Award

Custody and Investment Administration Services

DURHAM COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

11 Dec 2019 at 10:16

Award Notice
Summary of the contracting process

The procurement process involves Durham County Council seeking services related to "Custody and Investment Administration Services" for its Pension Fund. The contract, valued at £140,000, falls within the business services industry category and is located in the North East of England. This tender was initiated under a standard competitive tender process, with the submission period concluding on 29th August 2019. The awarded contract commenced on 12th December 2019 and is set to conclude on 30th September 2020.

This tender represents a significant opportunity for businesses specialising in legal, financial, and administration services, particularly small and medium-sized enterprises (SMEs). Companies with expertise in custody and investment administration would find themselves well-placed to compete. As the contract is awarded and ongoing, firms can benefit from engaging with Durham County Council, enhancing their portfolio while contributing to public sector financial management.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Custody and Investment Administration Services

Notice Description

Provision of Custody and Investment Administration Services to Durham County Council Pension Fund

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1368e8f9-f388-41a2-8a39-ff1b2516a3a3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3e000d91-05e6-44d8-a356-f13a518ebf0d
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not applicable
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
£140,000 £100K-£500K
Lots Value
Not specified
Awards Value
£140,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Dec 20196 years ago
Submission Deadline
29 Aug 2019Expired
Future Notice Date
Not specified
Award Date
11 Dec 20196 years ago
Contract Period
12 Dec 2019 - 30 Sep 2020 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DURHAM COUNTY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DURHAM
Postcode
DH1 5UL
Post Town
Durham
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC41 Durham
Delivery Location
TLC North East (England)
Local Authority
County Durham
Electoral Ward
Neville's Cross
Westminster Constituency
City of Durham

Supplier Information

Number of Suppliers
1
Supplier Name

NORTHERN TRUST

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-1368e8f9-f388-41a2-8a39-ff1b2516a3a3-2019-12-11T10:16:24Z",
    "date": "2019-12-11T10:16:24Z",
    "ocid": "ocds-b5fd17-1368e8f9-f388-41a2-8a39-ff1b2516a3a3",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "DCC001-DN434337-27694186",
        "title": "Custody and Investment Administration Services",
        "description": "Provision of Custody and Investment Administration Services to Durham County Council Pension Fund",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "79000000",
            "description": "Business services: law, marketing, consulting, recruitment, printing and security"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "North East",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 140000,
            "currency": "GBP"
        },
        "procurementMethodDetails": "Not applicable",
        "tenderPeriod": {
            "endDate": "2019-08-29T23:59:59+01:00"
        },
        "contractPeriod": {
            "startDate": "2019-10-01T00:00:00+01:00",
            "endDate": "2020-09-30T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-79727",
            "name": "Durham County Council",
            "identifier": {
                "legalName": "Durham County Council"
            },
            "address": {
                "streetAddress": "Durham County Council, County Hall",
                "locality": "Durham",
                "postalCode": "DH1 5UL",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Guy Aynsley",
                "email": "guy.aynsley@durham.gov.uk"
            },
            "details": {
                "url": "http://www.durham.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-110969",
            "name": "Northern Trust",
            "identifier": {
                "legalName": "Northern Trust"
            },
            "address": {
                "streetAddress": "50 Bank Street, Canary Wharf, London, E14 5NT"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-79727",
        "name": "Durham County Council"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-1368e8f9-f388-41a2-8a39-ff1b2516a3a3-1",
            "status": "active",
            "date": "2019-12-11T00:00:00Z",
            "datePublished": "2019-12-11T10:16:24Z",
            "value": {
                "amount": 140000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-110969",
                    "name": "Northern Trust"
                }
            ],
            "contractPeriod": {
                "startDate": "2019-12-12T00:00:00Z",
                "endDate": "2020-09-30T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/3e000d91-05e6-44d8-a356-f13a518ebf0d",
                    "datePublished": "2019-12-11T10:16:24Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}