Award

WSCC - JS - Global Custody Services for West Sussex Pension Fund

WEST SUSSEX COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

22 Jul 2022 at 13:58

Summary of the contracting process

The procurement process for Global Custody Services for the West Sussex Pension Fund, under the auspices of West Sussex County Council, has been completed. The contract had a value of £320,000, with a minimum threshold of £310,000, and was awarded as a selective process via a call-off from the National LGPS Framework. The contract commenced on 1 July 2022 and will run until 30 June 2025, with a possible extension of up to five additional years. The tender period concluded on 13 June 2022, and the procurement falls within the trust and custody services category. The buying organisation is situated in Chichester, England, with a postal code of PO19 1RQ.

This tender presents an excellent opportunity for businesses in the financial services sector, particularly those specialising in custody and trust services, to engage with local government contracting. Companies that align with the scale and capabilities required for such services would find this procurement advantageous for expanding their business footprint. Given that the award has gone to Northern Trust Company, businesses with similar expertise should consider future opportunities within the public procurement landscape, especially in similar contracts that may arise from framework agreements.

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Notice Title

WSCC - JS - Global Custody Services for West Sussex Pension Fund

Notice Description

Global Custody Services for West Sussex Pension Fund (West Sussex County Council) Initial term 3 years with the option to extend for a further 5 years. Max term will be 8 years Call-off from National LGPS Framework for Global Custody Services (2021)

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-33d1b3ff-d629-40fd-ac7a-b9e9ec3bac67
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2378df64-5c77-443a-a26d-197db2d81312
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66160000 - Trust and custody services

Notice Value(s)

Tender Value
£320,000 £100K-£500K
Lots Value
Not specified
Awards Value
£312,800 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
22 Jul 20223 years ago
Submission Deadline
13 Jun 2022Expired
Future Notice Date
Not specified
Award Date
19 Jun 20223 years ago
Contract Period
30 Jun 2022 - 30 Jun 2025 3-4 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
WEST SUSSEX 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
CHICHESTER
Postcode
PO19 1RQ
Post Town
Portsmouth
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ27 West Sussex (South West)
Delivery Location
Not specified

Local Authority
Chichester
Electoral Ward
Chichester Central
Westminster Constituency
Chichester

Supplier Information

Number of Suppliers
1
Supplier Name

NORTHERN TRUST COMPANY (THE

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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