Award

Royal London unit trust Management fees for UIF and endowment fund Management fees

THE UNIVERSITY OF BIRMINGHAM

This public procurement record has 1 release in its history.

Award

18 Oct 2024 at 09:20

Summary of the contracting process

The University of Birmingham has completed the procurement process for the management fees of its Royal London unit trusts, including the UIF and endowment funds. This procurement, categorized under financial consultancy services (CPV 66171000), encompasses the delivery of services to Birmingham with a postal code of B15 2TT. The procurement stage is at the award phase, with the contract period starting on 4th August 2024 and ending on 31st July 2025. Key figures in the process include Richard Holmes, the contact point from the University, and Royal London Asset Management, which has been awarded the contract valued at £49,234.23.

This procurement presents significant growth opportunities, especially for small and medium-sized enterprises (SMEs) specialising in financial consultancy services. Although Royal London Asset Management, a large-scale enterprise, secured the contract, SMEs in the financial sector could leverage similar future opportunities by demonstrating expertise and value in managing unit trust and endowment funds. Geographically, businesses operating within or close to Birmingham may find such tenders particularly advantageous due to reduced logistical challenges. The method employed for this tender was a single contract, indicating a tailored business need that can create specialist niche markets in financial consultancy.

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Notice Title

Royal London unit trust Management fees for UIF and endowment fund Management fees

Notice Description

Royal London unit trust Management fees for UIF and endowment fund Management fees

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-30f75a3c-88f0-46ee-a115-271db8afb382
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/872aa75f-853f-4e24-88ae-cd578fee6168
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 - Single Contract Only
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£49,234 Under £100K
Lots Value
Not specified
Awards Value
£49,234 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Oct 20241 years ago
Submission Deadline
3 Aug 2024Expired
Future Notice Date
Not specified
Award Date
4 Aug 20241 years ago
Contract Period
3 Aug 2024 - 31 Jul 2025 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
THE UNIVERSITY OF BIRMINGHAM
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BIRMINGHAM
Postcode
B15 2TT
Post Town
Birmingham
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
Not specified

Local Authority
Birmingham
Electoral Ward
Edgbaston
Westminster Constituency
Birmingham Edgbaston

Supplier Information

Number of Suppliers
1
Supplier Name

ROYAL LONDON ASSET 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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