Award

Provision of Investment Consultancy Services

CAPITALESOURCING

This public procurement record has 1 release in its history.

Award

04 Jan 2018 at 16:04

Summary of the contracting process

The procurement process for the "Provision of Investment Consultancy Services," initiated by Westminster City Council (WCC) on behalf of The Royal Borough of Kensington and Chelsea (RBKC), has been completed. This contract, valued at £268,210, targets the industry category of Business and Management Consultancy Services. The contract period commenced on 13 November 2017 and will conclude on 12 November 2020. The procurement was conducted through an open procedure, with the tender period having ended on 3 May 2017.

This tender provides significant growth opportunities for businesses with expertise in investment consultancy, particularly small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs). Firms specialising in financial management and consultancy services would find this contract particularly relevant, as it entails managing the RBKC Pension Fund. The awarded supplier, Mercer Limited, demonstrates the potential for substantial contracts in this sector, urging other consultancies to consider future bids.

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Notice Title

Provision of Investment Consultancy Services

Notice Description

Westminster City Council (WCC) on behalf of The Royal Borough of Kensington and Chelsea (RBKC) has procured a contract for the Provision of Investment Consultancy Services for RBKC Pension Fund.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4393a83c-6b30-452f-8528-58e31a4208af
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/59473e1e-ab5f-492e-ba9e-b1e7de556e8b
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
£268,210 £100K-£500K
Lots Value
Not specified
Awards Value
£268,210 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Jan 20188 years ago
Submission Deadline
3 May 2017Expired
Future Notice Date
Not specified
Award Date
13 Nov 20178 years ago
Contract Period
13 Nov 2017 - 12 Nov 2020 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
CAPITALESOURCING
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
WC2N 5HR
Post Town
Central 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
TLI London

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

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

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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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