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Provision of Fuel Hedging Financial Services for the Ministry of Defence

Ministry of Defence, C&C, Other Published 14 Nov 2016 Contracts Finder

key details

Statusactive
Category (CPV) 66150000
RegionSouth West
Deadline12 Dec 2016
Contract start1 Mar 2017
Contract end28 Feb 2021
Procedureselective
SME suitableYes
OCIDocds-b5fd17-729197fe-adca-11e6-9901-0019b9f3037b

description

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.

Additional information: To view this notice, register as a supplier here:

http://www.contracts.mod.uk/delta/signup.html?userType=supplier

and search for the notice with reference 'UK-Glasgow: Financial markets administration services.'.

documents

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notice history

1 notice published against this procurement.

PublishedTypeRegimeNotice
18 Nov 2016 Tender (tender) · 901613eb-82d1-418c-ae2c-5ba1571df7a5-115639

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