Defence Online

Type of document: Tender issued
Country: United Kingdom

MOD Contract Bidders Notice
GB-Glasgow: Provision of Fuel Hedging Financial Services

Region Codes:: UKM34 UKK11

Section I: Contract Title
Contract Title: GB-Glasgow: Provision of Fuel Hedging Financial Services

Section II: Identification Numbers
MOD Contract Notice Nr: HOCS1b/00008
ITT Number: HOCS1b/00008

Section III: Relevant Dates
Proposed/Estimated ITT Issue Date: 05/01/2017
Proposed/Estimated ITT Return Date: 09/02/2017
Proposed Issue Date of Contract: 01/03/2017
Proposed Completion Date of Contract: 28/02/2020

Section IV: Issuing Branch / Organisation Details
Notice Address
Official Name: Ministry of Defence, C&C,
Address: Def Comrcl CC-HOCS 1b, Room 2.1.02, Level 2, Kentigern House, 65 Brown Street
Town: Glasgow
Telephone: +44 1412242716
Email: DefComrclCC-HOCS1b@mod.uk
For attention of: Mr K Nicolson
Postcode: G2 8EX
Country: United Kingdom
Fax:
Internet Address:

Section V: Product / Service Descriptor Code
Industry Codes:
66150000 – Financial markets administration services.

Section VI: Summary of Requirements / Description of Work
Summary of Requirements / Description of Work: Financial markets administration services. The Ministry of Defence (MOD) Financial Management Policy and Accounting Team (FMPA) provides financial management services for the MOD. This includes a Treasury Management service that operates the current Fuel Hedging Financial Services Framework with accredited commercial and investment institutions. The requirement covers bulk aviation (jet fuel), marine diesel and ground fuel and instruments (Swaps) over three years (on a rolling quarterly basis) from 2017 to 2020 with an option to extend for a further one year until 2021. The Forecast annual requirement of aviation, marine and ground fuel for the MOD is 820 million litres. Under the agreements Swaps will be offered for some 80% of the MOD forecast demand on a quarterly basis, layered three years forwards.

Section VII: Contract Strategy
Contract Strategy:

Section VIII: Contractors Invited to Bid
Contractors Invited to Bid:

Official name: Merrill Lynch Financial Centre
Postal Address: 2 King Edward Street
City: London
Postcode: EC1A 1HQ
Country: United Kingdom
ContactPoint: Beatrice Serra
For Attention Of: Beatrice Serra
Telephone: +44 2079955888
Email: beatrice.serra@baml.com
Fax:
Is a contractor classed as a SME? No
Official name: Citigroup Centre
Postal Address: 33 Canada Square
City: London
Postcode: E14 5LB
Country: United Kingdom
ContactPoint: Laura Gibson
For Attention Of: Laura Gibson
Telephone: +44 2079860517
Email: Laura.gibson@citi.com
Fax:
Is a contractor classed as a SME? No
Official name: British Petroleum Co Plc
Postal Address: 20 Canada Square
City: London
Postcode: E14 5NJ
Country: United Kingdom
ContactPoint: Nicolas Bigotte
For Attention Of: Nicolas Bigotte
Telephone: +44 2079488319
Email: nicolas.bigotte@uk.bp.com
Fax:
Is a contractor classed as a SME? No
Official name: Goldman Sachs
Postal Address: Peterborough Court, 133 Fleet Street
City: London
Postcode: EC4A 2BB
Country: United Kingdom
ContactPoint: Robert Keen
For Attention Of: Robert Keen
Telephone: +44 2077741021
Email: robert.keen@gs.com
Fax:
Is a contractor classed as a SME? No
Official name: Morgan Stanley
Postal Address: 20 Bank Street
City: London
Postcode: E14 4AD
Country: United Kingdom
ContactPoint: Travis Ritz
For Attention Of: Travis Ritz
Telephone: +44 2074250841
Email: travis.ritz@morganstanley.com
Fax:
Is a contractor classed as a SME? No