The CPC are seeking an independent advisory service to review the current properties and assets and align them to the finalised Business Plan to find a suitable way forward for the level of investment available. CPC need to be certain that the best course of action is taken with our assets to ensure that any benefits of aligning services can be achieved. Value for money and long term vision will be required to allow the funds available can be spent effectively.
Solutions should include:
• How various assets can be used to generate income to ensure the assets can become self sufficient is required.
• How all funding used in their building/repair, is to the benefit of the community.
• A good understanding of the needs of the village and community and how the CPC properties and assets can be improved to support as large a proportion of this population as possible.
• Consultation on initial findings with the Council.
• As many solutions to encourage visitors to the village to use the facilities and support local businesses.
Business Plan
The Parish Council is nearing the end of its current Business Plan:
https://www.cranleigh-pc.gov.uk/_UserFiles/Files/Cranleigh Parish Council Business Plan 2020 FINAL.pdf
The Parish Council is consulting on its next Business Plan for 2023 - 2027:
https://www.surveymonkey.co.uk/r/Q3WWPDS
Information to be included with your quotation:
1. Copy of your public liability insurance.
2. Copy of your professional indemnity insurance.
3. Copy of your relevant qualifications.
4. Details of your membership of professional organisations.
5. Details of a reference.
6. Copy of testimonials.
7. Please detail any areas that you feel the Parish Council may have overlooked in this invitation to quote.
The Council will consider the appointment of a contractor at its meeting on Thursday 15 December 2022.
Please submit your quotation and copies of further information required Cranleigh Parish Council by 9.00am on Tuesday 30 November 2022.
Questions about the PID Tender
Please contact Parish Clerk Beverley Bell on 01483 272311 or by email: clerk@cranleigh-pc.gov.uk
Cranleigh Parish Council has recently carried out a review of its Investment Strategy. It has changed the terms to reflect a need to address the issues of poor yield from short notice, low risk investments. Inflation is eroding the value of reserves and forcing the Council into a position whereby it cannot meet its commitment to the achieve sustainable Yield, which forms one of the three core pillars of public finance: the others being Security and Liquidity.
We are now seeking an investment management business who can help us manage the Council's capital to offset the effects of the rising inflation.
Scope of Services
The firm selected will be required to provide the following services:
1. Investment of Funds
The firm must effectively invest the Cranleigh Parish Council's funds, providing discretionary investment management services, pursuant to the approved investment policy and cash flow needs.
2. Written and Oral Reports
In line with regulatory requirements, the firm must provide a written report, as required, on a monthly basis demonstrating the portfolio performance and the current information about the portfolio, as described in the investment policy. The firm must also be available to make periodic oral reports to the Council.
3. Evaluation of Investment Policy
The firm must annually assist in the review of the Cranleigh Parish Council's investment policy. The proposed changes to the investment policy will be presented in final draft form to the Cranleigh Parish Council Finance Committee prior to submission to the full Council.
Proposal Requirements
For the purposes of quoting for this service, it is important to know that the Parish Council has funds of circa £500,000 across all categories of reserves, but currently invests £200,000 of this on low interest-bearing deposit accounts. The Council will pursue a strategy to maximise the reserves in interest or capital growth-based instruments according to a the principles of a set of attached terms of reference.
However for the purposes of this Request For Proposal, the Council's priorities are, in the following ranking order:
(i) The security of capital to minimise the risk of losses.
(ii) The liquidity of investments to meet the cash flow needs of the Council.
(iii) Maximising income within the framework of the national economic situation.
The Council will aim to achieve a high rate of return on investments commensurate with adequate safeguards of security and liquidity.
The Department for Communities and Local Government maintains the borrowing of money purely to invest or to lend and make a return is unlawful and the Council will not engage in such activity.
Finally the Parish Council seeks an ethical investment approach, ideally with a focus on sustainable investments.
All proposals must be received by the Parish Council Clerk by 5.00pm on Friday 10 March 2023 by email to clerk@cranleigh-pc.gov.uk
To create secure and safe site for storage of machinery and materials, which will include; store and workshop, equipment store, field shelter, shipping containers, welfare unit and 1.8m perimeter fence panels. The project requires full new utility connections to service the site.