Issue - meetings

A report from the Leader and Cabinet Member for Finance and Growth is attached.

Councillor Eamonn O’Brien, the Leader of the Council and Cabinet Member for Finance and Growth, presented the report which set out the approach for the procurement of the Council’s contract for banking services in collaboration with GM and wider participating authorities for which Bury are acting as Lead Authority.

Decision:

That Cabinet:

1.   Approves the collaborative procurement strategy and Bury’s role as Lead Authority;

2.   Authorises the Joint Chief Finance Officer, in consultation with the Cabinet Member (Finance and Growth) to award the framework and subsequent calloff contract and facilitate the execution, implementation and operation of the contract.

Reasons for the decision:

Achievement of Best Value for Money

·         Consolidating requirements and spend across a number of organisations to create an attractive package of business to present to the marketplace will drive out the best commercial terms.

·         A collaborative approach reduces duplicated effort across GM resulting in better use of resources. Bury benefits from access to frameworks and contracts established by our GM partners and it is important that we make a positive contribution in order to reap the benefits that collaborative procurement brings.

·         The opportunity to maximise social value from the contract is enhanced by the greater significance of the contract to the supplier and through collaboration and the shared objectives of the participants.

Other options considered and rejected:

Given the absence of acceptable existing framework options, the creation of a bespoke framework, from which individual participating organisations will be able to call-off their own contracts, represents the most appropriate procurement option.