Treasury Services Framework
Introduction
The Treasury Services Framework, managed by the National Framework Partnership, is a structured procurement route within the Financial Services category. This framework is designed to aid public sector organisations in effectively managing their financial resources until its end date on 17th February 2025. It provides a pre-approved list of suppliers offering a range of treasury-related services, thereby streamlining the procurement process for contracting authorities. The framework is not a Dynamic Purchasing System (DPS), which means it has a fixed list of suppliers and does not allow for new entrants during its lifespan.
Context & Use Case
The Treasury Services Framework is integral for public sector entities seeking specialised financial management solutions. It provides a comprehensive suite of services that help organisations optimise their financial operations. Contracting authorities use this framework to access expert services that facilitate cash management, devise robust investment strategies, and implement effective risk management practices. The framework ensures secure handling of sensitive financial data, maintaining confidentiality and compliance with relevant regulations. This structured approach allows public sector bodies to leverage professional expertise in managing their financial portfolios, thereby enhancing financial efficiency and accountability.
Scope of Services
The services covered under the Treasury Services Framework include: 1. Cash Management: Providing solutions to efficiently manage cash flow, optimise liquidity, and ensure the availability of funds when needed. 2. Investment Strategies: Assisting in the development and implementation of investment plans tailored to the specific needs and risk profiles of public sector organisations. 3. Risk Management: Offering tools and strategies to identify, assess, and mitigate financial risks, ensuring the stability and security of financial resources. 4. Financial Advisory: Providing expert advice on financial planning, policy formulation, and compliance with financial regulations. 5. Security of Information: Ensuring all financial information shared between parties is securely handled, maintaining confidentiality and integrity.
Who Can Apply
The Treasury Services Framework is open to financial service providers that offer expertise in the areas mentioned above. Suitable suppliers include those with a proven track record in providing treasury management services to the public sector. Since this is not a DPS, the framework does not allow for new suppliers to join after its establishment, emphasising the importance of early engagement and application during the initial tender process.
Buyer Benefits
Public sector buyers benefit from using the Treasury Services Framework through a streamlined procurement process that enhances compliance and reduces procurement timeframes. The framework provides a competitive environment where pre-selected suppliers offer their best solutions, fostering innovation and cost-effectiveness. By utilising this framework, buyers can ensure they are engaging with reputable and capable suppliers, mitigating risks associated with procurement and financial management.
Lots
Not applicable
Next Steps
Suppliers interested in participating in this framework should thoroughly review the framework requirements and ascertain that their services align with the needs of public sector buyers. Direct contact with the National Framework Partnership is recommended to gain a deeper understanding of specific requirements and opportunities for engagement.
How Biddable Can Help
Biddable offers support to suppliers navigating the complexities of public sector frameworks. We assist in the discovery of relevant opportunities, preparation for applications, and maintaining visibility on future procurement pipelines. Our services are tailored to enhance understanding and readiness, ensuring suppliers are well-positioned to succeed within the public procurement landscape.