disabled or disadvantaged persons: No       
      The execution of the contract is restricted to the framework of sheltered employment programmes: No    
      
   III.2) Conditions related to the contract
      III.2.1) Information about a particular profession    
      Reference to the relevant law, regulation or administrative provision:          
      Not Provided    
      III.2.2) Contract performance conditions          
      Not Provided          
      III.2.3) Information about staff responsible for the performance of the contract
      Obligation to indicate the names and professional qualifications of the staff assigned to performing the contract: No

Section IV: Procedure
   IV.1) Description OPEN
      IV.1.1) Type of procedure: Open   
   
   IV.1.3) Information about a framework agreement or a dynamic purchasing system    
         The procurement involves the establishment of a framework agreement - NO    
         In the case of framework agreements justification for any duration exceeding 4 years: Not Provided    
   
   
   IV.1.6) Information about electronic auction:
      An electronic auction will be used: No
      Additional information about electronic auction: Not provided
   IV.1.8) Information about the Government Procurement Agreement (GPA)
      The procurement is covered by the Government Procurement Agreement: No       
   IV.2) Administrative information
      IV.2.1) Previous publication concerning this procedure:
         Notice number in the OJ S: Not provided       
      IV.2.2) Time limit for receipt of tenders or requests to participate
       Date: 25/01/2022 Time: 12:00
            
      IV.2.4) Languages in which tenders or requests to participate may be submitted: English,       
      IV.2.6) Minimum time frame during which the tenderer must maintain the tender:
         Until: 26/01/2022
      
      IV.2.7) Conditions for opening of tenders:
         Date: 26/01/2022
         Time: 12:00
      

Section VI: Complementary Information
   VI.1) Information about recurrence
   This is a recurrent procurement: No    
   Estimated timing for further notices to be published: Not provided
   VI.2) Information about electronic workflows
   Electronic ordering will be used No       
   Electronic invoicing will be accepted Yes       
   Electronic payment will be used No       
   VI.3) Additional Information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.
For more information about this opportunity, please visit the Delta eSourcing portal at:
https://www.delta-esourcing.com/tenders/UK-UK-St-Helens:-Treasury-services./NB9772KWJR

To respond to this opportunity, please click here:
https://www.delta-esourcing.com/respond/NB9772KWJR
   VI.4) Procedures for review
   VI.4.1) Review body:
             Torus62 Limited
       St Helens, United Kingdom
   VI.4.2) Body responsible for mediation procedures:
             Golden Gates Housing
          Bank House, Warrington, WA1 1RH, United Kingdom
          Tel. +44 1925452409
   VI.4.3) Review procedure
   Precise information on deadline(s) for review procedures:    
    Not Provided    
   VI.4.4) Service from which information about the lodging of appeals may be obtained:
Not provided
   VI.5) Date Of Dispatch Of This Notice: 15/12/2021

Annex A