Award

Global Custody Services Framework Agreement (NCCT42038) re Cumbria LGPS Custodian

CUMBRIA COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

03 Oct 2022 at 14:58

Award Notice
Summary of the contracting process

The Cumbria County Council has awarded a contract for Global Custody Services under a framework agreement with Northern Trust. The contract is for a period of 4 years from October 1, 2022, to September 30, 2026. The procurement stage was completed, and the total contract value is £210,400 GBP. The services fall under the industry category of Pension services, with the tender period closing on September 14, 2022. The contract covers the region of England, United Kingdom.

This tender by the Cumbria County Council presents opportunities for businesses in the financial services sector, particularly those specializing in pension services. Small and medium-sized enterprises (SMEs) are well-suited to compete in this tender. Interested businesses should consider aligning their offerings with the requirements outlined in the tender documentation to enhance their chances of success in the procurement process.

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

Global Custody Services Framework Agreement (NCCT42038) re Cumbria LGPS Custodian

Notice Description

Using a National LGPS Framework for Global Custody Services (furtehr competition) the provision of Custodian Services, including Fund performance monitoring is awarded on behalf of the Cumbria Local Government Pension Scheme (the Pension Fund) for a period of 4 years from 1 October 2022 to 30 September 2026.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-404af6cb-c749-4da1-9bc2-09c878502449
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bea9d9ea-6f7c-410b-90f2-b323b2e073a5
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
£210,400 £100K-£500K
Lots Value
Not specified
Awards Value
£210,400 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Oct 20223 years ago
Submission Deadline
14 Sep 2022Expired
Future Notice Date
Not specified
Award Date
28 Sep 20223 years ago
Contract Period
30 Sep 2022 - 30 Sep 2026 4-5 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
CUMBRIA 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
CARLISLE
Postcode
CA1 1RD
Post Town
Carlisle
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD1 Cumbria
Small Region (ITL 3)
TLD13 Cumberland
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
Cumberland
Electoral Ward
Castle
Westminster Constituency
Carlisle

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-b5fd17-404af6cb-c749-4da1-9bc2-09c878502449-2022-10-03T15:58:56+01:00",
    "date": "2022-10-03T15:58:56+01:00",
    "ocid": "ocds-b5fd17-404af6cb-c749-4da1-9bc2-09c878502449",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "CUM001-DN629819-58614271",
        "title": "Global Custody Services Framework Agreement (NCCT42038) re Cumbria LGPS Custodian",
        "description": "Using a National LGPS Framework for Global Custody Services (furtehr competition) the provision of Custodian Services, including Fund performance monitoring is awarded on behalf of the Cumbria Local Government Pension Scheme (the Pension Fund) for a period of 4 years from 1 October 2022 to 30 September 2026.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66520000",
            "description": "Pension services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 210400,
            "currency": "GBP"
        },
        "procurementMethodDetails": "Not specified",
        "tenderPeriod": {
            "endDate": "2022-09-14T17:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2022-10-01T00:00:00+01:00",
            "endDate": "2026-09-30T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-145877",
            "name": "Cumbria County Council",
            "identifier": {
                "legalName": "Cumbria County Council"
            },
            "address": {
                "streetAddress": "Cumbria House, 107 - 117 Botchergate",
                "locality": "Carlisle",
                "postalCode": "CA1 1RD",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Clare Redpath",
                "email": "clare.redpath@cumbria.gov.uk",
                "telephone": "+44 7771396537"
            },
            "details": {
                "url": "http://www.cumbria.gov.uk/"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-221100",
            "name": "Northern Trust",
            "identifier": {
                "legalName": "Northern Trust"
            },
            "address": {
                "streetAddress": "E14 5NT"
            },
            "details": {
                "scale": "sme",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-145877",
        "name": "Cumbria County Council"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-404af6cb-c749-4da1-9bc2-09c878502449-1",
            "status": "active",
            "date": "2022-09-29T00:00:00+01:00",
            "datePublished": "2022-10-03T15:58:56+01:00",
            "value": {
                "amount": 210400,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-221100",
                    "name": "Northern Trust"
                }
            ],
            "contractPeriod": {
                "startDate": "2022-10-01T00:00:00+01:00",
                "endDate": "2026-09-30T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/bea9d9ea-6f7c-410b-90f2-b323b2e073a5",
                    "datePublished": "2022-10-03T15:58:56+01:00",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}