Award

Lord Chancellor's Common Investment Fund

MINISTRY OF JUSTICE

This public procurement record has 2 releases in its history.

Award

29 Sep 2023 at 15:57

Award Notice
Tender

09 Dec 2022 at 15:12

Tender Notice
Summary of the contracting process

The Ministry of Justice has awarded a contract for the Lord Chancellor's Common Investment Fund to Legal & General Investment Management Ltd. The contract is valued at £1,005,000 GBP and has a contract period from 1st February 2024 to 31st January 2029. The procurement method used was an open procedure. The contract was awarded on 14th July 2023.

The Lord Chancellor's Investment Fund tender, with a value of £738,000 GBP, is currently active. The Ministry of Justice is seeking investment management services for the fund, with a contract period from 1st February 2024 to 31st January 2030. The procurement method used is an open procedure. Interested suppliers need to register via the esourcing portal to participate in the tender process. Small and medium-sized companies are suitable for this opportunity.

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Notice Information

Notice Title

Lord Chancellor's Common Investment Fund

Notice Description

The requirement is for the appointment of an investment manager to manage and control the Lord Chancellor's Investment Fund. The purpose of the fund is to provide an investment vehicle for funds in court in England and Wales and separately in Northern Ireland. Funds are held under the jurisdiction of the Official Solicitor and the Public Trustee, and a number of individuals granted permission to invest by the Lord Chancellor. Additional information: Deed of Agreement - Redacted

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1c424f99-1074-4fc2-875b-83b364c024c0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9eb83173-d41b-45d7-9407-3e593bb96c43
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£1,005,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,005,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
29 Sep 20232 years ago
Submission Deadline
30 Dec 2022Expired
Future Notice Date
Not specified
Award Date
13 Jul 20232 years ago
Contract Period
1 Feb 2024 - 31 Jan 2029 Over 5 years
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
MINISTRY OF JUSTICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1H 9EA
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

LEGAL & GENERAL INVESTMENT MANAGEMENT

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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. 

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