Award

Pension Fund Investment Advisory Contract

LONDON BOROUGH OF REDBRIDGE

This public procurement record has 1 release in its history.

Award

14 Jul 2023 at 09:57

Summary of the contracting process

The London Borough of Redbridge has recently awarded a contract for a Pension Fund Investment Advisory service. The contract falls under the Financial and Insurance Services category with a total value of £95,000. The procurement process was completed, and the contract period is set to start on July 1, 2023, and end on September 30, 2029.

This opportunity is suitable for businesses providing financial and insurance services, particularly those experienced in pension fund investment advisory. The London Borough of Redbridge, as the buying organization, has identified this tender as suitable for small and medium-sized enterprises. The procurement method used was 'Other', and the location for service delivery is in England.

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.

Notice Title

Pension Fund Investment Advisory Contract

Notice Description

Pension Fund Investment Advisory Contract

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-22c560d4-fe79-43de-b55d-da657c5a6590
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/76dddd40-e453-4ce5-a048-65c8190fa401
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
Other -
Tender Suitability
SME
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
£95,000 Under £100K
Lots Value
Not specified
Awards Value
£95,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Jul 20232 years ago
Submission Deadline
16 Apr 2023Expired
Future Notice Date
Not specified
Award Date
22 May 20232 years ago
Contract Period
30 Jun 2023 - 30 Sep 2029 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF REDBRIDGE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
ILFORD
Postcode
IG1 1NN
Post Town
Ilford
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI53 Redbridge and Waltham Forest
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
Redbridge
Electoral Ward
Ilford Town
Westminster Constituency
Ilford South

Supplier Information

Number of Suppliers
1
Supplier Name

MERCER

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-b5fd17-22c560d4-fe79-43de-b55d-da657c5a6590-2023-07-14T10:57:45+01:00",
    "date": "2023-07-14T10:57:45+01:00",
    "ocid": "ocds-b5fd17-22c560d4-fe79-43de-b55d-da657c5a6590",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "REDBR001-DN663615-09561908",
        "title": "Pension Fund Investment Advisory Contract",
        "description": "Pension Fund Investment Advisory Contract",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66000000",
            "description": "Financial and insurance services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 95000,
            "currency": "GBP"
        },
        "procurementMethodDetails": "Other -",
        "tenderPeriod": {
            "endDate": "2023-04-16T23:30:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2023-07-01T00:00:00+01:00",
            "endDate": "2029-09-30T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-53881",
            "name": "London Borough of Redbridge",
            "identifier": {
                "legalName": "London Borough of Redbridge"
            },
            "address": {
                "streetAddress": "7th Floor, Lynton House, 255-259 High Road",
                "locality": "Ilford",
                "postalCode": "IG1 1NN",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Hilary Taylor",
                "email": "hilary.taylor@redbridge.gov.uk",
                "telephone": "+44 2087083427"
            },
            "details": {
                "url": "http://www.redbridge.gov.uk/"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-149737",
            "name": "Mercer Ltd",
            "identifier": {
                "legalName": "Mercer Ltd"
            },
            "address": {
                "streetAddress": "EC3R 5BU"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-53881",
        "name": "London Borough of Redbridge"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-22c560d4-fe79-43de-b55d-da657c5a6590-1",
            "status": "active",
            "date": "2023-05-23T00:00:00+01:00",
            "datePublished": "2023-07-14T10:57:45+01:00",
            "value": {
                "amount": 95000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-149737",
                    "name": "Mercer Ltd"
                }
            ],
            "contractPeriod": {
                "startDate": "2023-07-01T00:00:00+01:00",
                "endDate": "2029-09-30T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/76dddd40-e453-4ce5-a048-65c8190fa401",
                    "datePublished": "2023-07-14T10:57:45+01:00",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}